Can a company issue shares at a premium at the time of incorporation to one subscriber and to others at a nominal value?
Will it be taxable under 56(2)vii ?
As per section 52 of the Companies Act 2013, a Company can issue the shares at premium towards the issue of un- issued shares of the Company to the members of the Company as fully paid up and further for writing off the preliminary expenses of the Company.
But practically, the no subscriber would take the shares on premium at very begining
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