Takeover by purchasing shares of company

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Hi ,

 My client wants to takeover a existing private ltd company through purchasing 100%  shares from existing shareholders,

My question is :

1] If I purchase 1000 [ 100 fv] shares at premium of 5000/-, At what amount amount the share capital of that existing company will show at after takeover ? at 50 lacs ? or it will continue to show at nominal value of 1000 * 100 = 1 lac?

Replies (1)
First of all no person can hold 100% share in a company if done so company has to change itself to one person company. Any transfer of shares from one person to another does not any effect in the company. Share capital remains at 1 lakh


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