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Commerce · Q914

Accounting

Graduate and Post Graduate · Commerce · question 914

Q914

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

A.
payment of dividend
Answer
B.
writing off discount on issue of shares
C.
issue of fully paid-up bonus share
D.
capital losses

Answer: Option A

Solution

Answer: Option A
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