These are the options for the Question : As per Companies Act 2013, Securities Premium Balance can be utilised for which of the following purpose?
a) Issuing bonus to existing
shareholders to convert partly
paid up into fully paid-up
bonus shares.
b) Providing for Premium payable
on Redemption of Debentures.
c) Writing off all Capitalised
Expenditures
d) Buy Back of Debentures
The correct answer is – b) Providing for Premium payable on Redemption of Debentures.
