As per section 78 of the companies act, amount collected as premium on securities cannot be utilized for:

Related MCQs

• The Securities Premium amount may be utilized by a company for __________.
• Which of the following cannot be utilized for the redemption of preference shares of a company
• Securities premium account is shown on the liabilities side of the balance sheet under the head:
• Securities premium account can be used for
• Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:
• Which of the following can be utilized for the redemption of preference shares of a company out of profit:
• According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if:
• To issue shares on premium mean
• Which of the following cannot be used for the purpose of creation of capital redemption reserve account?
• Amount spent to increasing the earning capacity is a ______ expenditure