Advertisements
Advertisements
प्रश्न
Can securities premium be utilised for the purchase of fixed assets? Give reason.
कारण बताइए
Advertisements
उत्तर
No, securities premium cannot be utilised for the purchase of fixed assets.
Reason:
As per Section 52(2) of the Companies Act, 2013, the use of securities premium is restricted to specific purposes such as:
-
Writing off preliminary expenses
-
Issuing fully paid bonus shares
-
Paying premium on redemption of shares/debentures
-
Writing off discount/commission on issue of securities
-
Buyback of securities
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
