Rules and Regulations of India

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Section 44 – THE COMPANIES (COURT) RULES, 1959

44. Petition for sanctioning the issue of shares at a discount

A petition under section 79 to sanction the issue of shares at a discount, shall be in Form No. 17, and where the rate of discount proposed is higher than ten per cent, it shall be accompanied by the order of the Central Government sanctioning the higher rate in addition to the documents set out in Appendix II.

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