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Why securities premium money can not be used for payment of cash dividend among shareholders?

+2 votes

asked Jan 3, 2018 in Class 12 by kratos

Why securities premium money can not be used for payment of cash dividend among shareholders?

class-12
accounting for share capital and debenture

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1 Answer

+5 votes

answered Mar 11, 2021 by kratos

Best answer

It is restricted under section 78 of Indian Companies Act.

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