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Issue of share on premium

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(Querist)
14 March 2013 What are the precautions in issue of share @ premium as per budget 2012 ??
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
17 July 2013 You are talking about the shares of a Private Limited company and unquoted shares of Limited company. The provision has been brought as the shares were sold much below the face value. Henceforth the same are to be taken at market value
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