Accounting · Company Accounts
A company has ₹5,00,000 in its Securities Premium Account. It decides to: 1. Write off Preliminary Expenses of ₹1,00,000. 2. Write off Discount on Issue of Debentures of ₹50,000. 3. Issue Fully Paid Bonus Shares of ₹2,00,000. 4. Pay a Cash Dividend of ₹1,00,000. Which of these actions is NOT a permitted use of the Securities Premium Account under Section 52 of the Companies Act 2013?
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