Share Premium Account definition

Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

Share Premium Account means the share premium account established in accordance with these Articles and the Law;

Examples of Share Premium Account in a sentence

• The Directors shall in accordance with the Companies Act establish a Share Premium Account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the issue of any Share.

• When shares are issued at a premium to their nominal value, the “capital profit” arising on their allotment must be held in a Share Premium Account, which is not distributable in the ordinary course and may be utilised only in certain limited circumstances.

• Share issue expenses are adjusted from Share Premium Account in terms of Section 52 of the Companies Act, 2013.

• The Directors shall in accordance with the Companies Law establish a Share Premium Account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the issue of any Share.

• Provided that any Share Premium Account and Capital Redemption Reserve and any profits which are not available for distribution may only be applied hereunder in the paying up of new shares to be allotted as fully paid.

More Definitions of Share Premium Account

Share Premium Account means the account of the Company which the Company is required by the Statute to maintain, to which all premiums over nominal or par value received by the Company in respect of issues of shares from time to time are credited.

Share Premium Account means the share premium account established in accordance

Share Premium Account means a Person who is registered as the holder of one or more Shares in the Register; means the share premium account established in accordance with these Articles and the Companies Act;

Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act. “signed” means bearing a signature or representation of a signature affixed by mechanical means.

Share Premium Account means the account established pursuant to article 111(1);

Share Premium Account means the share premium account referred to in section sixty-one; "share warrant" means a share warrant issued pursuant to section sixty-nine;

Share Premium Account the share premium account established in accordance with these Articles and the Law; Special Resolution: a resolution that is described as such in its terms: