ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    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

    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

    Relevant for Exams:

    ask-question