hi friends.....
plse tell me, can the first allotment of shares can be made at premium after the incorporation in case of pvt ltd co's....if a company is incorporated with capital of Rs.100000/- (10000 shares @ 10), can the first allotment of shares can be made at premium of Rs.90/-, if the co. has not yet started the business operations....
plse clarify clearly with sections & case laws if possible....