Start learning 50% faster. Sign in now
The assertion that 'Securities Premium Reserve' can be distributed as dividend is false. According to section 52 of the Companies Act, the amount in the securities premium reserve cannot be distributed as dividends. It can only be used for specific purposes such as issuing fully paid bonus shares, writing off preliminary expenses, and buy-back of shares, among others. Therefore, the reason correctly explains that the securities premium reserve cannot be used for dividend distribution and can only be used for the specified purposes under section 52.
Which among the following is INCORRECT about the salient features of the 73rd Amendment Act?
To whom was the ‘I-League’ trophy handed in 2019-20?
Match List-I with List-II and select the correct answer using the codes given below the lists.
The request/reply protocol for exchanges on the internet network is called:
Padma Vibhushan awardee, Pandit Birju Maharaj was a _________ dancer of India.
Land, labour, capital and entrepreneurship are examples of ___________.
According to a report by the UN Conference on Trade and Development (UNCTAD), the Cross-border investment in climate change mitigation and adaptation is...
The National Logistic Portal (marine) (NLP) is a project of national importance, as envisaged by the Ministry of Ports Shipping Waterways and the Minist...
As per Renewable Fuel Association data, _________ was the world's largest producer of ethanol in the year 2020.
Which Satellite-Based Augmentation System (SBAS) holds the distinction of being the world's first to be certified for approach with vertical guidance an...