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Issue of fresh shares by a pvt comapny

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(Querist)
28 February 2012 whether issue/allotment of fresh equity shares by a pvt company at a price lower than its book value will attract provision of sec 56(2)(viia) ?
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Ajay Mishra

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Ajay Mishra (Expert)
28 February 2012 Hi

Shares can be issued at Par, at a premium or at discount of face value.
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Guest

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Guest (Expert)
28 February 2012 No it will not attract provisions of section 56 (2) (viia)
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