TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Companies Must Transfer Share Premium to Securities Premium Account for Specific Uses Under Section 68</h1> When a company issues shares at a premium, the premium amount must be transferred to a securities premium account, treated similarly to paid-up share capital. This account can be used for specific purposes, such as issuing fully paid bonus shares, writing off preliminary expenses, covering expenses or discounts on share or debenture issues, paying premiums on redeemable shares or debentures, or buying back the company's own shares under section 68. Certain companies, as prescribed, may also use this account for issuing fully paid bonus shares or writing off expenses related to equity shares.
TaxTMI 
TaxTMI 
