Section 56(2)(viib)
This query is : Resolved
28 May 2012
Dear Friends...
I have the query that if any company has already issued the share on premium in previous years and now wants to issue the further shares on same premium then whether the new provision will also be applicable on further issue of shares (FMV provision).
I have the query that if any company has already issued the share on premium in previous years and now wants to issue the further shares on same premium then whether the new provision will also be applicable on further issue of shares (FMV provision).
29 May 2012
Yes the new provision shall be applicable on the premium to be received by the Company.
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