Subject:
AccountancyAuthor:
pierceromanCreated:
1 year agoSecurities premium is a capital amount. Hence, securities premium cannot be used as a source to declare a dividend. The Companies Act allows bonus shares to be issued from the securities premium. However, the issue should be authorised by the members of the company.
Author:
cheesestick6z5d
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15Answer:
to pay the bank overdraft
Author:
elenahunter
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6