Dear Members,
What is the accounting treatment for Premium received on Issue of Convertible Debentures?
will it go to securities premium? If yes, can it be used for issuing Bonus shares?
Plz clarify
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Treatment of premium on issue of debentures
Replies (1)
YES,
premium on issue of shares are transferred to securities premium, weather it is issued under the mode of cash or other mode of cash.
but securities premium which is generated in the form of cash is eligible for issue of bonus shares as per SEBI guide lines.
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