A Ltd Co has increased the face value of its share to INR 25000, the consequent fractional shares were bought?

Question

back compulsorily from the Public. This is a leading multinational co with a strong product, R&D, Brand & profits. It has very conveniently excluded the Indian Public shareholders of any distribution of future profits.It may not declare "Dividends" in future considering that it has to pay Tax , but may continue to repatriate other types of compensation to its Parent Co. Is there any remedy for this kind of corporate behaviour with the Indian Public ? Can a reference be made to the DCA under MOF? If so do they have any powers under existing Laws to restore status quo or even to intervene in the matter? The revised Value affixed by the Co on its shares ( ostensibly to render the Individual-Public holding into fractional shares) is creating a precedence of some kind in the corporate world when in fact other companies have gone in for Stock Splits during the same time.One yearns for the FERA regime which would have dealt with this Co appropriately. Serious suggestions remedies requested

Answer 1

Fractional shares Willl be consolidated and the proportionate value of share wil be distributed to eligible fraction share holders.

Answer 2

As stated, via ACE, commence with mutual money and on a daily basis keep on with the circulate of the stocks, to achieve expertise. Face fee is undemanding share fee it truly is often Rs.10/- or Rs.one hundred/-, in India. in a great number of cases, this is the fee, the share is initially issued into the market. Then market comes to a call the fee, on the muse, of the corporate's performance.