As per Section 52 of the Companies Act, 2013, Securities Premium Reserve can be used for: writing off preliminary expenses (B), providing for premium on redemption of preference shares or debentures (D), issuing fully paid bonus shares (E), writing off share/debenture issue expenses or discount, and buy-back of shares. Writing off goodwill and issuing shares to existing shareholders are not permitted uses.
Securities Premium Reserve can be used to: A. Issue new shares to existing shareholders B. Write off Preliminary expenses C. Writing off of Goodwill…
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
Securities Premium Reserve can be used to:
A. Issue new shares to existing shareholders
B. Write off Preliminary expenses
C. Writing off of Goodwill
D. Premium on Redemption of debentures
E. Issue fully paid Bonus Shares
Choose the correct answer from the options given below:
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
A, B, C only
- B
B, D, E Only
- C
A, C, D only
- D
B, C, E only
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