What are the regulatory restrictions on the application of premiums received on the issue of shares under Section 52?

1
Share premiums can be distributed as dividends
2
Share premiums cannot be distributed as dividends and must be used according to specific use cases like issuing additional shares or debenture redemption
3
No restrictions, can be used freely by the company
4
Only used for employee bonuses
5
Used solely for debt repayment

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