Friday, 13 September 2013

Issuance of shares at discount under CA Act


No Company can issue shares at Discount except as sweat equity and no provision has been provided for issuance of shares at discount with the approval of central govt

Radhakrishnan had visualised our responsibilities: “In matters relating to the public enterprises which we undertake, our duty should be to see that monies spent are properly spent and that there is no wastage. That is a thing which you have to promote. You will help us in maintaining high standards of public behaviour by your frank and candid accounting and auditing.” Today, the Accountancy profession in India stands on these strong plinths and pedestals.

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