https://www.taxtmi.com/acts?id=35666 Regulation prescribes determination of the face value of equity shares for an initial public offer: if the issue price per share is five hundred rupees or more, the issuer may set face value below ten rupees but not below one rupee; if the issue price is less than five hundred rupees, face value shall be ten rupees, subject to an exemption for government-related issuers in the infrastructure sector. Disclosure of face value and any statement comparing issue price to face value must appear in identical font size to the issue price or price band in all offer materials. en-us Mon, 28 Jan 2019 10:39:38 +0530 Mon, 28 Jan 2019 10:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35666 Regulation prescribes determination of the face value of equity shares for an initial public offer: if the issue price per share is five hundred rupees or more, the issuer may set face value below ten rupees but not below one rupee; if the issue price is less than five hundred rupees, face value shall be ten rupees, subject to an exemption for government-related issuers in the infrastructure sector. Disclosure of face value and any statement comparing issue price to face value must appear in identical font size to the issue price or price band in all offer materials. Act-Rules SEBI Mon, 28 Jan 2019 10:39:38 +0530 https://www.taxtmi.com/acts?id=35666