Premium received on issue of shares cannot be utilised for ---------. A. for the issue of bonus shares B. for writing of preliminary expenses C. for providing premium payable on redemption D. for distribution of dividend

Premium received on issue of shares cannot be utilised for
---------.
A. for the issue of bonus shares
B. for writing of preliminary expenses
C. for providing premium payable on redemption
D. for distribution of dividend
by

1 Answer

Answer :

D. for distribution of dividend
by

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