Hi ,
My client wants to takeover a existing private ltd company through purchasing 100% shares from existing shareholders,
My question is :
1] If I purchase 1000 [ 100 fv] shares at premium of 5000/-, At what amount amount the share capital of that existing company will show at after takeover ? at 50 lacs ? or it will continue to show at nominal value of 1000 * 100 = 1 lac?
CAclubindia
