Sansui Ltd. Intends to issue 1,00,000, 10 % Debentures of â‚¹ 100 each at a discount of â‚¹ 10. The accountant is of the view that since the Companies

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Sansui Ltd. Intends to issue 1,00,000, 10 % Debentures of â‚¹ 100 each at a discount of â‚¹ 10. The accountant is of the view that since the Companies

Sansui Ltd. Intends to issue 1,00,000, 10 % Debentures of â‚¹ 100 each at a discount of â‚¹ 10. The accountant is of the view that since the Companies Act, 2013 does not permit issue of shares at a discount, debentures also connot be issued at a discount. The financial advisoe of the company hawever, advises the company that they can issue the debebentures at discount. What must be the reason for the advice of the financial advisor ?

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

It is correct that companies are not premitted to issue shares at discount by the Companies Act, 2013 but , the Act does not prohibit issue of debentures at discount. The finanical advisor must have advised the company on this basis.

4 views Answered 2023-02-05 15:29