Pls help me friends=> State, with reasons in brief, wheather the following statements are correct or Incorrect=> . . . (1) A company may issue shares at a price less than the nominal value of shares, (2) In certain cases, diminution of share capital is not to be treated as reduction of capital, (3) The burden of proof in a suit by an allottee that he has been misled by the mis-statement in the prospectus lies on the person who allots the shares, (4) Commercial paper refers to unsecured promissory notes issued by credit wrothy companies to borrow funds on a long term basis, (5) For intimating satisfaction of charge, e-form 10 is required to be filed.
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