Economics · Corporate Accounting - Share Capital
According to Section 52 of the Companies Act, 2013, the Securities Premium Account cannot be utilized for which of the following purposes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Issuing fully paid bonus shares to the members of the company.
- 2Writing off the preliminary expenses of the company.
- 3Providing for the premium payable on the redemption of any redeemable preference shares.
- 4Declaration and payment of dividends to the shareholders.✓
Correct answer
Declaration and payment of dividends to the shareholders.
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