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प्रश्न
Can securities premium be utilised for the purchase of fixed assets? Give reason.
कारण सांगा
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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:
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Writing off preliminary expenses
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Issuing fully paid bonus shares
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Paying premium on redemption of shares/debentures
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Writing off discount/commission on issue of securities
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Buyback of securities
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