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Section 52 of companies act, 2013

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Querist : Anonymous (Querist)
17 December 2014 Can anyone explain the meaning of below provision of section 52 (1) of companies act, 2013 (Application of premiums received on issue of shares):

.......... and the provisions of this Act relating to reduction of share capital of a company shall, except as provided in this section, apply as if the securities premium account were the paid-up share capital of the company.

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