Issue of securities at Premium

Others 572 views 2 replies

I HAVE A QUERY THAT WHEN SECURITIES ISSUED AT PREMIUM THEN IS THAT COMPULSORY TO CALL PREMIUM AT A SINGLE TIME

CAN WE CALL PREMIUM ON APPLICATION THEN ON CALLS ALSO

LYK

100 SHARES @ 130/- (10/- FACE VALUE + 120/- PREIUM)

IN THAT CASE WE CAN DEMAND 5/- APPLICATIONMONEY WITH 95/- PREMIUM

THEN AFTER ONE  MONTH 5/- CALL MONEY WITH 25/- PREMIUM

 

PLZ GUIDE...............

ITS VERY URGENT

 

Replies (2)

Hii khushboo it is not necessary to call premium at a single stage. as in ur query it is fine if premium moneys are called for at any stage other than application. but if nothing is mentioned in the problem regarding the treatment of premium then in that case it wil be implied that premium is to be receiveable on allotment by giving a note to this effect.

simranjeet is right premium amount is depends on company policy.there is nothing described by law in this regard but generally in the practical  all companies call premium at one shot. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details