Companies Act, 2013
Section - 52 - Application of premiums received on issue of shares
Application of premiums received on issue of shares. 52. (1) Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on those shares shall be transferred to a "securities premium account" 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. (2) Notwithstanding anything contained in sub-section (1), the securities premium account may be applied by the company-
| (a) | - | towards the issue of unissued shares of the company to the members of the company as fully paid bonus shares; |
| (b) | - | in writing off the preliminary expenses of the company; |
| (c) | - | in writing off the expenses of, or the commission paid or discount allowed on, any issue of shares or .... To read the full section download the app from Google Play store
06 July 2026
Chartered Accountant (Indirect Taxation)Gowra Ventures Pvt Ltd Hyderabad CA View Details
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