Adjustment of loans against share premium

As per Scetion 78 of Companies act 1956, securities premium can be used only for the following purposes :

a.) For issue of bonus shares

b.) For redemption of premium amount only while redeeming preference shares at premium. Entire redemption cammot be made out of securities premium.

c.) For writting of miscellaneous expenses

d.) For writing of discount on issue of shares.