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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.