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:

According to Section 52 of the Companies Act, 2013, Securities Premium Account can be utilized only for specific purposes.

Analysis of each statement:

Statement (A) mentions issuing partly paid bonus shares. However, Securities Premium Account can only be used to issue fully paid bonus shares to members. The key word "partly paid" makes this statement incorrect.

Statement (B) regarding buy-back of own shares is a valid use of Securities Premium Account as per the Act.

Statement (C) about writing off expenses, commission, or discount on securities is correct. Securities Premium can be used to write off preliminary expenses, underwriting commission, discount on issue of shares or debentures, etc.

Statement (D) regarding payment of premium on redemption of preference shares or debentures is also a permissible use under the Act.

Since statement (A) is incorrect due to the mention of "partly paid" (should be "fully paid"), only statements (B), (C), and (D) are valid uses of Securities Premium Account.

Option 4: (B), (C) and (D) only is the correct answer.