https://www.taxtmi.com/acts?id=15488 A company is prohibited from issuing shares at a discount except as permitted by section 54; any share so issued is void. Contravention attracts prescribed corporate fines and penal consequences for every officer in default, including possible imprisonment for a term that may extend to six months and/or a fine. en-us Mon, 19 Dec 2011 18:12:22 +0530 Mon, 19 Dec 2011 18:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15488 A company is prohibited from issuing shares at a discount except as permitted by section 54; any share so issued is void. Contravention attracts prescribed corporate fines and penal consequences for every officer in default, including possible imprisonment for a term that may extend to six months and/or a fine. Act-Rules Bill Mon, 19 Dec 2011 18:12:22 +0530 https://www.taxtmi.com/acts?id=15488