Caan preference shares be issued at premium?? Please explain with necessary sections and provisions.....
Menu
Preference shares
Replies (1)
Yes,
Preference shares can very well be issued at premiume, as per sec 78 of co. act i.e. Application of premiums received on issue of SHAREs. And share include equity as well as preference. There is no exclusion for preference shares.
Contrary views are welcomed.
Thanks!
Nidhi
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
