Issue of Partly paid up equity shares in pvt co
This query is : Resolved
26 April 2010
Can a Private Company issue equity shares at partly paid premium. Let say A pvt ltd issue 10000 shares @ Rs. 200 in which Rs. 10 is face value and 190 is for premium. Now the company wants to allot shares for Rs. 100 (Partly paid up viz includes Rs. 10/- for Face value and Rs. 90/- for premium). Can the company do so???????????? Help me in this
26 April 2010
If rs. 10/- face value is alloted then the share will become fully paid up and not partly paid up.
If face value is Rs. 5/- then partly paid share and the same can be issued subject to that the share application form contains the details that the shares are partly paid up.
If face value is Rs. 5/- then partly paid share and the same can be issued subject to that the share application form contains the details that the shares are partly paid up.
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