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.
Statements: All cans are vessels.
Some vessels are jars.
All jars are containers.
Some container...
Statement:
Some P are Q
Only a few R are S.
Only a few S are T.
Some S are P.
Conclusion:
I. All R can b...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Some plates are spoons.
All spoons are cups.
No cup is a fork.
Conclusions:
I. Some plates are cup...
Statements :
All sparrows are parrots.
No parrot is bird.
All birds are peacocks.
Conclusions:
I. Some birds are ...
have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given co...
Conclusions:
I. Some Flats are Buildings.
II. Some Apartments are Flats.
III. No Building is a Roof.
Statements:
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement: S < T ≥ O = R; T < V
Conclusion:
I. V > S
II. R < V
Statements : Some eggs are chickens.
No chicken is a hen.
No hen is a pigeon.
Conclusions : I. Some eggs may be hens.
II....
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