Issue of Shares at Premium by a loss making Private Company.

[Deepesh Nayak]

Dear Freinds,

Can a higher Loss making Private Company issue the shares on premium, if not possible normally, then what should be justification?


Regards,
Deepesh

[Deepesh Nayak]

Freinds, please reply soon.....

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Thanking you,

*Deepesh Kumar Nayak*
 Company Secretary
 STI India Limited
 Indore (Madhya Pradesh)
*Mob. 097134-80215*
*csdeepe...@gmail.com*

[CS A Rengarajan]

you need to justify how you are asking or what basis  premium  to be charged for loss making company

 

regards

On Thu, Jan 24, 2013 at 3:31 PM, Deepesh Nayak <csdeepe...@gmail.com> wrote:

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CS A  RENGARAJAN,, B.Com ,FCS, LLB, PGDBM
Company Secretary, Chennai

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[Ravi P]

Hi Deepesh

Please check your AOA whether Board has the power to allot shares at par/premium/discount.  Get a valuation certificate for the Fair Market Value of Assets(FMV) and issue the shares at premium.  If the FMV of shares is less than the premium, the difference will be taxed u/s 56(2) of Income Tax 1961 for private ltd cos

Regards

Ravi P

[Deepesh Nayak]

Thanks you sir.

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