Question

mention the uses of securities premium?

Answer 1

-The issue fully paid equality shares.
-to write off any loss on the issue of debentures.

Answer 2

For issuing Bonus Shares to the members of the company.

For writting off preliminary Expenses

For For buying back its own shares

For written of the expenses incurred or commission paid or discount allowed on any issue of shares or debenture of the company.

Hope it helps...

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