{"id":43938,"date":"2024-04-15T21:36:36","date_gmt":"2024-04-15T21:36:36","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=43938"},"modified":"2024-04-15T21:36:36","modified_gmt":"2024-04-15T21:36:36","slug":"a-company-may-issue-at-a-discount-share-in-the-company-of-a-class-already-issued-if","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-company-may-issue-at-a-discount-share-in-the-company-of-a-class-already-issued-if\/","title":{"rendered":"A company may issue, at a discount share in the company of a class already issued if:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97da997a8d1\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    It is authorised by a resolution passed at the General Meeting and approved by the Company Law Board                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    At least one year has elapsed since the receipt of the certificate to commence business                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    The particulars of the discount allowed on the issue of shares are clearly mentioned in the prospectus issued                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    All the above conditions are fulfilled                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" 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<!--more--><\/p>\n<p>The correct answer <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" 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All the above conditions are fulfilled.<\/p>\n<p>A company may issue, at a discount share in the company of a class already issued if:<\/p>\n<ul>\n<li>It is authorised by a resolution passed at the General Meeting and approved by the Company Law Board.<\/li>\n<li>At least one year has elapsed since the receipt of the certificate to commence business.<\/li>\n<li>The particulars of the discount allowed on the issue of shares are clearly mentioned in the prospectus issued.<\/li>\n<\/ul>\n<p>The first condition is to ensure that the shareholders have approved the issue of shares at a discount. The second condition is to ensure that the company has been in operation for at least one year. The third condition is to ensure that the investors are aware of the discount that will be applied to the shares.<\/p>\n<p>If all of these conditions are met, then the company may issue shares at a discount.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A company may issue, at a discount share in the company of a class already issued if:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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