Question
Given below are two statements, one labelled as Assertion (
- A and the other labelled as Reason (
- A : ‘Securities Premium Reserve’ can be distributed as dividend. Reason (
- R . You are to examine these two statements carefully and select the answers using the code given below: Assertion (
- 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.
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