In order to Issue equity shares with differential rights company has not defaulted in repayment of t......

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Companies Act-Phase (I & II) Share capital and debentures Add to Study Deck

In order to Issue equity shares with differential rights, company has not defaulted in repayment of term loan or interest thereon from a-

Public financial institution

Scheduled bank

State level financial institution

Any of the above

Explanation:

Company should not have defaulted in repayment or interest thereon on term loan from any public financial institution or State financial Institution or any scheduled bank.

By: Srishti Gupta

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Share capital and debentures

Companies Act-Phase (I & II)

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