Practicing Success
Practicing Success
CUET Preparation Today
| Security Premium Reserve can be utilized for which of the following purpose? |
Purchasing Assets
Purchasing stock
Setting off losses
Writing off Preliminary Expenses of the company
|
| Writing off Preliminary Expenses of the company |
| According to Section 52 of the Act, securities premium can be used for the following purposes: 1.For the issue of fully paid bonus share capital. 3. For meeting the preliminary expenses incurred by the company. 4.For meeting the expenses, commission or discount incurred concerning securities previously issued by the company. |
