Section 53 of CA 2013 : Section 53: Prohibition On Issue Of Shares At Discount
CA 2013
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Explanation using Example
Imagine XYZ Tech Pvt. Ltd. is looking to raise capital to fund its expansion plans. The company decides to issue new shares to investors. According to Section 53(1) of The Companies Act, 2013, XYZ Tech Pvt. Ltd. cannot issue these shares at a price lower than their nominal value, i.e., at a discount.
However, if the company is undergoing financial restructuring and has debts that need to be converted into equity as part of a resolution plan ap...
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