Issue of shares at premium

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piyush (Querist)
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11 June 2013 i have registered a private company with authorised capital of rs. 2,00,000 and issued & paid up capital of rs. 1,00,000 at fsce value of Rs. 10 each. ( No premium at the time of Registration ).

Now i want to issue further shares at premium of Rs.50. ( all the shares will be subscribed by one shareholder only )

Can i do the same and what is the procedural requirement ?

Hope i have explained my query.

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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12 June 2013 yes you may do the same.

As your company is a private company. Just pass Board Resolution and allot the shares and file form 2 for Return of allotment.