16E. Charge of tax on sale of share in a premium over face value.—

 1[16E. Charge of tax on sale of share at a premium over face value.—

Notwithstanding anything contained in any other provisions of this Ordinance or any other law, where a company raises its share capital through book building or public offering or rights offering or placement or preferential share or in any other way, at a value in excess of face value, the company shall be charged, in addition to tax payable under this Ordinance, tax at the rate of three percent on the difference between the value at which the share is sold and its face value.]

1 Ins. new section 16E by F.A. 2010 subsequentl Omitted by F.A. 2013

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