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Question
As per Section 52 of Companies Act 2013, Securities Premium Reserve cannot be utilised for ______.
Options
Writing off capital losses
Issue of fully paid bonus shares
Writing off discount on issue of securities
Writing off preliminary expenses
MCQ
Fill in the Blanks
Solution
As per Section 52 of Companies Act 2013, Securities Premium Reserve cannot be utilised for writing off capital losses.
shaalaa.com
Accounting for Share Capital
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