Reasons For Renewing And Retiring A Bill Exchange
The acceptor of a bill may not be in a position to honor the bill on presentation and it may be mutually arranged that he accepts a fresh bill in place of the existing one. This will extend the credit...
View ArticleThe Issuing Of Company Shares At Discount
According to Section 57 of the Companies Act, 1948, it is possible for companies to issue shares at a discount. This provision is of value to a company with issued shares which stands at a discount as...
View ArticleThe Procedures For Issuing Debentures
The issue of debentures involves entries in the books of account similar to those for an issue of shares. A sum is payable on application and the remainder by periodical installments, but usually the...
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