Issue of shares on premium
This query is : Resolved
16 August 2010
Hi all
A closely held public company wish to issue shares on premium whose paid-up capital is Rs. 4 crore to avoid the appointment of Wholetime company secretary.
Is there any problem in such a case?
A closely held public company wish to issue shares on premium whose paid-up capital is Rs. 4 crore to avoid the appointment of Wholetime company secretary.
Is there any problem in such a case?
16 August 2010
Shares can be issued at a premium. However the price at which the same is issued should be justified as the same might be a problem during income tax scrutiny.
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