Question

What are benefits of issuins shares at a premium in private compayn

Answer 1

Answer:

Section 56 of the Income Tax Act prescribes issuance of shares at fair value. ... All types of companies canissue their shares at premium. Shares at a premium at the time of incorporation. As per the provisions of Section 52 of the Companies Act, 2013 a company canissue shares at a premium, whether for cash or otherwise

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