The presumption against a Connected Person is:
Anonymous Quiz
18%
A. Absolute
46%
B. Rebuttable
32%
C. Irrebuttable
4%
D. Optional
❤3
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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A, by fraud, induces B to enter into a contract. Before B rescinds it, A sells the subject matter to C, who purchases it in good faith and without notice.
Anonymous Quiz
17%
A. B may rescind against both A and C
49%
B. B loses the right to rescind against C
29%
C. Contract becomes void ab initio
4%
D. C acquires no rights
❤1
Forfeited shares on which ₹40 has been forfeited are reissued at a discount of ₹45.
Anonymous Quiz
18%
A. Valid with Board approval
40%
B. Valid if authorised by Articles
38%
C. Invalid
4%
D. Valid if fully paid
❤1
A company issues compulsorily convertible debentures. Before conversion, the holder is:
Anonymous Quiz
10%
A. Only a Member
38%
B. Only a Creditor
46%
C. Both Member and Creditor
6%
D. Neither
❤1
Under the SAST Regulations, acquisition of "control" may trigger an open offer even where:
Anonymous Quiz
6%
A. No shares are acquired
58%
B. Less than 25% voting rights are acquired
27%
C. Both A and B
10%
D. More than 75% shares are acquired
❤1🥰1
The materiality principle under LODR is assessed primarily from the viewpoint of:
Anonymous Quiz
6%
A. The Board of Directors
48%
B. A reasonable investor
34%
C. The Statutory Auditor
12%
D. The Stock Exchange
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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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
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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