Securities Premium Account can be used only for the following purposes:(A) To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company;(B). Buy back of own shares.(C). To write-off the expenses of, or commission paid, or discount allowed on any securities of the company;(D). To pay premium on the redemption of preference shares or debentures of the company.Choose the correct answer from the options given below:

Section 52(2) of the Companies Act, 2013 sets strict rules on how a company can use funds from its Securities Premium Account. Allowed uses include:Writing off preliminary expenses or costs, commissions, and discounts related to issuing company securities (C).Paying for premiums due on the redemption of preference shares or debentures (D).Funding the buy-back of its own shares under Section 68 (B).Issuing fully paid bonus shares to existing members.Because statement (A) mentions partly paid bonus shares instead of fully paid ones, it is legally incorrect. Thus, only statements (B), (C), and (D) are permissible.