Question
Which of the following is true with respect to issue of
shares at a discount?Solution
Section 53. Prohibition on issue of shares at discount- Except as provided in section 54, a company shall not issue shares at a discount, (2) Any share issued by a company at a discount shall be void. (2A) Notwithstanding anything contained in sub-sections (1) and (2), a company may issue shares at a discount to its creditors when its debt is converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme in accordance with any guidelines or directions or regulations specified by the Reserve Bank of India under the Reserve Bank of India Act, 1934 or the Banking (Regulation) Act, 1949.
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called?
What is the purpose of a "loss adjuster"?
What does the preamble of an insurance policy NOT typically include?
Which of the following is NOT a type of motor insurance policy?
A policy that covers loss or damage to a householder's property is:
The period during which the owner of a deferred annuity makes payments to build up assets is called?
Identify the correct full form of GAAT?
What does the term "insured" refer to in insurance?
Which type of insurance usually requires higher premium ?
Which of the following bank is not involved in housing finance to general public?
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