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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.
On the occasion of National Sports day 29th August the Ministry of Sports hosted the ‘Meet the Champion Project’ across ____ schools in the country?...
The founder of ________ Areez Pirojshaw Khambatta has passed away recently at the age of 85 years who was suffering from prolonged illness.
What is the Child Sex Ratio of Uttar Pradesh (0-6 Years Age Group) in 2011 Census?
Kanpur city was established in which of the following year?
Who is not recognized as a level of government in India?
Who emerged victorious in the 133rd edition of the Durand Cup by defeating Mohun Bagan Super Giant?
Recently who has launched the ‘Pradhan Mantri TB Mukt Bharat Abhiyan’ and ‘Ni -kshay 2.0’ portal?
Sunderbans, which was in discussion recently, is the world's ____ largest mangrove forest area, which is located on the delta of Ganga, Brahmaputra an...
Which of the following reservoirs is partly in Uttar Pradesh and in Madhya Pradesh?
Recently in which state of India the first Drone Healthcare 2022 service has been started by Redcliffe Lab?