Lex comply

    Share Premium Account

    Posted By : Sachin / Published on : 07-Oct-2021 12:02 PM / View : 89 / Comment : 0
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    Dear All,

    Can the amount in Share Premium Account be utilised to buy land and buildings, machineries etc or should it be used only for purposes mentioned in Section 52 of the Act. If it cannot be used for any other purpose other than those mentioned in Section 52, then what is the purpose of issue of shares at a premium.

    Kindly share your opinions please.
    Read more on : account premium share

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