Question
The issue of shares by a company on a discount is
prohibited and thus, it shall be ____________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.
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105Â Â Â Â Â Â 112Â Â Â Â Â Â 133Â Â Â Â Â Â Â 168Â Â Â Â Â Â 216Â Â Â Â Â Â 280Â Â Â Â Â Â 357
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