MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Issue of Shares at Discount

Which of the ...

Question

Which of the following section of the Companies Act, 2013 prohibits to issue of shares at discount?

A

Section 53

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Section 54

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Section 55

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Section 56

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Section 53
Section 53 of the Companies Act, 2013 prohibits to issue of shares at discount. It means this section prevents the process of issuing shares at a less price than the actual price.

Suggest Corrections

thumbs-up

0

Similar questions

Q. According to the Companies Act,

2013

, a company may issue fully paid up bonus shares to its members, out of ___________.

Q. The term company Limited by shares is defined in section _________ of Companies Act,

2013

.

Q. Assertion :Under the provisions of new Company Act 2013, a company may issue fully paid-up bonus shares out of its free reserves, security premium account and the capital redemption reserve account. Reason: According to the new provisions of Company Act, 2013, no issue of bonus shares shall be made by capitalising reserves created by the revaluation of assets.

Q. What do you mean by the term ‘share’? Discuss the type of shares, which can be issued under the Companies Act, 2013 as amended to date.

Q. The term "Share" is defined in section ___________ of the Companies Act,

2013

.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Issue of Shares at a Premium or a Discount

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Issue of Shares at Discount

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon