According to Section 52(2) of the Companies Act, 2013, the amount of Securities Premium can be used only for the following purposes:(A) To write off preliminary expenses.(B) To make partly paid shares as fully paid up.(C) To issue fully paid bonus shares.(D) Purchase of its own shares (Buyback).Choose the correct answer from the options given below:

Under Section 52(2), the Securities Premium account can be utilized for:Issuing fully paid bonus shares (C)Writing off preliminary expenses (A)Writing off premium paid on redemption of preference shares or debenturesWriting off expenses/commission/discount on issue of shares or debenturesFor buyback of its own shares under Section 68 (D)It cannot be utilized to turn partly paid shares into fully paid up. Therefore, (A), (C), and (D) are correct uses.