231

Issue of Share at Discount

Posted on by Fastlegal Team

Section 53 of the Companies Act, 2013, prohibits a company to issue shares at discount except in the case of issue of sweat equity shares. Any shares issued by a Company at a discounted price shall be void.

Where a company contravenes the provisions of section 53, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees and every officer in default shall be punishable with imprisonment for a term of which may extend to six months or with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees, or with both.

 

Fastlegal Team

Fastlegal.in is an online provider of legal services such as IP registration & filing, company registration, taxation returns, legal compliance & annual filings, contract drafting, Online Annual Compliance package on a subscription basis (ROC filing, audit requirements, change in partners etc) and Online Registration Package (registering business as a private limited company or LLP or Partnership).

More Posts

231 Comments

  2. I’ve noticed that credit improvement activity really needs to be conducted with tactics. If not, you may find yourself destroying your rank. In order to be successful in fixing your credit score you have to be careful that from this moment you pay your monthly costs promptly in advance of their appointed date. It’s really significant for the reason that by not accomplishing that, all other activities that you will choose to adopt to improve your credit standing will not be efficient. Thanks for giving your ideas.

  3. I figured out more interesting things on this weight-loss issue. A single issue is that good nutrition is vital when dieting. A tremendous reduction in junk food, sugary food items, fried foods, sugary foods, red meat, and white-colored flour products could be necessary. Having wastes parasitic organisms, and harmful toxins may prevent aims for shedding fat. While a number of drugs quickly solve the matter, the nasty side effects aren’t worth it, plus they never supply more than a short-lived solution. It is just a known incontrovertible fact that 95 of diet plans fail. Thanks for sharing your notions on this web site.

  4. I am not sure where you’re getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for wonderful info I was looking for this information for my mission.

  5. Excellent goods from you, man. I have understand your stuff previous to and you are just too excellent. I actually like what you have acquired here, certainly like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it smart. I can not wait to read much more from you. This is actually a wonderful site.

  8. Thanks a lot for the helpful posting. It is also my belief that mesothelioma has an incredibly long latency time, which means that indication of the disease may well not emerge until finally 30 to 50 years after the primary exposure to asbestos. Pleural mesothelioma, that is certainly the most common type and has effects on the area round the lungs, might cause shortness of breath, chest pains, plus a persistent cough, which may bring about coughing up body.

  67. I do enjoy the way you have presented this specific matter and it does offer me personally a lot of fodder for thought. On the other hand, because of what I have personally seen, I basically hope as the reviews pile on that men and women stay on point and not start on a soap box of the news du jour. Still, thank you for this exceptional piece and even though I can not agree with the idea in totality, I respect your viewpoint.

  68. I have really learned some new things by means of your blog site. One other thing I would really like to say is that newer computer os’s tend to allow much more memory to be utilized, but they as well demand more ram simply to run. If an individual’s computer is not able to handle far more memory along with the newest software requires that memory increase, it may be the time to buy a new Computer. Thanks

  84. One more thing. I really believe that there are a lot of travel insurance sites of reputable companies that let you enter your holiday details and find you the quotations. You can also purchase your international holiday insurance policy on-line by using the credit card. All you have to do is to enter your current travel details and you can view the plans side-by-side. Simply find the system that suits your budget and needs after which it use your bank credit card to buy them. Travel insurance on the web is a good way to start looking for a reputable company to get international travel cover. Thanks for giving your ideas.

  93. I was just seeking this info for a while. After 6 hours of continuous Googleing, at last I got it in your website. I wonder what is the lack of Google strategy that don’t rank this type of informative websites in top of the list. Normally the top sites are full of garbage.

  104. I used to be very pleased to find this internet-site.I needed to thanks on your time for this excellent read!! I positively having fun with every little bit of it and I’ve you bookmarked to take a look at new stuff you weblog post.

  148. There are some fascinating time limits in this article however I don?t know if I see all of them center to heart. There’s some validity however I’ll take maintain opinion until I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as properly

  149. Hiya very cool web site!! Man .. Excellent .. Amazing .. I’ll bookmark your blog and take the feeds also?I am glad to find a lot of useful information right here in the post, we’d like develop extra strategies on this regard, thanks for sharing. . . . . .

  164. Hi there! Would you mind if I share your blog with my twitter group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Thanks

  168. I’m amazed by the quality of this content! The author has obviously put a great amount of effort into investigating and organizing the information. It’s refreshing to come across an article that not only offers valuable information but also keeps the readers engaged from start to finish. Hats off to him for making such a remarkable piece!

  178. Thanks for sharing excellent informations. Your site is so cool. I am impressed by the details that you have on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched everywhere and just couldn’t come across. What an ideal website.

  198. I?m impressed, I must say. Really not often do I encounter a blog that?s both educative and entertaining, and let me let you know, you might have hit the nail on the head. Your idea is outstanding; the problem is one thing that not enough individuals are talking intelligently about. I am very glad that I stumbled throughout this in my seek for something relating to this.

  202. I would like to thank you for the efforts you have put in writing this website. I am hoping the same high-grade web site post from you in the upcoming also. Actually your creative writing skills has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  208. One thing I’d like to say is before buying more personal computer memory, look at the machine directly into which it could be installed. If the machine can be running Windows XP, for instance, a memory limit is 3.25GB. Putting in more than this would purely constitute any waste. Make sure one’s mother board can handle an upgrade quantity, as well. Interesting blog post.

  209. Oh my goodness! an incredible article dude. Thank you However I’m experiencing concern with ur rss . Don?t know why Unable to subscribe to it. Is there anyone getting similar rss downside? Anyone who knows kindly respond. Thnkx

  210. Thanks for your post. I’d like to say that the cost of car insurance will vary from one insurance policy to another, mainly because there are so many different issues which give rise to the overall cost. One example is, the make and model of the auto will have a significant bearing on the price. A reliable ancient family auto will have a more affordable premium over a flashy performance car.

  218. Throughout this great pattern of things you actually get an A just for effort. Where you lost everybody was first on your particulars. You know, people say, details make or break the argument.. And it couldn’t be more accurate at this point. Having said that, allow me reveal to you exactly what did deliver the results. The authoring can be rather persuasive and this is most likely the reason why I am taking an effort in order to comment. I do not really make it a regular habit of doing that. Second, while I can see a leaps in reasoning you come up with, I am not really certain of how you appear to connect the points which in turn make your final result. For now I shall subscribe to your issue however wish in the near future you link the facts better.

  219. My video player in joomla doesn’t play videos in firefox if the latest flash player isn’t installed. I’d like to have it like a professional player to show a dialog saying: “Do you want to install flash player 10” or how it says when you go to a professional website so users don’t have to search and download flash player manually…. . Does anyone know, how to do this?.

  221. Another issue is really that video gaming became one of the all-time most important forms of recreation for people of any age. Kids have fun with video games, plus adults do, too. The XBox 360 is amongst the favorite video games systems for folks who love to have a lot of video games available to them, along with who like to relax and play live with others all over the world. Thanks for sharing your opinions.

Leave a Reply

Your email address will not be published. Required fields are marked *