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As per Companies Act 2013, Securities Premium Balance can be utilised for which of the following purpose?

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As per Companies Act 2013, Securities Premium Balance can be utilised for which of the following purpose?

a) Issuing bonus to existing shareholders to convert partly paid up into fully paid-up bonus shares.

b) Providing for Premium payable on Redemption of Debentures.

c) Writing off all Capitalised Expenditures

d) Buy Back of Debentures

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1 Answer

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Correct option is b) Providing for Premium payable on Redemption of Debentures.

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