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?
ADY & CO.
New Delhi
Graduate (Any)
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M N Rao & Associates LLP
Vijayawada
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
Pro
CAclubindia
