Shyamala (Business Analyst ) (74 Points)
16 June 2014Hi,
Whether the company can allot shares at two different price in the same month( i.e., One lot of shares issued at less than the FMV and another lot of shares at a premium )
Is there is any correlation between the two issues ?
Thanking in advance
Shyamala B
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 17 June 2014
You have to take care of Section 56 of IT Act. If shares are issued at a price higher than the share valuation, the difference could be added to your income.
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 18 June 2014
CAclubindia
