Takeover by purchasing shares of company

RoHaN k (CA & CS) (308 Points)

11 January 2015  

Hi ,

 My client wants to takeover a existing private ltd company through purchasing 100%  shares from existing shareholders,

My question is :

1] If I purchase 1000 [ 100 fv] shares at premium of 5000/-, At what amount amount the share capital of that existing company will show at after takeover ? at 50 lacs ? or it will continue to show at nominal value of 1000 * 100 = 1 lac?