Securities Premium definition

Securities Premium means the line-item classified as securities premium as presented in the balance sheet of the Transferee Company, forming part of the reserves and surplus of the Transferee Company;
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Securities Premium means the total amount of Rs. 6,122.40 million being Securities Premium in the books of ‘IECCL’ remaining after utilizing Rs.173.60 million towards the issue of bonus shares to the Preference Shareholders post 31st March, 2011.
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Securities Premium has the meaning specified in Section 12.04(a).
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Examples of Securities Premium in a sentence

  • The Securities Premium recorded by the Transferee Company on issue of shares under this clause, shall be considered by the Transferee Company for giving effect to provisions of Clause 10 of the Scheme.

  • Demerged Company, Resulting Company 1 and Resulting Company 2 shall not be obliged or required to call for a separate meeting of the shareholders/creditors to obtain their approval for sanctioning the reduction of Securities Premium Account and/or Equity Share Capital.

  • As an integral part of this Scheme and upon the coming into effect of this Scheme, the Reserve and Surplus shall be reduced by utilizing Capital Redemption Reserve/ Securities Premium Account amounting to Rs. 34,231,000/- for the purpose of adjusting / writing off Goodwill on de-merger.

  • Notwithstanding the reduction in the paid up share capital and utilization of the Securities Premium Account of FSRL, FSRL shall not be required to add “And Reduced” as suffix to its name.

  • The amount, as on the Appointed Date, lying to the credit of Securities Premium Account will be utilized first to set-off deferred tax assets recognized in respect of brought forward business losses and the balance to set-off deferred tax assets recognized in respect of unabsorbed deprecation with no further act or deed on the part of Transferor Company.

  • Securities Premium Reserve is used to record the premium on issue of shares.

  • The adjustment of the Securities Premium Account would not have any impact on the shareholding pattern of the Transferor Company nor would it have any adverse impact on the creditors of the Transferor Company.

  • The Transferor Company shall not, nor shall be obliged to, (i) call for a separate meeting of its shareholders and creditors for obtaining their approval sanctioning the reduction of the Securities Premium Account of the Transferor Company; or (ii) obtain any additional approvals / compliances under section 66 of the Act.

  • The utilization of Securities Premium Account, as above, shall be effected as an integral part of the Scheme itself in accordance with the provisions of Section 78 and Section 100 to 103 of the Act.

  • In case of any difference in accounting policy between PRIL in respect of the Mall Management Undertaking & Project Management Undertaking and FMML, the impact of the same till the Appointed Date, will be quantified and adjusted in the Securities Premium Account of FMML arising in (v) above, to ensure that the financial statements of FMML reflect the financial position on the basis of consistent accounting policy.