Week 13 - Issue of Shares at a Discount

Question 1

The CA 2006 places restrictions on shares relating to their price, and the purchase of its own shares by a company. What is the general rule?

Answer 1

The general rule is that shares must be paid for in money or moneys worth

Question 2

Any non-cash payments must be…

Answer 2

Independently valued

Question 3

S.552

Answer 3

Company is forbidden from issuing shares at a discount