Accountancy, asked by sandeep263, 1 year ago

State any three purposes other than ‘issue of bonus shares’ for which securities

premium can be utilized.

Answers

Answered by ashakantasharma
1
It is also used for writing off preliminary expenses.

It can also be used for writing off the expenses of or the commission paid or discount allowed on any issue of shares or debentures of the company.

It can also be used for buy back of its own shares.

It can also be used for providing for premium payable on the redemption of preference shares or debentures of the company.
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