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
Tax Analyst
Ernst&Young
Regards
Anil Jacob
Tax Analyst
Ernst&Young
Guest
Guest
(Expert)
10 October 2009
private company can collect any amount as premium.
Go to section 78 of company act
Go to section 78 of company act
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