Requirement of passing sr on issue of shares at premium
Querist : Anonymous
Greeting of the Day!!
As per Section 78 of Companies Act 1956 in Bare Act , No need to pass SR for issue of Shares at Premium.
But i have seen few replies in CAclubIndia stating that SR is required to be passed for issue of Shares at premium.
Please Clarify??
Also Clarify For Section 79!! i think OR is passed on issue of Shares at Discount!!
As per section 79, for issue of shares at discount ordinary resolution is required.
Querist : Anonymous
Is it required in case of Pvt Ltd Company??
to pass SR on issue of Shares at Premium??
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