Read the following
Assertion (A): ''Share premium cannot be utilised for any purpose other than mentioned in Sec. 78 of the Companies Act."
Reason (R): "Share premium is a capital receipt."
Select the correct answer:

A. Both A and R are True and R is the correct explanation of A

B. Both A and R are true but R is not a correct explanation of A

C. A is true but R is false

D. A is false but R is true

Answer: Option B