Securities Premium cannot be used:
This question was previously asked in
Shift 12/06/2023 3:30 PM - 6:30 PM
A
to issue fully paid bonus shares
B
to write-off preliminary expenses of the company.
C
to pay premium on the redemption of preference shares or debentures of the company.
D
to pay dividend to the shareholders of the company
Correct Answer
to pay dividend to the shareholders of the company
Detailed Explanation
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