Justification on issue of shares at a premium

Anjali Modi (Student CA Final ) (38 Points)

27 November 2015  

One of my client (Pvt. Ltd. Co.)issue share Face Value 10 and on Rs. 90 Rs. Premium . co. is a private limited company Now ITO Want justification For Rs. 90 premium per share . If you have any case law or justification please provide me.

Please mail me the reply on anjalimodi29 @ gmail.com

Thanks & Regards