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Issue of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 August 2010 If a Pvt. Company has once issued shares at premium and in next issue it wants to shares issue at par. Does the company require to give justification for not issuing shares at premium or a general meeting is required or just a board meeting is sufficient? Please resolve the query as soon as possible...Will be highly obliged..
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 August 2010 The shares should be issued atleast at the book value of the company.

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