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Corporate & Other Laws

pls elaborate the paragraph (vii) , every line seems to be same...!!! Give me clear explanation in few words

Divya K

CA Inter

★ 885

21-Apr-22 10:00

228

Answers (1)

Best Answer

Premium for redemption of PSC for companies for whom AS compulsory u/s 133 - Securities premium cannot be used and only general reserve and P&L balance can be used for CRR Premium for redemption of PSC which are issued on before Companies Act 2013 - Securities premium can be used along with general reserve and P&L balance