CUET Accountancy 2022 16 July Shift 2 PYQs

The amount of Securities Premium can be used only for the following purposes:

(A) To write off preliminary expenses.

(B) To make partly paid shares as fully paid up.

(C) To issue fully paid bonus shares.

(D) Purchase of its own shares.

Choose the correct answer from the options given below:

The maximum amount of discount on the re-issue of forfeited shares will be:-

According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is: