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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