Walnut Limited has an authorized share capital of 1,00,000 equity shares of `100 per share and an
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Walnut Limited has an authorized share capital of 1,00,000 equity shares of `100 per share and an amount of `3 crores in its Share Premium Account as of 31-3-2018. The Board of Directors seeks your advice about the application of a share premium account for its business purposes. Please give your advice.
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