Economics · Corporate Accounting
Under Section 52(2) of the Companies Act, 2013, the Securities Premium Account can be applied for which of the following purposes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Payment of remuneration to directors
- 2Payment of commission to managers
- 3Payment of dividend to shareholders
- 4Issue of fully paid bonus shares to members✓
Correct answer
Issue of fully paid bonus shares to members
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