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Raising of sharecapital

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(Querist)
11 September 2008 Sir,

My query is can we adjust the ROC related expenses to raise the share capital against the Share premium account.

Where the entire raised share capital was issued immediately.

If so Sec.78 usage of Security premium is questionable?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
03 October 2008 Share premium can be applied by the company in wrting off of Share issue expenses which are part of preliminary expenses.

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