The rate of discount on issue of shares can not exceed ________ percentage of the nominal value of the shares.

5

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20

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15

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10

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Solution

The correct option is D $10$
The issue at a discount is authorized by a resolution passed by the company in the general meeting & sanctioned by the company law board. The maximum rate of discount must not exceed 10% or such rate as the company law board may permit.

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The rate of discount on issue of shares can not exceed ________ percentage of the nominal value of the shares.

The correct option is D 10The issue at a discount is authorized by a resolution passed by the company in the general meeting & sanctioned by the company law board. The maximum rate of discount must not exceed 10% or such rate as the company law board may permit.

The correct option is D $10$
The issue at a discount is authorized by a resolution passed by the company in the general meeting & sanctioned by the company law board. The maximum rate of discount must not exceed 10% or such rate as the company law board may permit.