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Shares issued at premium

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(Querist)
11 November 2013 whether shares can be issued on premium for more than face value? what should be the maximum price of premium at which shares can be issued in respect of changes taken place in year 2011?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 November 2013 yes. shares can be issued at premium. there is no limit. However shares are to be issued on the basis of valuation rules.

http://www.icai.org/resource_file/16341CloselyheldShareValuation.pdf
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 November 2013 As per sebi regulations price can be charged upward or downward 20% max.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
12 November 2013 Company law restrict only shares issue at discount not at premium.

Section 78 of the company act...

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