https://www.taxtmi.com/news?id=15593 Prohibition on issuance of shares at a discount is clarified by substituting "discounted price" with discount to denote prohibition below nominal value; a narrow exception is recommended to permit issuance at a discount to creditors under specified debt restructuring frameworks. For further issue of share capital, the Committee recommends expanding permitted delivery methods for rights offers to any mode that provides irrefutable proof of delivery, including courier or hand delivery, to ensure certainty of receipt. en-us Tue, 02 Feb 2016 19:19:14 +0530 Tue, 02 Feb 2016 19:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15593 Prohibition on issuance of shares at a discount is clarified by substituting "discounted price" with discount to denote prohibition below nominal value; a narrow exception is recommended to permit issuance at a discount to creditors under specified debt restructuring frameworks. For further issue of share capital, the Committee recommends expanding permitted delivery methods for rights offers to any mode that provides irrefutable proof of delivery, including courier or hand delivery, to ensure certainty of receipt. News - Tue, 02 Feb 2016 19:19:14 +0530 https://www.taxtmi.com/news?id=15593