Q1236
A company may issue, at a discount share in the company of a class already issued if:
A.
It is authorised by a resolution passed at the General Meeting and approved by the Company Law Board
B.
At least one year has elapsed since the receipt of the certificate to commence business
C.
The particulars of the discount allowed on the issue of shares are clearly mentioned in the prospectus issued
D.
All the above conditions are fulfilled
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board