One of XYZ company having its share Value of Rs. 10/- each and premium shares each one Rs. 15/-.
Xyz company allotted 100 shares to the WAB company.
In this shares XYZ company received the amount as follows:
Share Value Rs. 10 x100 = 1000 - > 6 x 100 = 600 Due is 400/-
Premium Share Rs. 15 x 100 = 1500 -> 10x 100= 1000 Due is 500/-
Now XYZ company wants to increase the share premium to Rs. 20/- for Allotted 100 shares The total cost of premium Share is Rs. 20 x 100 = 2000/-
My query is As per the Companies Act xyz company can increase the share Premium value? As that company already filed with ROC as Rs. 15 x 100 = 1500/- for premium share
Is it possible to increase the share premium after filing with ROC
With Regards
Sreenivasa rao
CAclubindia
