Securities Premium Reserve can be used to:A. Issue new shares to existing shareholdersB. Write off Preliminary expensesC. Writing off of GoodwillD. Premium on Redemption of debenturesE. Issue fully paid Bonus SharesChoose the correct answer from the options given below:

Under Section 52(2) of the Companies Act, 2013, the Securities Premium Reserve can be used strictly for the following purposes:Writing off preliminary expenses of the company (B).Providing for the premium payable on the redemption of any redeemable preference shares or debentures of the company (D).Issuing fully paid bonus shares to the members (E).Writing off expenses of, or commission paid, or discount allowed on any issue of shares or debentures.For the purchase of its own shares or other securities (buy-back).It cannot be used for writing off goodwill (C) or regular dynamic distributions. Hence, B, D, and E only are correct.