Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares3 Marks
Question
Write note on : (iii) Issue share at Discount.
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Answer
When there prevails shortage of money in the stock market and finance market, the situation of company is not satisfactory and needs the capital to attract the investors company issue the share at the price lower than its face value or par. It is said to have issued share at discount. Now no company can issue shares at discount.
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