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Q.No.3 a) As of 31st March 2019, the paid-up share capital of Sitara Ltd is...

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Accounting

Q.No.3 a) As of 31st March 2019, the paid-up share capital of Sitara Ltd is Rs 10,000,000/- divided into 1000,000/- equity shares of Rs 10 each. Of this H ltd is holding 600000/- equity shares and 400000 shares are held by others. On the basis of this given information, answer if Sitara may issue further shares if the Authorized capital is 10,000,000/- with reference to the provisions of the Companies ordinance 1984 and Companies act 2017.

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