Can a new company issue shares at premium ?

This query is : Resolved 

15 February 2013 Our company is a new pvt. ltd. company wants to issue shares at a premium the face value of share is Rs.10 / share. I would like to know whether I can issue shares at a premium of Rs. 990/share and also what are the procedure that a company shall follow.

15 February 2013 it can issue shares at premium.

15 February 2013 Thank you,

What are the revised provisions in respect of issue of shares at premium. What is the procedure that a company should follow.

15 February 2013 What are the revised provisions in respect of issue of shares at premium. What is the procedure that a company should follow.

15 February 2013 Section 78 deals with application of premium received.

As such I am not aware of any concrete rules regarding issue of shares at a premium.


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