Accounting · Issue of Shares

According to the Companies Act, 2013, the Securities Premium Account can be utilized by a company for:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Meeting general revenue expenses of the business
2Payment of dividend on equity shares
3Redemption of preference shares out of capital directly
4Issuing fully paid bonus shares to its members✓

Correct answer

Issuing fully paid bonus shares to its members

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According to the Companies Act, 2013, the Securities Premium Account can be utilized by a company for:

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According to the Companies Act, 2013, the Securities Premium Account can be utilized by a company for:

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