alleryStart learning →Shares sold below cost by a trading company fall under which s.143(1) clause?
AClause (a)
BClause (f)
CClause (d)
DClause (c)
Answer & Solution
Correct answer: D. Clause (c)
Clause (c) asks whether shares, debentures and securities were sold at less than their purchase price, but excludes investment and banking companies.
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