Premium received on issue of shares cannot be utilized for ---------.

Related MCQs

• If 500 shares of 10 issued at a premium of 1 on which 9 (including premium) have been called and 7 including premium have been paid are forfeited, the forfeiture account should be credited by :
• Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• Premium received on issue of shares is shown on-----------.
• As per section 78 of Company’s Act amount collected as premium on securities cannot be utilized for:
• A company issued 2000 equity shares which were underwritten by A. The company received applications for 2400 shares. Hence A will get his commission on the issue price of
• When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to
• Premium received on issue of debentures may be utilised for
• Premium on issue of shares can be used for
• Premium on the issue of shares should be shown :