Issue of shares

Querist : Anonymous (Querist) 06 May 2010 This query is : Resolved
One investor invested 3 lakhs in my co. but due to exchange rate i recieved 2,94,000 in my account...in shareholder agreement he has asked for 526 shares...how should i allocate him..and in what premium...i have to show this to RBI as well for FDI ..pls advice on how many shares should i allocate him ( i assume it should be a round figure)

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s.subramanian (Expert) 30 October 2010
Query meant for CA club.

Parthasarathi Loganathan (Expert) 30 October 2010
Let our Law qualified CAs and Cost Accountants brothers have a go at this query.I too promise to take this thread further as a banker.

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