Thursday, June 20, 2019 10:19:09 PM
Par value. A company can change the par value of its shares or adjust the amount in the share premium reserve, but it is not able to do so as and when the directors and shareholders wish. These changes require permission from a court and are usually associated with large returns of capital, share splits or consolidations
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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