State the purposes for which balance in the securities premium account may be applied.

As per Section 52(2) of the Companies Act 2013, securities premium account may be applied by the company- towards the issue of unissued shares of the company to the members of the company as fully paid bonus shares; in writing off the preliminary expenses of the company; in writing off the expenses of, or the commission paid or discount allowed on, any issue of shares or debentures of the company; in providing for the premium payable on the redemption of any redeemable preference shares or of any debentures of the company; or for the purchase of its own shares or other securities / Buy back of shares & securities; For use of internal reconstruction of company or writing of capital reduction account.