Isse of Shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2010
on approval from central Government, the rate of discount on issue of share can be ____percent of the nominal value of the shares
ans : 20
in the course material ans is not exceed 10% of the nominal value ofd shares
which ans is correct
Girish
ans : 20
in the course material ans is not exceed 10% of the nominal value ofd shares
which ans is correct
Girish
23 July 2010
Sec 79 of the companies act mentions the rate cannot be more than 10%. the CG shall not approve / sanction any resolution for issuing share at a rate higher than 10% unless it is satisfied /justified depending upon the facts.
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