State the prerequisite to be complied with by a company for the issue

1.	State the prerequisite to be complied with by a company for the issue of shares at a discount
Answer» SHARE issue at a discount means the issue of the shares at a price less than the share's face value The conditions for Issue of Shares at Discount The COMPANY has to get approval from the APPROPRIATE authority to SELL the shares at a price less than the face value. There is a cap on the rate of discount in the case of issue of shares at discount. The company must issue the shares within 60 days of receiving the permission from the competent authority.

State the prerequisite to be complied with by a company for the issue of shares at a discount

Answer»

SHARE issue at a discount means the issue of the shares at a price less than the share's face value

The conditions for Issue of Shares at Discount
The COMPANY has to get approval from the APPROPRIATE authority to SELL the shares at a price less than the face value.
There is a cap on the rate of discount in the case of issue of shares at discount.
The company must issue the shares within 60 days of receiving the permission from the competent authority.

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State the prerequisite to be complied with by a company for the issue of shares at a discount

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