Question

premium on issue of shares can be used for ​

Answer 1

Answer:

• Securities Premium Account can be used for writing off any preliminary expenses of the company. To write off expenses of issue of shares and debentures, such as commission paid or discount given on the issue of shares. ... And finally, it can be utilized by the company to buy back its own shares.

Answer 2

Answer:

Securities Premium Account can be used for writing off any preliminary expenses of the company.

To write off expenses of issue of shares and debentures, such as commission paid or discount given on the issue of shares. ...

And finally, it can be utilized by the company to buy back its own shares.