At the time of Private Limited Company formation a company allot share at premium.
If yes, then give process.
My another question is, any private limited company collect money as only share premium without issue any share.
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Share premium
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A Private Limited Co can issue shares at premium.
Procedure is similar to normal share issue. Just that security premium has to be accounted.
Without issuing shares security premium cannot be collected
There is One more method of Rising money without utilizing or Increasing Authorized share capital is to receive money Against share Capital in case of Private Company.
Sanjeev are you trying to say that a private limited company can take loan against its existing share capital???
At the time of incorporation shares cannot be at a premium. Its only after incorporation and shares subscribed any subsequent issue and allotment can be done at a premium.
No Securities Premium cannot be collected without raising the share capital i.e without issuing shares.
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