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Question
State any two uses of Securities Premium as stated in Section 52 of the Companies Act, 2013.
Short Answer
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Solution
- To write off preliminary expenses of the company.
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To write off discount allowed or commission paid on the issue of shares or debentures.
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To issue fully paid bonus shares to existing shareholders.
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To provide premium payable on redemption of preference shares or debentures.
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To buy back own shares or securities under Section 68.
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Notes
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