Question
Given below are two statements, one labelled as
Assertion (A) and the other labelled as Reason (R). You are to examine these two statements carefully and select the answers using the code given below: Assertion (A): ‘Securities Premium Reserve’ can be distributed as dividend. Reason (R):Amount of securities premium reserve cannot be distributed as dividend. It can only be used for the purposes listed under section 52 of the Companies Act.Solution
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.
1. Shaila and Jasmine, two young artists, shared a small flat.
P. She had pneumonia.
Q. Jasmine fell very seriously ill one day.
...In Each question below has a sentence with five highlighted words that are jumbled. You need to rearrange them in the correct order to make a coherent s...
Which of the following is the sixth (last) sentence after rearrangement?
Choose the correct statement as your answer.
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A) And with noise, many sounds are filtered out.
B) Modern life is so noisy nowadays, it is the noisiest it has ever been in history.
C) A...
1. We know that
P. legitimate and more acceptable
Q. democratic debate
R. is what makes
S. democratic decisions more
6. than any others.
She got so scared with
P. married a disabled man
Q. the thought of living alone
R. that she finally
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In the question below, a sentence is given, divided into parts and jumbled, which when arranged will form a logical and coherent sentence. One of the p...
