Accountancy, asked by anilgupta23101975, 4 hours ago

Directors. of Sun Ltd. Paid dividend of 22,00,000 out of securities premium reserve. Are Directors. correct? Give reason for your answer. ​

Answers

Answered by ranimanju1287
2

Explanation:

Amount of securities premium reserve cannot be distributed as dividend. It can only be used for the purposes listed under Section 52 of the Companies Act.

Answered by somanathbai
2

Explanation:

please mark as brainlist

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