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In Maharashtra is Director liable to pay the Professional tax or the company?


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I am trying to select a topic for Ph.D thesis. I am keen to study the Issue of shares at a premium both by listed companies, closely held public companies and privat companies and their impact on the Investors, the general public and the Government. A new company like Reliance power, yet to start the project, charged investors heavily in the name of premium. Also deuped the govt by avoiding payment of fees on authorised capital as otherwise for this amount the company would have been required to pay a good money to the govt. Similarly many companies are doing the same thing. Can you suggest a topic and method of study so that I can prepare the synopsis. Thanks

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