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.
Correct Answer: Writing off capital losses.
Solution : Answer = Writing off capital losses.
Securities Premium Reserve cannot be utilized for writing off capital losses. This is because capital losses are incurred from investments or asset sales, and utilizing premium reserves for this purpose would not be appropriate. A Securities Premium Reserve is typically used for issuing fully paid bonus shares or writing off discounts on securities. Hence, the correct option is 1.
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:
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:
Question : As per Section 53 of the Companies Act, 2013, the issue of shares at a discount shall be void, except in case of -
Question : The National Payments Corporation of India was set up under the provisions of which Act?
Question : Which section of the RBI Act empowers the Central Government to supersede the RBI board and issue directions considered to be necessary in the public interest to the RBI after consulting the Governor of the bank?
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