Value of share to be issued

Certainly you can. If the shares arenvalued by a registered valuer, the same can be accordingly reflected in the B/S. i.e. where the valuation is above the face value, the difference can be reflected under the head "Security Premium  A/c" or vice versa.

For Example :

Nominal Value - 10

Value by Registered Valuer - 30

I I issue at Rs 50

What amount will be transferred in Share Capital account and security premium account?

And what will be the effect if i issue shares at Rs. 10/- only.

Pls reply..

Let's give more clarity on the topic. What are the circumstances that necessitate for valuation of shares. It should not be at whims and fancies.