HomeTestsSearchRankProfile
easyMCQCUET 2025 31 May Shift 12026CUET Accountancy
1 mark

As a general rule, a company cannot ordinarily issue shares at ..................?

  1. A
    Par
  2. B
    Premium
  3. C
    Discount
  4. D
    Amount higher then its face value.

Solution & Step-by-step Explanation

According to Section 53 of the Companies Act, 2013, a company is prohibited from ordinarily issuing shares at a discount. Any shares issued at a discount price shall be void, except when issuing sweat equity shares to employees.

Practice this question

Try it yourself before checking the explanation above.

As a general rule, a company cannot ordinarily issue shares at ..................?
A
Par
B
Premium
C
Discount
D
Amount higher then its face value.

Share This Question

Company AccountsShare CapitalLegal Restrictions

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across CUET Accountancy.

Browse TestsLeaderboard

Discussion