The correct answer is: C. Paying remuneration to promoters for their services
The premium received on issue of shares is a capital receipt and cannot be used for meeting revenue expenditure. Remuneration to promoters is a revenue expenditure. Hence, the premium received on issue of shares cannot be used for paying remuneration to promoters for their services.
The other options are incorrect because they are all capital expenditure.
A. Issue of fully paid bonus shares to the members of the company: This is a capital expenditure as it involves the issue of new shares.
B. Writing off discount allowed on issue of debentures of the company: This is a capital expenditure as it involves the reduction of the carrying amount of the debentures.
D. Paying premium payable on the redemption of debentures of the company: This is a capital expenditure as it involves the payment of a premium on the redemption of debentures.