[Solved] Shares cannot be issued at discount under section

Shares cannot be issued at discount under section

a) 76   

b) 75 

c) 53

d) 89

Answer: (c) Shares cannot be issued at discount under section 53 of Companies Act, 2013. Prohibition on issue of shares at discount. 1) Except as provided in section 54, a company shall not issue shares at a discount. (2) Any share issued by a company at a discounted price discount shall be void.

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