Saturday, December 15, 2007

All shares may come with face value of one rupee

Stock market regulator SEBI is considering a uniform face value of one rupee for shares of listed companies. The proposal to mandate a face value of Re.1 for all shares has been mooted by SEBI’s Primary Market Advisory Committee (PAMC), an official said. The proposed change would require an amendment to the SEBI (DIP) guidelines.

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