5/18/2011 COMPANY LAW II Share Capital Part 2 Consideration for issue of shares ·Issue price. Issue at a premium:above par. Share premium account:see s 488. Issue at a discount:below par. Ooregum Gold Mining Co of India v Roper [1892] AC125 ■C0ss46,50 Partly paid and fully paid shares.5/18/2011 1 1 COMPANY LAW II Share Capital Part 2 2 Consideration for issue of shares • Issue price. • Issue at a premium: above par.  Share premium account: see s 488. • Issue at a discount: below par.  Ooregum Gold Mining Co of India v Roper [1892] AC 125  CO ss 46, 50 • Partly paid and fully paid shares