Accountancy, asked by nikhilsingh5d, 5 months ago

Subject to the permission allowed , the maximum allowable discount on equity shares is​

Answers

Answered by chravi7937reddy
0

Answer:

The maximum rate of discount must not exceed 10% or such rate as the company law board may permit. The shares to be issued at a discount must be issued within two months of the sanction by the company law board or within such extended time as the company law board may allow.

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