Issue of shares at a premium by a loss making public ltd co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2012
Can a loss making public company issue shares at a premium with the intention to convert promoters' loans into equity within the existing Authorised Capital.
What are the formalities and modalities?
Is valuation of land and buildings (only tangible assets) a must in such a case?
What are the formalities and modalities?
Is valuation of land and buildings (only tangible assets) a must in such a case?
09 April 2012
Hi
Yes they can issue shares at premium. please read Unlisted Public Companies (Preferential Allottment) Rule, 2003 with Amendement Rule 2011 for procedure.
Regards
Yes they can issue shares at premium. please read Unlisted Public Companies (Preferential Allottment) Rule, 2003 with Amendement Rule 2011 for procedure.
Regards
Message likes :
1 times
09 April 2012
yes, Agree with Mr. Ajay,
But a loss making public company can not issue shares at premium to public(IPO).
regulation 26 of SEBI(ICDR) has to be followed for IPO.
But a loss making public company can not issue shares at premium to public(IPO).
regulation 26 of SEBI(ICDR) has to be followed for IPO.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Ineligible ITC claimed
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
