Q2343
The premium received on issue of Shares cannot be used for
A.
Issue of fully paid bonus shares to the members of the company
B.
Writing off discount allowed on issue of debendtures of the company
C.
Paying remuneration to promoters for their services
AnswerD.
Paying premium payable on the redemption of debentures of the company
Answer: Option C
Solution
Answer: Option C
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