Question : As per Section 53 of the Companies Act, 2013, the issue of shares at a discount shall be void, except in case of -
Option 1: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.
Option 2: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or merger scheme.
Option 3: A company may issue share at a discount to its debtors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.
Option 4: None of the Above
Correct Answer: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.
Solution : As per Section 53 of the Companies Act, 2013, a company shall not issue shares at a discount, any shares issued by the company at a discount shall be void. However, the Company may issue shares at a discount to its creditors when its debt is converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.
Hence the correct answer is option 1.
Question : As per Section 52 of Companies Act 2013, Securities Premium Reserve cannot be utilised for ___________.
Question : The sum obtained as a premium on securities cannot be used for the following, according to Section 52(2) of the Companies Act, 2013:
Question : Pitts India Act of was a/an
Question : The amount of Securities Premium Reserve Account is utilised for the purposes specified in Section 52(2) of the Companies Act, 2013. The purposes for which Securities Premium Reserve can be used are:
Question : Which of the following statements is false?
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