Section 53 of the Companies Act, 2013 does not allow issue of shares at a discount. Which of the following category of shares can be issued at a discount by a company, nonetheless?
Section 53 of Companies Act, 2013 – Issue of shares at a discount Issue of shares at a discount NOT ALLOWED. If shares issued at discount, they will be considered void Exceptions : issue of sweat equity shares shares issued at discount to creditors when its debt is converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme as per RBI guidelines Penalty in case of non-compliance company and every officer who is in default shall be liable to a penalty = amount raised through the issue of shares at a discount or Rs.5 lakh whichever is less, and company shall also be liable to refund all monies received with interest at the rate of 12% pa from the date of issue of such shares to the persons to whom such shares have been issued
Legal responsibility of a fiduciary to safeguard assets of beneficiaries is termed as?
Which of the following is not one of the stages in product life cycle?
What is the minimum group size in Micro Insurance Schemes?
____________ is the ratio of the number of life insurance policy that lapsed within a given period to the number of policy in Force at the beginning of...
_____ is the length of time after a premium is due and unpaid during which the policy, including all riders, remains in force.
Which of the following institution was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country?
_________ indicates the level of development of insurance sector in a country.
A person who makes an insurance claim is called?
In which year New India Assurance Co Ltd nationalized?
“Uberrimae fidei” or "uberrima fides" means -