ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      The issue of shares by a company on a discount is

      prohibited and thus, it shall be ____________
      A Void Correct Answer Incorrect Answer
      B Illegal Correct Answer Incorrect Answer
      C Voidable Correct Answer Incorrect Answer
      D Unenforceable Correct Answer Incorrect Answer
      E Unauthorized Correct Answer Incorrect Answer

      Solution

      Companies Act Section 53. Prohibition on issue of shares at discount: (2) Any share issued by a company at a discount shall be void.

      Practice Next
      More Other Laws and Acts Questions
      ask-question