1 Replies
Jag Bhushan Sharma
(Faculty in a B-School)
(633 Points)
Replied 07 February 2013
The logic behind the law that a company cannot make the first issue of shares at a discount is:
1. This means that the project from the very beginning is not viable, then why start it and risk investors money.
2. Dishonest promoters may issue shares to themselves at discount and later on issue shares to general public at par or premium, making unreasonable gain for themselves.
I am attaching a link of videos on Accounts. Feedback/suggestions are most welcome.
https://www.youtube.com/user/jbsclasses
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
