Companies Act, 2017

PART-V

COMMISSION, DISCOUNT AND PREMIUM

Companies Act, 2017 PART-V COMMISSION, DISCOUNT AND PREMIUM From: 2023-11-01 - To: 0000-00-00 81. Application of premium received on issue of shares- (1) If a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount or the value of the premiums on those shares must be transferred to an account, called “the share premium account”. (2) Where, on issuing shares, a company has transferred a sum to the share premium account, it…