Section 52 of CA 2013 : Section 52: Application Of Premiums Received On Issue Of Shares
CA 2013
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Explanation using Example
Imagine XYZ Pvt. Ltd. issues 10,000 shares at a price of Rs. 150 per share, where the face value of each share is Rs. 100. The extra Rs. 50 collected on each share is the share premium. According to Section 52(1) of The Companies Act, 2013, the total premium amount (10,000 shares x Rs. 50 premium = Rs. 500,000) needs to be transferred to a securities premium account.
Later, XYZ Pvt. Ltd. decides to issue bonus shares to its existing shareholde...
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