Which of the following is correct?

Which of the following is correct?

i. A company intending to issue new shares for cash must first offer them to the existing shareholders.

ii. A company may dispense with the requirement to offer new shares to existing shareholders by passing a special resolution.

iii. A company issuing shares for a non-cash consideration is not required to offer the shares to the existing members first.
A . (i) only
B . (ii) only
C . (ii) and (iii) only
D . (i), (ii) and (iii)

View Answer

Answer: D