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max2010maxim [7]
3 years ago
14

What is the maximum limit for discount on issue of debentures?

Business
1 answer:
Dmitry [639]3 years ago
6 0

Answer:

A company may issue shares at a discount i.e at a value below its par value. The following conditions must be satisfied in connection with the issue of shares at a discount :

The shares must be of a class already issued

Issue of the shares at discount must be authorised by resolution passed in the general meeting of company and sanctioned by the company law board.

The resolution must also specify the maximum rate of discount at which the shares are to be issued

Not less than one year has elapsed from the date on which the company was entitled to commence the business.

The shares to be issued at discount must issued within 2 months after the date on which issue is sanctioned by the company law board or within extended as may be allowed by the Company Law Board.

The discount must not exceed 10 percent unless the Company Law Board is of the opinion that the higher percentage of discount may be allowed in special circumstances of case.

Hope this helps

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Instructions are listed below.

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Giving the following information:

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Brenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct? brenda is correct
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<h3>What are liabilities?</h3>

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Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.

Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.

An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.

Learn more about liabilities

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The Lease amortization schedule is attached in pdf format with this answer please find.

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