Share premium for a Private Limited company
This query is : Resolved
Anil Jacob
(Querist)
03 December 2008
My company [will register this dec] has authorized capital of Rs.50 lakhs [5 lakh@10] and paid up capital of 5 [.5 Lakh @10] Lakhs. It is a Pvt Limited company. I have a plan to collect another 5 Lakh[.5 Lakh@25] from others with premium as we have some intellectual property. I would like to confirm that this is not against any rules. Please guide me on this case
Regards
Anil Jacob
Regards
Anil Jacob
CA.MANOJ LAMBA
(Expert)
19 February 2009
yes, you can do so.
Private limited company can issue shares on premium.
thanks
Private limited company can issue shares on premium.
thanks
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