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

Explore topic-wise MCQs in Testing Subject.

This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.

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

Previous Next

Explore topic-wise MCQs in Testing Subject.

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