issue of shares at premium.
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Durga Bansal
Apr 16, 2015, 2:43:41 AM4/16/15
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Dear Friends,
What are the pre conditions for A public limited (unlisted) or a private limited company to issue securities at a premium as per companies act, 2013? Whether there is any restriction on issue of shares at a premium means whether a company can issue shares at any amount of premium?
Further, as per companies act,2013:
Section 186 says " A company can give guarantee or provide security or subscribe in the securities of a body corporate upto a limit of 60% of its paid up share capital, securities premium account and its free reserves or 100% of its free reserves and securities premium account which ever is more or with prior approval of share holders in a general meeting by means of a special resolution exceeding such limit.
Whether there is any other provision to be kept in mind while giving corporate guarantee by a private or public unlisted company?
What are the pre conditions for A public limited (unlisted) or a private limited company to issue securities at a premium as per companies act, 2013? Whether there is any restriction on issue of shares at a premium means whether a company can issue shares at any amount of premium?
Further, as per companies act,2013:
Section 186 says " A company can give guarantee or provide security or subscribe in the securities of a body corporate upto a limit of 60% of its paid up share capital, securities premium account and its free reserves or 100% of its free reserves and securities premium account which ever is more or with prior approval of share holders in a general meeting by means of a special resolution exceeding such limit.
Whether there is any other provision to be kept in mind while giving corporate guarantee by a private or public unlisted company?
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