1.

Assertion (A): Star plus Ltd can use Securities Premium received is capital profit and can be transferred to Capital Reserve.Reason (R): Companies Act, 2013 specified the specific purposes for which securities.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.

Answer»

Correct option is (D) Assertion (A) is false but Reason (R) is true.



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