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    Question

    Securities Premium Reserve can be used

    for:
    A Writing off preliminary expenses Correct Answer Incorrect Answer
    B Issuing bonus shares Correct Answer Incorrect Answer
    C Both (a) and (b) Correct Answer Incorrect Answer
    D Neither (a) nor (b) Correct Answer Incorrect Answer

    Solution

    As per Section 52 of the Companies Act, 2013, Securities Premium Reserve can be utilized for specific purposes, including writing off preliminary expenses and the premium payable on redemption of debentures, and for issuing fully paid-up bonus shares.

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