Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
👩🏫 By CA CS Divya Agarwal (AIR 3) – The Law Queen
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A bilateral mistake renders an agreement void only when it relates to:
Anonymous Quiz
9%
A. Value of subject matter
14%
B. Quality of subject matter
71%
C. Matter of fact essential to the agreement
6%
D. Future expectation
❤1
The maximum permissible discount on reissue of forfeited shares is:
Anonymous Quiz
6%
A. Face Value
18%
B. Called-up Value
75%
C. Amount forfeited on those shares
1%
D. Amount unpaid
❤1
Capital Redemption Reserve may be utilised only for:
Anonymous Quiz
13%
A. Dividend Distribution
58%
B. Issue of Fully Paid Bonus Shares
25%
C. Writing Off Capital Losses
4%
D. Buy-back Expenses
❤1
Under the PIT Regulations, the primary basis for insider trading liability is:
Anonymous Quiz
8%
A. Profit Earned
14%
B. Intention to Trade
78%
C. Possession of UPSI at the time of trading
0%
D. Percentage of Shareholding
❤1
The presumption applicable to a Connected Person under PIT Regulations is:
Anonymous Quiz
27%
A. Absolute
33%
B. Irrebuttable
37%
C. Rebuttable
4%
D. Discretionary
❤1
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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