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Question
The maximum rate of premium at which shares can be issued is ________________.
The maximum rate of premium at which shares can be issued is ________________.
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Solution
The correct option is D There is no limit
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.
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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