The Corporations Law Was Amended in 1998 in Relation to the Par

question 76

Multiple Choice

The Corporations Law was amended in 1998 in relation to the par value of shares.That amendment has the effect of:

• A) making the use of par values optional for companies.
• B) requiring companies not to issue shares with a par value.
• C) requiring the calculation of the share premium or discounts to be based on an average of the market price for the share over the current reporting period.
• D) making the use of par values optional for companies and requiring the calculation of the share premium or discounts to be based on an average of the market price for the share over the current reporting period.