Q25 To issue shares at a discount , the following conditions must be fulfilled EXCEPT:

Q25 To issue shares at a discount , the following conditions must be fulfilled EXCEPT:
 The discount issue must be sanctioned by the court
 At least one year must have elapsed since the date on which the company was entitled to commence business
 The issues must be of a different class already in issue
 The shares must normally be issued within the month after permission has been granted by the High court

 

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