Accounting treatment for opening balance of securities premium reflecting since 5 years in balance sheet and company is having losses

Dear Sir, With ref. to above subject, on of My Clients Company is having accumulated Losses since 5-6 Years which are more than securities premium account. For Example from 5-6 Years, the securities premium account is reflecting Rs. 100 and losses are reflecting 200. My Query is whether should i show both securities premium ac and P&L reserves separately or should i combined both and transfer Securities premium to reserves. Which is the correct accounting treatment? Any case law, acconting guidelines on it?? Please help. Thank You