Question : Amount of securities premium can be utilized for.

 

Option 1: Writing off the preliminary expenses of the company 

Option 2: Issuing bonus share to the shareholders of the company

Option 3: Buy back of its own shares 

Option 4: All of the above

Question : Amount of securities premium can be utilized for.

Option 1: Writing off the preliminary expenses of the company 

Option 2: Issuing bonus share to the shareholders of the company

Option 3: Buy back of its own shares 

Option 4: All of the above

Question :  Securities Premium Reserve can be utilised for the purposes of

Option 1: Writing off preliminary expenses

Option 2: Writing off expenses such as share issue expenses, commission, discount allowed on issue of Securities

Option 3: Providing for the premium payable on redemption of debentures or Preference Shares

Option 4: All of the Above

Question : The sum obtained as a premium on securities cannot be used for the following, according to Section 52(2) of the Companies Act, 2013:

Option 1: Writing off preliminary Expenses

Option 2: Buy back of its own shares

Option 3: Purchase of Fixed Assets

Option 4: Premium Payable on Redemption of Prefrence share

Question : The amount of Securities Premium Reserve Account is utilised for the purposes specified in Section 52(2) of the Companies Act, 2013. The purposes for which Securities Premium Reserve can be used are:

Option 1:

for writing off preliminary expenses

Option 2: for writing off expenses of, or commission paid or discount allowed on debentures of the company

Option 3: for providing premium payable on the redemption of redeemable preference shares or debentures of the company

Option 4: All of the above

Question : As per Section 52 of Companies Act 2013, Securities Premium Reserve cannot be utilised for ___________.

Option 1: Writing off capital losses.

Option 2: Issue of fully paid bonus shares.

Option 3: Writing off discount on issue of securities.

Option 4: Writing off preliminary expenses.