As per Section 52 of the companies Act 2013 the balance in the Security Premium Account cannot be utilized for

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1.	As per Section 52 of the companies Act, 2013, the balance in the Security Premium Account cannot be utilized for
A.	payment of dividend
B.	writing off discount on issue of shares
C.	issue of fully paid-up bonus share
D.	capital losses
Answer» B. writing off discount on issue of shares

Discussion

Explore topic-wise MCQs in Legal Aspects Of Business.

As per Section 52 of the companies Act, 2013, the balance in the Security Premium Account cannot be utilized for