Utilisation of share premium
This query is : Resolved
CA.Ritu Agarwal
(Querist)
19 July 2014
Can share premium be used for Investment in shares of other companies..
Nikhil Kaushik
(Expert)
19 July 2014
no. please refer section 52 of companies act 2013
https://www.mca.gov.in/SearchableActs/Section52.htm
https://www.mca.gov.in/SearchableActs/Section52.htm
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