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        Clause 59 - Amendment of section 180.

        Companies (Amendment) Bill, 2017

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        Securities premium inclusion expands corporate capital measure by amending the clause wording governing board powers. The amendment substitutes the phrase 'paid up share capital and free reserves' in clause (c) of sub section (1) of section 180 with 'paid up share capital, free reserves and securities premium,' thereby adding securities premium to the financial components referenced in that statutory clause.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Securities premium inclusion expands corporate capital measure by amending the clause wording governing board powers.

                                The amendment substitutes the phrase "paid up share capital and free reserves" in clause (c) of sub section (1) of section 180 with "paid up share capital, free reserves and securities premium," thereby adding securities premium to the financial components referenced in that statutory clause.


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