Give any two uses of amount of securities premium reserve. – InterviewSolution

1.

Give any two uses of amount of securities premium reserve.

Answer»

The amount of securities premium reserve can be used only for the following purposes :

To write off the preliminary expenses of the company.
For issuing fully paid bonus shares to the shareholders of the company.
For buyback of company’s own shares.
For writing off expenses incurred at the time of issue of shares or debentures of the company.

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