Premium on issue of shares
sumaiya Daruwala (proprietor) (37 Points)
15 February 2016
If the PVT Ltd co is new whether it can issue shares at premium.
sumaiya Daruwala (proprietor) (37 Points)
15 February 2016
J. Manivannan
(Advocate & IP)
(242 Points)
Replied 15 February 2016
You Can. Based on your business orders and expected turnover with justification...you can project and issue with premium.
sumaiya Daruwala
(proprietor)
(37 Points)
Replied 16 February 2016
Thanks alot sir.
Pvt Ltd co in infrastructure business with minimum capital of Rs 100000 wants to unertake huge project,for that they undertake jointventure with other (may be proprietory concern ,partnership firm.or co)How can this jointventure should be incorporated in pvt ltd co?
J. Manivannan
(Advocate & IP)
(242 Points)
Replied 16 February 2016
First, you should enter a Joint venture agreement with detailed terms and conditions such as funding, Capital ratio, Reserved Matters, Non-Compete and Non-Solicit, Buy & Sell, Put and Call and dispute resolutions etc…in order to avoid future conflicts if any..
Based on JV agreement, the parties may either incorporate a new company into which they may invest, or develop an existing company as the joint venture entity by investing into such company.
This type of joint ventures functions as the special purpose vehicle to carry out the business objectives of the joint venture.
If you don’t wish to incorporate a new company, you choose a contractual based JV system and enter either a collaboration or consortium agreement in which you should clearly define the revenue sharing ratios, roles and responsibility etc…In this type the parties should maintain accounting records separately
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