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Share premium account

This query is : Resolved 
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(Querist)
02 March 2022 Can a Company use share premium account for the purpose of Working capital or purchasing fixed Assets after passing special resolution. What law says?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2022 Please see sections 52(1) and 66.
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c.bakshi

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c.bakshi (Expert)
03 March 2022 utilization of Security premium is restricted in your case
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