Issue of share on premium by pvt. co.
This query is : Open
Querist : Anonymous
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?
can a private limited issue share on premium and how much amount of premium it can receive?
CA PARAS BAFNA
(Expert)
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.
.
The safest situation : issue shares at face value.
.
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.
.
The safest situation : issue shares at face value.
.
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