Preliminary expenses are shown in the Balance Sheet under which head as per Schedule III of the Companies Act 2013?

Deducted from securities premium reserve

The correct answer is option 4- Deducted from securities premium reserve.

As per Schedule III of the Companies Act 2013, preliminary expenses are to be written-off completely in the year in which such expenses are incurred. They should be written-off first from securities premium and the balance if any, from statement of profit & loss.