Question

Questi
The existing 1,000 shares of Rs 1
each are altered to 100 shares of Rs
10 each, this is known as
O Conversion in stock
O Sub-division
O Surrender
Consolidation​

Answer 1

Consolidation and division is a type of alteration of share capital where all or any of share capital are consolidated into shares of a larger amount than existing shares without any actual change in the total value of consolidated shares. So in this case where existing 1,000 shares of Rs 1 each are altered to 100 shares of Rs. 10 each, the alteration comes under the type consolidation of shares.