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.

Choose the correct answer from the options given below:

(A), (C) and (D) only

The correct answer is Option (2) → (A), (C) and (D) only