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Who decides the denomination of shares in the public issue by a company?
There are many responsible personalities who take up the decision in the denomination of shares in public issue of the company and they people are as follows:-
1. Company directors : take decision on the basis of the profits and return of the company. They also gets involved in the discussion where they see all the positives and negatives regarding the issue which is having with the company.
2. Company secretaries: company secretary can be also called as joint secretary of the company as it is a person who appears to the directors to have the knowledge and ability to fulfil the functions of a secretary.
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