Issue price of shares by pvt. ltd. company

[NAND LAL JAIN]

Our company is having share capital of Rs. 5 Lac and reserves of Rs. 50 Lac. Can we issue shares of Rs. 10/- at the rate of 20/- if no what are the parameters to be looked into.

AI Summary

Company Seeks Guidance on Issuing Shares at Premium; Clarification and Additional Information Requested by Authorities A private limited company with a share capital of Rs. 5 lakh and reserves of Rs. 50 lakh inquired about issuing shares with a face value of Rs. 10 at a premium of Rs. 20. The query seeks guidance on whether this is permissible and what parameters should be considered. The response asks if the matter has been clarified and requests further information if needed.