Menu
Sec 52
security premium money received on issue of shares is utilized in business??
Replies (3)
u cannot use it for business and can be used for following
a) Issuing fully paid bonus shares to the members.
(b) Writing off preliminary expenses.
(c) Writing off the expenses of or the commission paid or discount allowed on any issue of shares or debentures of the company.
(d) Providing for the premium payable on the redemption of preference shares or debentures of the company.
(e) In purchasing its own shares i.e. Buy Back u/s 77 A
a) Issuing fully paid bonus shares to the members.
(b) Writing off preliminary expenses.
(c) Writing off the expenses of or the commission paid or discount allowed on any issue of shares or debentures of the company.
(d) Providing for the premium payable on the redemption of preference shares or debentures of the company.
(e) In purchasing its own shares i.e. Buy Back u/s 77 A
Sec 52 resticts the account of security premium.....not money received on security premium
question of bcom
Recent Topic
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
Related Topics
CAclubindia
