Sunday, June 17, 2012

companies bill 2011 analysis

For the purpose of buy back of shares as per clause 68 of companies bill sub clause 20 to the explanation Explanation II.—For the purposes of this section, “free reserves” includes securitiespremium account.
For the purpose of calculation of free reserves, we should take security premium account 

Please note that security premium includes shares or debentures or other securities 

The significant inclusion of securities premium accoun

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