https://www.taxtmi.com/acts?id=15487 Premiums on shares must be transferred to a securities premium account treated as paid-up share capital for reduction restrictions; that account may be applied to issue fully paid bonus shares, write off preliminary or issue-related expenses and commissions, provide for redemption premiums on redeemable instruments, and fund purchase of the company's own shares or securities, with prescribed classes of companies meeting accounting standards allowed specific additional uses for equity issues and buybacks. en-us Mon, 19 Dec 2011 18:09:35 +0530 Mon, 19 Dec 2011 18:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15487 Premiums on shares must be transferred to a securities premium account treated as paid-up share capital for reduction restrictions; that account may be applied to issue fully paid bonus shares, write off preliminary or issue-related expenses and commissions, provide for redemption premiums on redeemable instruments, and fund purchase of the company's own shares or securities, with prescribed classes of companies meeting accounting standards allowed specific additional uses for equity issues and buybacks. Act-Rules Bill Mon, 19 Dec 2011 18:09:35 +0530 https://www.taxtmi.com/acts?id=15487