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.

Question : The National Payments Corporation of India was set up under the provisions of which Act?

Option 1: The SARFAESI Act, 2002

Option 2: Payment and Settlement Systems Act, 2007

Option 3: Government Securities Act, 2006

Option 4: Companies Act, 2013

Question : During the year ending on 31st March 2018 — 25%What should be the minimum investment or deposit by Universal  Ltd. to meet the requirements of the Companies Act, 2013 and Rules before the redemption of debentures and When?

Option 1: On or Before 30th April,2016 and RS 45,000

Option 2: On or before 30 April 2017 and Rs 75,000

Option 3: On or before 30 April 2018 And Rs 75,000

Option 4: None of the above

Question : During the year ending on 31st March, 2017 — 15% What should be the minimum investment or deposit by Universal  Ltd. to meet the requirements of the Companies Act, 2013 and Rules before the redemption of debentures and When?

Option 1: On or Before 30th April, 2016 and Rs 45,000

Option 2: On or before 30 April 2017 and Rs 45,000

Option 3: On or before 30 April 2018 and Rs 30,000

Option 4: None of the above