Accounting · Issue of Shares
According to Section 52(2) of the Companies Act, 2013, the Securities Premium Account can be utilized for which of the following purposes? A. To return excess application money received. B. To write off preliminary expenses of the company. C. To issue fully paid bonus shares to members. D. To provide for the premium payable on the redemption of any redeemable preference shares or debentures. E. For the purchase of its own shares (buy-back).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A, B, and E only
- 2B, C, D, and E only✓
- 3A, C, D, and E only
- 4A, B, C, and D only
Correct answer
B, C, D, and E only
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