A Pvt.Ltd Company incorporated in Year 2001 issue shares to shareholders at par Rs.100/- Each . In the year 2007 further issue equity shares to directors at premium of Rs.500/- each.
Further issue equity shares to directors at par Rs.100/- Each in the month of feb,2009.
Please tell me the allotment of shares in feb,2009 at par is correct and as per company act,1956 or not. Please help me.