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V.S. Datey on Companies Act, 2013
  • Issue of shares on premium

    by Abhishek on Thursday, December 27, 2018 at 08:35 AM

    Pvt Ltd Company "CC Pvt Ltd" in which Mr N (proprietor) already holds 40% of paid up share capital wants to takeover the proprietorship (Net asset value 60 lac) by issuing right equity shares at premium having FV 10. Is it possible to issue right equity shares at premium to proprietor of concern which is being takenover or only shares at par to be issued to the proprietor ?

    Replied byV.S. Datey Friday, December 28, 2018 at 05:37 PM

    no such restriction if scheme is approved V S Datey

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