

MCQOPTIONS
Saved Bookmarks
1. |
As per section 78 of Company’s Act amount collected as premium on securities cannotbe utilized for: |
A. | Issuing fully paid bonus shares to the members |
B. | Purchase of fixed assets |
C. | Writing off Preliminary Expenses |
D. | Buy Back of its own shares |
Answer» C. Writing off Preliminary Expenses | |