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Capital gain when shares issued at par to new dir (Income Tax)

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This query is : Open

Author : Anonymous

( Author )
05 May 2012

if the new dirctir is appointed and the member of the co after 1 month of the incorporation with the net worth of the co 1 lacs rs. & 10000 shares issued,

can co issue shares to new director appointed at a par ?

if yes ? what are the impact on the income tax part calculation?


Member (Account Deleted)

( Expert )
06 May 2012

yes shares can be issues to new director at par. the shares of the co still valued at par which shall notake diff in any case now. CG will arise when shares r sold



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