Share issue at premium

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2013 A new Company Form Act. Year 2012-13
there is no transection took place during the year Books of account reflect loss on account of Incorporation of company.
From 1st April Company take over the running business of a partnership firm where all the share holder of the company are the partner of the said firm.
the authorised Capital of the company is 25lac and the the total capital of the partnership firm is 2cr..

whether company issue share at premium for purchese consideration since all the partner are the all ready the subscriber of the company

Ajay Mishra

Ajay Mishra (Expert)
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08 July 2013 Hi

Yes, you can do so, firstly make an evaluation of partnership firm and then allot shares as per their valuation subject to authorised share capital of the company.

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