Security exp.
This query is : Resolved
05 August 2014
SUPPOSE, COMPANY ISSUE 10000 EQUITY SHARE AT RS. 50 (FACE VALUE RS. 10 ) . OUT OF SUCH MONEY COMPANY BUY MACHINERY COSTING RS.300000. CAN COMPANY DO SO
CA UMESH DULAL
(Expert)
05 August 2014
yes
06 August 2014
THAT MEANS SIR I UTILIZED SECURITY PREMIUM OTHER THAN MENTION IN SEC .78
06 August 2014
THAT MEANS SIR I UTILIZED SECURITY PREMIUM OTHER THAN MENTION IN SEC .78
CA UMESH DULAL
(Expert)
06 August 2014
Section 78 says that it can be applied as paid up capital of company. Capital of company can be utilized for purchase of p&m.
CA UMESH DULAL
(Expert)
09 August 2014
Yes Ms. B, yes
CA UMESH DULAL
(Expert)
09 August 2014
Yes Ms. B, yes
CA UMESH DULAL
(Expert)
09 August 2014
plz read section 78 carefully
CA UMESH DULAL
(Expert)
11 August 2014
plz answer my question, can company invest capital money on p&m or f a ?
CA UMESH DULAL
(Expert)
11 August 2014
plz answer my question, can company invest capital money on p&m or f a ?
CA UMESH DULAL
(Expert)
11 August 2014
plz answer my question, can company invest capital money on p&m or f a ?
CA UMESH DULAL
(Expert)
11 August 2014
plz answer my question, can company invest capital money on p&m or f a ?
CA UMESH DULAL
(Expert)
11 August 2014
than why not Security premium. Yes there is some restriction on security premium but no law will prevent a company to use security premium to purchase assets for business use.
CA UMESH DULAL
(Expert)
11 August 2014
than why not Security premium. Yes there is some restriction on security premium but no law will prevent a company to use security premium to purchase assets for business use.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
