Capital gain when shares issued at par to new dir

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2012 if the new dirctir is appointed and the member of the co after 1 month of the incorporation with the net worth of the co 1 lacs rs. & 10000 shares issued,

can co issue shares to new director appointed at a par ?

if yes ? what are the impact on the income tax part calculation?

Guest

Guest (Expert)

06 May 2012 yes shares can be issues to new director at par. the shares of the co still valued at par which shall notake diff in any case now. CG will arise when shares r sold