Question : As per Section 53 of the Companies Act, 2013, the issue of shares at a discount shall be void, except in case of -

Option 1: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.

Option 2: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or merger scheme.

Option 3: A company may issue share at a discount to its debtors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.

Option 4: None of the Above

Question : Which shares are awarded by a Company to its directors or workers in recognition of their commitment and hard work towards the company?

Option 1: Bonus Shares

Option 2: Sweat Equity Shares

Option 3: Prefrence Shares

Option 4: None of the above

Question : In order to lower the number of shares outstanding, a company will repurchase its own shares from the market. It is called-

Option 1: Issue of Shares

Option 2: Forfieted Shares

Option 3: Buy Back of Shares

Option 4: None of the above

Question : At the time of admission of a new partner:

Option 1: Old partnership is dissolved 

Option 2: Old firm are dissolved 

Option 3: Both 1 and 2 

Option 4: None of the above 

Question : When a company is said to have made first time an offer or invited the general public to subscribe for its shares is known as:

Option 1: Issue of share at premium

Option 2: Initial Fund Offer

Option 3: Initial Public Offer

Option 4: None of the above