...March, 1956, the appellant, as holder of 710 ordinary shares, became entitled to purchase new ordinary shares issued in the ratio of one new ordinary share for one existing ordinary share as held on...apply for 710 new ordinary shares to be paid for at the rate of Rs 105 per new ordinary share. This payment was to represent Rs 75 as the face value of the share and Rs 30 as premium. She was also given...capital gain received by the appellant. On behalf of the appellant, the plea was that, on the issue of the new ordinary shares, the value of her old ordinary shares depreciated, because the assets of the...