— Kishore V, SME and ACW at Edumarz
The proceeds from the sale of securities can be used for the following purposes:
1. Issuing bonus shares to current owners that are completely paid up.
2. Expenses associated with the issuance of shares and debentures, such as the discount granted on the issuance of shares, are written off.
3. Deducting preliminary costs.
4. Stock repurchase.
5. To pay the premium due when debentures are redeemed.