Question
What are the exceptions to the Prohibition on the issue
of shares at a discount?Solution
Section 53.Prohibition on issue of shares at discount - (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.
In the question, assuming the given statements to be true, find which of the following conclusion(s) among the two conclusions is/are true and then giv...
Statements: B < C ≤ D < A ≥ Y
Conclusion: I. A > B II. Y < C
...Statements: R % B, B & T, T @ E, E % G
Conclusions : I. T $ R II. R @ E III. B @ G
...Statements: I < W = T ≤ H = C ≤ Y, Y > N ≥ E
Conclusions:
I. Y ≥ W
II. H > E
III. N < T
In which of these expression ‘J > B’ is definitely True?
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statements: P % Q, Q & R, R $ S, S # Z
Conclusions:
I. P & R
II. R # Z
Which of the following expressions will be true if the given expression ′S > T ≥ U < V < W′ is definitely true?
Statements: M ≥ G > K = Y; A ≥ Z ≥ E > M = I
Conclusions:
I. A ≥ I
II. K < E
III. I > G
Statements: B > C, D > E, C = F, A ≥ F, D = A
Conclusion:
I. B ≥ E
II. E > B
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