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Section 52 Application of premiums received on issue of shares
What are all the points in which a Securities Premium Account can be used by the Company ?
Replies (3)
for issue of unissued shares to members as fully paid bonus shares
-writing off the preliminary expenses
-writing off the expenses or commission paid or discount allowed on any issue of shares or debentures
-for premium on the redemption of any redeemable preference shares or debentures of the company
-for the purchase of its own shares
-writing off the preliminary expenses
-writing off the expenses or commission paid or discount allowed on any issue of shares or debentures
-for premium on the redemption of any redeemable preference shares or debentures of the company
-for the purchase of its own shares
Thank you
Then what about distributing foreign expenses related to directors and dividend declared through Securities Premium Account
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