Dear Sir
i want to know that whether a new company can issue equity share at premium under co act 2013
Menu
Can a new pvt co issue equity shares at premium
Replies (3)
There is no bar in Companies Act. But you have to take care of Sec.56(viib) of Income Tax Act 1961. Amount in excess of fair market value of shares will be treated as other income and will be taxed accordingly.
how will be thefair market value determined, whether it is based on Net asset value or any other method
You have to refer to Rule 11U and 11UA for the methodology and take CA certificate for valuation under the rules.
Recent Threads
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
Related Threads
CAclubindia
