Section 53 of the Companies Act, 2013 does not allow issue of shares at a discount. Which of the following category of shares can be issued at a discount by a company, nonetheless?
Section 53 of Companies Act, 2013 – Issue of shares at a discount Issue of shares at a discount NOT ALLOWED. If shares issued at discount, they will be considered void Exceptions : issue of sweat equity shares shares issued at discount to creditors when its debt is converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme as per RBI guidelines Penalty in case of non-compliance company and every officer who is in default shall be liable to a penalty = amount raised through the issue of shares at a discount or Rs.5 lakh whichever is less, and company shall also be liable to refund all monies received with interest at the rate of 12% pa from the date of issue of such shares to the persons to whom such shares have been issued
The World’s largest pear shaped stainless diamond worth £ 13 million has been displayed in which country?
In which city was the World Para Athletics Championships 2023 held?
The Shanghai Cooperation Organization (SCO), established for deeper political and economic cooperation, was formed in 2001 by the leaders of the member ...
At which of the following places Ashoka did not go for pilgrimage?
What is the primary aim of the 'IndusInd Bank Samman RuPay Credit Card' launched by IndusInd Bank?
Which book was published on 23rd January 2021 marking the 125th birth anniversary of Netaji Subhash Chandra Bose?
P. Gopinathan Nair passed away on 5th July, 2022 completing 100 years of age, who was he?
Tarun Majumdar has passed away recently, who was he?
The Infant Protection Day is observed annually on?
Ministry of Defence singed Rs 3,000 crore contract signed with which company for an Advanced Communication Satellite for Indian Army?