Respected Members,
One newly incorporated pvt ltd co. wants to issue shares at premium.
Facevalue =10Rs. Premium =90Rs.
Please advise me what pros and cons should i have to take care with regard to Income tax act & Corporate law.
From both Company & his shareholder Point of view.
Which section & what the problem can be arise in future with ITO & MCA.
I want healthy discussion .
Please advice me on this issue.
CAclubindia
