Security exp.

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MR. B (Querist)
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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

CA UMESH DULAL (Expert)
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05 August 2014 yes

MR. B

MR. B (Querist)
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06 August 2014 THAT MEANS SIR I UTILIZED SECURITY PREMIUM OTHER THAN MENTION IN SEC .78

MR. B

MR. B (Querist)
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06 August 2014 THAT MEANS SIR I UTILIZED SECURITY PREMIUM OTHER THAN MENTION IN SEC .78

CA UMESH DULAL

CA UMESH DULAL (Expert)
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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.

MR. B

MR. B (Querist)
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09 August 2014 CAN I UTILIZE SECURITY PREMIUM FOR PURCHASING A MACHANARY

CA UMESH DULAL

CA UMESH DULAL (Expert)
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09 August 2014 Yes Ms. B, yes

CA UMESH DULAL

CA UMESH DULAL (Expert)
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09 August 2014 Yes Ms. B, yes

MR. B

MR. B (Querist)
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09 August 2014 HOW ,
I THINK IT IS OUTSIDE THE SCOPE OF SECTION 78

.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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09 August 2014 plz read section 78 carefully

MR. B

MR. B (Querist)
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11 August 2014 SIR,
I ALREADY READ STILL IM NOT UNDERSTAND

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 August 2014 plz answer my question, can company invest capital money on p&m or f a ?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 August 2014 plz answer my question, can company invest capital money on p&m or f a ?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 August 2014 plz answer my question, can company invest capital money on p&m or f a ?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 August 2014 plz answer my question, can company invest capital money on p&m or f a ?

MR. B

MR. B (Querist)
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11 August 2014 YES...

..........

CA UMESH DULAL

CA UMESH DULAL (Expert)
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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

CA UMESH DULAL (Expert)
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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.

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