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 Law;

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.

Examples of Share Premium Account in a sentence

• The Directors shall in accordance with the 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.

• There shall be debited to any Share Premium Account on the redemption or purchase of a Share the difference between the nominal value of such Share and the redemption or purchase price provided always that at the determination of the Directors such sum may be paid out of the profits of the Company or, if permitted by the Companies Law, out of capital.

• 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.

More Definitions of Share Premium Account

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 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:

Share Premium Account means an account containing a sum equal to the aggregate amount or value of the premiums on Shares issued at a premium to their Par Value, whether for cash or otherwise;

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;