When a company issued shares at more than their face value then the excess amount is called:

Premium

The correct answer is option 4- Premium.

When a company issued shares at more than their face value then the excess amount is called premium.

Shares of a company are issued either at par or at a premium. Shares are to be issued at par when their issue price is exactly equal to their nominal value according to the terms and conditions of issue. When the shares of a company are issued more than its nominal value (face value), the excess amount is called premium.