As per M.R.T.P Act, new shares can be offered to person other than existing shareholders
(A) To Any person
(B) To Debentureholders
(C) To Directors
(D) To Creditors
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Answer:
As per MRTP Act, Debenture Holders can be offered new shares.
Explanation:
The MRTP Act stands for Monopolistic and Restrictive Trade Practice. In simpler terms, it was enacted to safeguard the interest of the consumer and keep a check on the market by regulating the price index. Debenture holders can thus be issued new shares. But the shares are limited to equity shares only.
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