Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:
Under section 54 of the Companies Act, 2013 which shares can be issued at discount?
Options:
Employees equity shares
Sweat equity shares
Preference shares
None of these
Correct Answer:
Sweat equity shares
Explanation:
As per companies Act 2013, a company shall not issue shares at a discount except as provided in section 54 for issue of sweat equity shares.