Issue of share at a discount must be authorised by a resolution passed by the company in general meeting and duly sanctioned by the central government.
True
Or
False
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Answer:
False
Explanation:
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taniamodak56:
Thank you
most welcome dear
A new company set up by existing companies with five years track record can issue share at premium provided:
A) Participation of existing companies are not less than 50 percent.
B) Prospectus contains justification for issue price.
C) The issue price is made application to all new investors uniformly.
D) All of the above.
A) Participation of existing companies are not less than 50 percent.
B) Prospectus contains justification for issue price.
C) The issue price is made application to all new investors uniformly.
D) All of the above.
sorry I don't know
Okay dear
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