Caan preference shares be issued at premium?? Please explain with necessary sections and provisions.....
1 Replies
nidhigoel89
(Company Secretary )
(594 Points)
Replied 12 April 2013
Yes,
Preference shares can very well be issued at premiume, as per sec 78 of co. act i.e. Application of premiums received on issue of SHAREs. And share include equity as well as preference. There is no exclusion for preference shares.
Contrary views are welcomed.
Thanks!
Nidhi
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