Share premium for a Private Limited company

This query is : Resolved 

03 December 2008 My company [will register this dec] has authorized capital of Rs.50 lakhs [5 lakh@10] and paid up capital of 5 [.5 Lakh @10] Lakhs. It is a Pvt Limited company. I have a plan to collect another 5 Lakh[.5 Lakh@25] from others with premium as we have some intellectual property. I would like to confirm that this is not against any rules. Please guide me on this case

Regards
Anil Jacob

19 February 2009 yes, you can do so.
Private limited company can issue shares on premium.
thanks



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries