PAR VALUE FOR SHARES MAY GO
Article Abstract:
The Securities and Exchange Board of India (SEBI) plans to remove the par value concept for shares. It proposes to scrap the par value of Rs10 or Rs100. The move will help the investors buy shares based on the intrinsic value rather than the par value. It will also help companies to price their shares more realistically. SEBI plans to discuss the issue at its forthcoming meeting on March 19, 1999. (ag)(vr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BSE GETS THREE NEW DIRECTORS
Article Abstract:
Bhagirat Merchant, Motilal Oswal and Himanshu Kaji are the 3 new directors elected to the governing board of the Bombay Stock Exchange (BSE). Jayesh Sheth has been re-elected to the board. The new directors said that their priority would be to improve the image of the Bombay Stock Exchange and strengthen its ties with the market regulator - the Securities and Exchange Board of India (Sebi). (uh) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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