The maximum permissible discount on reissue of forfeited shares is measured with reference to:
Anonymous Quiz
15%
A. Face Value
15%
B. Called-up Value
67%
C. Amount Originally Forfeited
3%
D. Amount Unpaid
❤1
Under PIT Regulations, the principal basis of liability is:
Anonymous Quiz
5%
A. Motive
17%
B. Profit
77%
C. Possession of UPSI
2%
D. Shareholding
❤1
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❤1
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A proposal is accepted by post. Before the letter reaches the proposer, the acceptor dies. The proposer is unaware.
Anonymous Quiz
16%
A. Contract Never Exists
24%
B. Contract Is Concluded
27%
C. Contract Is Voidable
33%
D. Contract Depends On Knowledge Of Death
❤1
Reduction of Share Capital becomes effective only after:
Anonymous Quiz
26%
A. Passing A Special Resolution
27%
B. Filing The Resolution With ROC
35%
C. Tribunal Confirmation And Registration Of The Order
12%
D. Board Approval
❤1
Materiality under the LODR Regulations is assessed primarily from the perspective of:
Anonymous Quiz
21%
A. The Board Of Directors
46%
B. The Compliance Officer
19%
C. A Reasonable Investor
13%
D. The Stock Exchange
❤2
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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