Which of the following is not a purpose for which the securities premium amount can be used?

The securities premium amount cannot be used to issue to issue partly paid up bonus shares to shareholders, as the shares are partly paid up.

It can only be used for

(i) To issue fully paid-up bonus shares to the shareholders

(ii) To write off preliminary expenses of the companies

(iii) To write off the commission paid or expenses on issue of shares/debentures

(iv) To pay premium on the redemption of preference shares or debentures of the company

Buy bank of equity shares and other securities as per section 68.