A company redeems preference shares out of distributable profits. Which account is ordinarily credited?
Anonymous Quiz
29%
A. Securities Premium Account
41%
B. Capital Redemption Reserve
14%
C. Debenture Redemption Reserve
15%
D. General Reserve
❤1
The maximum permissible discount on reissue of forfeited shares is:
Anonymous Quiz
10%
A. Face Value
15%
B. Called-up Value
68%
C. Amount Originally Forfeited on Those Shares
8%
D. Amount Remaining Unpaid
❤1
A bilateral mistake renders an agreement void only when it relates to:
Anonymous Quiz
9%
A. Value of the subject matter
71%
B. An essential fact forming the basis of the agreement
12%
C. Future profitability
7%
D. Motive of either party
❤1
Acquisition of "Control" may trigger an Open Offer even where:
Anonymous Quiz
14%
A. No Director is Appointed
55%
B. Shareholding Remains Below the Numerical Threshold
10%
C. Dividend Rights are Unchanged
21%
D. Public Shareholding Exceeds 75%
❤1
Materiality under the LODR Regulations is assessed primarily from the perspective of:
Anonymous Quiz
27%
A. The Board of Directors
33%
B. The Company Secretary
29%
C. A Reasonable Investor
11%
D. The Statutory Auditor
❤1
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