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Accountancy · 2026 · 1 mark
CBSE 2026 · Region 2 · Set 2 · Q11
As per Companies Act $\displaystyle 2013$, the balance in Securities Premium Account cannot be utilized for :ORWhen the company issues shares at a premium, the amount of premium can be received by the company along with :
OR
When the company issues shares at a premium, the amount of premium can be received by the company along with :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (C)
(b) → (D)
Marking-scheme solution
(C)
Issuing partly paid up bonus shares to the existing shareholders of the company.
Q. (b) When the company issues shares at a premium……….
Ans. (D) Any of the above or with all the above.
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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.