Advertisements
Advertisements
प्रश्न
State any three purposes other than 'issue of bonus shares' for which securities premium can be utilized.
Advertisements
उत्तर
As per the Section 78 of the Companies Act of 1956, the amount of securities premium can be used by the company:
1) To issue fully paid bonus shares to the members.
2) To write-off preliminary expenses of the company
3) To buy-back its own shares or other securities.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
