Which of the following is not subject to restrictions under the company Act ?
"Issue of shares at a premium" is not restricted under the Companies Act (Section 52 only governs use of the premium), whereas "Buying its own shares by a company" and…
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Which of the following is not subject to restrictions under the company Act ?
Answer and explanation
Correct answer C
"Issue of shares at a premium" is not restricted under the Companies Act (Section 52 only governs use of the premium), whereas "Buying its own shares by a company" and "Issue of shares at a discount" are subject to statutory restrictions.
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