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Read the text carefully and answer the questions:
Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fund requirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.
Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:
  • a)
    writing off capital losses
  • b)
    issue of fully paid bonus shares
  • c)
    writing off discount on issues of debentures
  • d)
    writing off preliminary expenses
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Read the text carefully and answer the questions: Electronic Follow Pr...
SPR can not be utilised for writing off capital  losses.
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Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer?
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Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
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The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the text carefully and answer the questions: Electronic Follow Pro, a Delhi Based Company dealing the almost all types of electronic products, appointed marketing expert, Mr. Salman Khan as the CEO of the company, with a target to increase their market share from 40% to 50% for the accounting year 2022-23. Mr. Salman discussed the details of target to be achieved with all departmental heads and branch heads of all branches in Delhi. The target is to reach all backward or less developed cities of Delhi NCR, Motto of new Project is “Use More; Save More”. Selling, Distribution and Promotional expenses of the firm will increase manifold. The finance manager Mr. Sharukh was asked to prepare the budget accordingly, an additional fundrequirement of Rs. 60,00,000 is to be raised. The Finance Manager Mr. Sharukh proposed to (i) issue equity shares of Rs. 100 each for Rs. 20,00,000 (ii) 20,000 10% debentures of Rs. 100 each to the public at a premium of 5%; redeemable after 5 years at Rs. 110 per debenture. (iii) Raise a loan of Rs. 20,00,000 from Bank of India against debenture kept as an additional security.Q. As per section 52, of the companies Act, 2013, Securities Premium Reserve can not be utilised for:a)writing off capital lossesb)issue of fully paid bonus sharesc)writing off discount on issues of debenturesd)writing off preliminary expensesCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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