If an amount that corresponds to the amount representing the premiums, or part of the premiums, on shares issued by a company that, as a result of relief (if any) under this Division, is not included in the company’s share premium account, the amount can also be disregarded in determining the amount at which shares or other consideration provided for the shares issued is to be included in the company’s balance sheet.
Check the current authoritative text and amendment history before relying on a provision.