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SHARE CAPITAL AND DEBENTURES - Proposed Amendments in the Companies Act, 2013

News and Press Release - Dated:- 2-2-2016 - Prohibition on Issue of Shares at Discount 4.1 Sub-section (1) of Section 53 of the Act prohibits issue of shares at a discount. Sub-section (2) makes the issue of shares at a discounted price void. The Com .....

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word discount , may replace the words discounted price in the provision. 4.2 It was noted that Companies Act 1956 allowed companies to issue shares at a discount with the prior approval of the Company Law Board (CLB) though this facility was hardly .....

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ing Scheme issued by RBI vide Circular dated 8.06.2015), a company may issue shares at a discount to a creditor referred to in, and as per the guidelines. Further Issue of Share Capital 4.3 Section 62 of the Act deals with the further issue of share .....

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