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of <h1>Rules for Using Securities Premium Account: Issuing Bonus Shares, Writing Off Expenses, Share Buybacks</h1> When a company issues shares at a premium, the premium amount must be transferred to a 'securities premium account,' treated similarly to paid-up share capital. This account can be used for issuing fully paid bonus shares, writing off preliminary expenses, covering issue-related expenses or commissions, paying premiums on redeemable shares or debentures, and purchasing the company's own shares under specific conditions. Certain companies, compliant with prescribed accounting standards, may use the account for issuing bonus shares, writing off equity share issue expenses, or repurchasing shares or securities.
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