UrbanPro
true

Take ACCA Exam Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Securities Premium Sec. 52 Of CA, 2013

F
FR Prashanth Reddy
05/03/2018 0 0

Meaning:

  • Issue of share/debenture at a price more than the face value
  • The premium amount is credited to separate account called ‘Securities Premium Account
  • It is not forming part of share capital/debenture

The securities premium account may be applied by the company:

(a) In paying up unissued shares of the company to be issued to members of the company as fully paid bonus shares;

(b) In writing off the preliminary expenses of the company;

(c) In writing off the expenses of, or commission paid or discount allowed on, any issue of shares or debentures of the company; or

(d) In providing for the premium payable on the redemption of any redeemable preference shares or of any debentures of the company.

(e) Buy back of share.

Note: The word share premium has been substituted with the word “securities premium” in the Companies (Amendment) Act, 1999.

0 Dislike
Follow 6

Please Enter a comment

Submit

Other Lessons for You

Accountable Transaction
Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too....

Essential Elements of a Valid Offer
Following are the essential elements of a valid offer: The offer must be communicated to the other party: The offer is completed only when it has been communicated to the offeree. Until the offer is...

Due diligence
Due diligence is process where all material information share to the parties of transaction. Due diligence is a background check ,which help to assess the hidden liabilities and reduce the risk of non...

Trade Discount
Trade discount is an income for the buyer of goods. It is shown a net of cost of purchase and does not get accounted as a specific ledger account.

X

Looking for ACCA Exam Coaching Classes?

The best tutors for ACCA Exam Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take ACCA Exam Coaching with the Best Tutors

The best Tutors for ACCA Exam Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more