Sec 185 of co act 2013
This query is : Resolved
14 August 2015
Respected Sir
For covering exemption for sec 185 dated 5.06.2015 whether paid up share capital is inclusive of securities premium account or not. Because as per definition borrowings of such a company from banks is less than twice of its paid up sahre capital or fifty crore rupees , whichever is lower.
Thanks in advance.
For covering exemption for sec 185 dated 5.06.2015 whether paid up share capital is inclusive of securities premium account or not. Because as per definition borrowings of such a company from banks is less than twice of its paid up sahre capital or fifty crore rupees , whichever is lower.
Thanks in advance.
15 August 2015
No..Securities Premium can never be included in Paid-up Capital.
Please refer definition of 'Paid-up Capital' given in Companies Act.
Please refer definition of 'Paid-up Capital' given in Companies Act.
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