Answer-State which statement is incorrect:

Explanation In case of merger, both equity or preference shares can be issued to the shareholders of the transferor company. Statement c is incorrect.

Question

State which statement is incorrect:

A In case of merger – We can issue either preference shares or equity shares to PSH.

B In case of merger – We can issue only preference shares to PSH.

C In case of purchase – We can issue either preference shares or equity shares to PSH.

D None of the above.

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State which statement is incorrect:

Solution