Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

The amount of share premium can be utiised by the company as under:
(i) To issue bonus share on fully paid up shares. (ii) To write off preliminary expenses of the company. (iii) To write off the amount of redeemed premium if debentures,are to be with premium. (iv) Expenses made during the issue of shares or de1inture by the company, to write off discount or underwriting commission or brokerage expenses.