Shares Issued at Premium(section 52)
Shares Issued at Premium( section 52):
It is
that situation where company issue share more than its have clue nominal value
/ face value. This extra amount is called share premium. Example, where face value of company is Rs. 100 and company
issue it at Rs. 200, here Rs 100 is share premium
Treatment of security Premium
Amount of security premium is credited to separate account called security premium account. It is not part of capital. It is shown on liabilities side of balance sheet under the sub-head reserve and surplus( Heading shareholder’fund).
According to section
52 of company Act 2013, security premium may be used by company for the
following purpose
a) For issuing Bonus shares
b) To write off preliminary expenses of company
c) To write off expenses, commission, and discount allowed on any securities and debenture of company.
d) To pay premium on redemption of preface share or debenture of company
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