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Bishakha (Querist)
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14 December 2012 Is it mandatory to mentiuon in the resolution that shares are being issued in premium. If yes then kindly specify the provision/circular etc.

Ajay Mishra

Ajay Mishra (Expert)
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14 December 2012 Hi

Yes, it is required to mentioned in resolution. The Board members or shareholder should aware of the terms of issue of shares whether it is issued on premium or not. If the shares are issued at premium then you will go under section 78 of the companies Act, 1956.

So section itself give power to mentioned the premium amount to under stand that the shares are issued at premium.

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