Economics · Company Law
State whether the following statements are True or False according to the Companies Act, 2013: 1. A company limited by shares may issue irredeemable preference shares. 2. Except as provided in Section 54 (sweat equity), a company cannot issue shares at a discount (Section 53).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2 are False
- 2Both 1 and 2 are True
- 31 is False and 2 is True✓
- 41 is True and 2 is False
Correct answer
1 is False and 2 is True
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