issue of share capital at premium
This query is : Resolved
17 February 2009
dear collegues,
whether the intial shares to be allotted can be issued at premium? please answer with the relevant proviso of companies act
regards
ca man mohan modi
whether the intial shares to be allotted can be issued at premium? please answer with the relevant proviso of companies act
regards
ca man mohan modi
17 February 2009
Yes, you can issue shares at preium. But you should have calcuations on what basis you have arrived at the preium amount. Section 78 of the companies act deals with share preium.
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