A company issues shares at 15% discount to the public. Which statement is correct?
Anonymous Quiz
24%
a) Valid if approved by Board
35%
b) Valid if approved by shareholders
35%
c) Invalid except sweat equity shares
6%
d) Valid if listed company
❤1
An Additional Director is appointed on 1 January. AGM should have been held on 30 September but was not held.His office expires on:
Anonymous Quiz
20%
a) Actual AGM date
44%
b) Due date of AGM
28%
c) One year from appointment
8%
d) Date fixed by Board
❤1
🌙 Muharram Mubarak🤍
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Which of the following is NOT an implied condition under the Sale of Goods Act?
Anonymous Quiz
11%
a) Condition as to title
15%
b) Condition as to merchantable quality
22%
c) Condition as to fitness for purpose
51%
d) Condition as to future market price
❤1
ABC Ltd. issued shares at par. Before allotment, one applicant died. The legal representative refused allotment. Which statement is correct?
Anonymous Quiz
19%
a) Allotment automatically lapses
54%
b) Company may allot to the legal representative if otherwise valid
15%
c) Application becomes void ab initio
12%
d) Shares must be offered to the public again
❤1
An Additional Director was appointed on 1 April. The company failed to hold its AGM by the due date. His tenure:
Anonymous Quiz
27%
a) Continues until the actual AGM
63%
b) Ends on the last date on which AGM should have been held
10%
c) Continues for one year
0%
d) Ends only on resignation
❤1
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