As per Section 52 of Companies Act 2013, Securities Premium can be used for: writing off preliminary expenses (B), premium on redemption of debentures/preference shares (D), and buy back of shares (E). Bonus shares issued must be fully paid (not partly paid), so C is wrong. Returning excess application money is not a permitted use.
Securities premium Reserve can be utilised A. to return excess money received on application B. to write off preliminary expenses C. to issue partly…
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
Securities premium Reserve can be utilised ___
A. to return excess money received on application
B. to write off preliminary expenses
C. to issue partly paid bonus shares
D. for premium paid on Redemption of Debentures or preference shares
E. for buy back of shares
Choose the correct answer from the options given below:
Official previous-year question
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Options
- A
A, B, C only
- B
B, C, E only
- C
C, D, E only
- D
B, D, E only
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