https://www.taxtmi.com/circulars?id=10934 For the purpose of computing net owned funds under Rule 3(2) of the Companies (Acceptance of Deposits) Rules, 1975, the balance shown in the share premium account is to be treated as part of the company's paid up share capital and not as free reserves, thereby determining the amount available within the ceiling for acceptance of public deposits. en-us Fri, 15 Apr 1977 00:00:00 +0530 Fri, 17 Jun 2011 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10934 For the purpose of computing net owned funds under Rule 3(2) of the Companies (Acceptance of Deposits) Rules, 1975, the balance shown in the share premium account is to be treated as part of the company's paid up share capital and not as free reserves, thereby determining the amount available within the ceiling for acceptance of public deposits. Circulars Companies Law Fri, 15 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10934