Correct Answer: All of the above

Solution : Answer = All of the above

According to Section 52(2) of the Companies Act, securities premium may be used wholly or in part for the following:

1. Paying up in issued shares of the company to be issued to members of the company as fully paid-up bonus shares.
2. Writing off the preliminary expenses of the company.
3. Writing off the expenses of, or the commission paid or discount. allowed on, any shares or of any debentures of the company.
4. Providing for the premium payable on the redemption of any redeemable preference shares or of any debentures of the company.
5. To buck its own equity shares.