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      Question

      As per Schedule III of the Companies Act, 2013,

      "Securities Premium Reserve" is shown under:
      A Reserves and Surplus Correct Answer Incorrect Answer
      B Share Capital Correct Answer Incorrect Answer
      C Non-Current Liabilities Correct Answer Incorrect Answer
      D Current Liabilities Correct Answer Incorrect Answer

      Solution

      Schedule III, Part I, under "Equity and Liabilities," requires "Securities Premium Reserve" to be disclosed under the head "Reserves and Surplus."

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