alleryStart learning →Under Section 62(1)(c), who determines the issue price?
AThe Board's own estimate
BThe auditor's certificate
CLast quoted market price
DA registered valuer's report
Answer & Solution
Correct answer: D. A registered valuer's report
For issue to any persons, the price must be determined by the valuation report of a registered valuer.
Keep practising Share Capital and Debentures
Browse all Share Capital and Debentures questions for CA Inter, or explore more Law topics.
Related questions
For shares in depository form, what is prima facie evidence of the owner's interest?In US usage, a debenture is specifically what kind of instrument?Convertible debentures typically carry what interest versus non-convertible ones?On a holder's death, who gets the securities under a valid nomination?Which of these is included in the Act's definition of debenture?Who can order immediate redemption of overdue debentures?A contract to take up debentures may be enforced by what remedy?A debenture trustee is mandatory if offer exceeds how many persons?