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& Information Time left 00:49:47 Ellen, Newton and Pious are shareholders of a limited liability company called ENP company limited with each of them
& Information Time left 00:49:47 Ellen, Newton and Pious are shareholders of a limited liability company called ENP company limited with each of them holding 500 shares. The value of each share was Ghc1.00. Newton and Pious paid cash for their shares, but Ellen provided a parcel of land valued at Ghc500.00. In 2018 Pious returned the shares to the company. In 2019 those shares were re-issued to Derrick at Ghc2.00 per share. Ellen's land which she gave had appreciated in value to Ghc1,000.00. In the course of operations, the company had incurred liabilities in the sum of Ghc500.00. As an expert in company law, you are required to answer the following queries by some students of Valley View University working on a case study on the above facts(0) E NEXT > 11
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