Question

As per SEBI guidelines, a new company (Les than 12 months) without any track record can issue share at a premium
True or false ​

Answer 1

Answer:

A new company which has not completed 12 months of commercial operations will not be allowed to issue shares at a premium. ... If an existing company with a 5-year track record of consistent profitability, is promoting a new company, then it is allowed to price its issue.

Explanation:

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