Section 78(2) restrictions

Others 971 views 1 replies

Why does Sec 78(2) of the Companies Act, 1956 lays down that Securities Premium A/c may be applied only for specified purposes?

Replies (1)

sorry for posting in the wrong forum. I have reposted the question here:

/forum/messages/2008/8/13234_section_78_2_restrictions.asp


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