10-10-2010, 07:59 PM
"The following policy would be followed by the Commission while considering the applications for issue of shares at a discount
(a) Discount shall be allowed only if the financial projections establish that injection of the fresh capital will result in enough profits enabling the company to amortize the discount within a period of not more than 5 years."
This is an extract from the Guidelines on Issue of Shares at a Discount.
My question
Is the above treatment in accordance with IFRSs?
What is deferred cost?
