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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.
Select the option in which the numbers are related in the same way as are the numbers of the following sets.
(14, 130, 12)
(32, 245, 17)
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
<...Select the option that is related to the fourth term in the same way as the first term is related to the second term and the fifth term is related to th...
In each of the following questions, select the related word from the given alternatives:
COVER : EMXCT :: MOUSE : ?
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
Select the option that is related to the third number in the same way as the second number is related to the first number and the sixth number is relate...
Flower : Bouquet :: ?
Choose the figure that best represents the relationship among the classes given below.
Company, School, Culture, Health
Select the odd group of numbers. (NOTE: Operations should be performed on the whole numbers, without breaking down the numbers into its constituent digi...
Select the related number from the given alternatives.
54: 25:: 78: ?