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.
What is the primary goal of the 'One DAE One Subscription' (ODOS) initiative inaugurated at Tata Memorial Hospital in Mumbai?
Robin Uthappa , an Indian cricketer, was recently named as the brand ambassador for the ___________-Brain Health Initiative.
Who is India's youngest boxing referee at the Paris Olympics 2024?
What is the primary component of an eggshell?
Which method was used to date the cave painting in the Leang Karampuang cave?
Where was the book launch event for Confessions of a Shakespeare Addict held?
India is set to make an impression on the global stage as the country participates for the first time at the Annecy International Animation Festival (AI...
Of which Indian states are the handwoven Rayagada Shawls crafted by the Dongria Kondhs poised to receive a Geographical Indication (GI) tag?
Who replaced Gabriel Attal as the Prime Minister of France in 2024?
__________ government has declared 5,151.60 hectares of swamp/wetlands in Villupuram district as Kazhuveli Wetland Birds Sanctuary.
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