Issue of share on premium by pvt. co.


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012 Dear Sir,

can a private limited issue share on premium and how much amount of premium it can receive?

21 April 2012 The new law will be

Any excess amount receivable by a private company than the fair market value of its share can be treated as income in the hand of the private company.
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The safest situation : issue shares at face value.
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