Book value for private company

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Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 can you tell me how to calculate book value in case of private company
and also weather security premium is over and above face value or book value

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 December 2013 Fair value of shares of private ltd co is cal as per Rule 11UA under income tax rules 1962.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 And wht abt security premium
is it over and above face value or book value??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 December 2013 Its is above the nominal value and rule 11UA gives its treatment and needs to be added.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 in which section it is mentioned that security premium is defined as over and above nominal value ?
whether there is any difference b/w the nominal value or face value ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 December 2013 Rule 11U defines certain terms and you can check the def in it.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 Sir
11ua is showing the fair market value i need the details of book value

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 December 2013 Book value means the value at which it is recorded in books of accounts.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 ok sir,
one last query
PVT CO.
If my face value is Rs. 10
my book value come to Rs. 20
and we issue the share at 30
so my security premium is Rs.10(20-10) or 20(30-10) ????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 December 2013 Sec Prem is Rs 20= 30-10.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 Where is it mentioned that security premium is over and above the face value.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 December 2013 the def of security prem as deifned under co. act 1956 means that only.

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