A company can issue a share having a fac

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:

A company can issue a share having a face value of ₹10 at ..........

Options:

₹11

₹10

₹9

Both options 1 and 2

Correct Answer:

Both options 1 and 2

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.