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Question
A company can issue shares for consideration other than cash to
P. Promoters.
Q. Underwriters of issue.
R. Vendors of Machinery and other assets.
S. Employees.
Choose the correct option from the following:
Options
P, Rand S.
P, Q and S.
P, Q and R.
P, Q, R and S.
MCQ
Fill in the Blanks
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Solution
P, Q, R and S.
Explanation:
A company can issue shares for consideration other than cash to promoters, underwriters, vendors and employees against services rendered, assets purchased or other valid consideration.
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Notes
The textbook ansewr is incorrect.
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