Accountancy, asked by vinu438, 4 months ago

27. Discount on issue of share is a part of share holder fund or not give it reason

Answers

Answered by ItzRiya07

Answer:

Often Shares are issued at Premium. ... Discounted prices may be offered when company is not able to pay its debts and offering it share to its creditors. Company Act 2013 strictly prohibited the companies to issue shares at discounted price. It invites penalty and imprisonment for directors.

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