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Give Any One Purpose for Which the Amount Received as ‘Securities Premium’ May Be Utilised. - Accountancy

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Give any one purpose for which the amount received as ‘Securities Premium’ may be utilised.

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Solution

As per the Section 78 of the Companies Act of 1956, states the use of the amount received as ‘Securities Premium’ one of which is the issue of bonus shares to the members of the company.

Concept: Theory on Shares
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