Mohit Agarwal - Divya Agarwal MEPL Students Community
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This is a CHANNEL of MEPL led by Mohit Agarwal Sir and Divya Agarwal Mam where we shall give Notes , Amendment video links & other information.
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πŸ“• For: CA/CMA Inter & CS Executive
πŸ“’ Date: 28th July (Today )
⏰ Time: 11:15 AM
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A's acceptance is posted on Monday. A revocation of acceptance is sent by speed post on Tuesday and reaches the proposer before the acceptance letter.
Anonymous Quiz
5%
A. Acceptance prevails
71%
B. Revocation is valid
24%
C. No communication exists
0%
D. Contract is void
❀2
A company forfeits shares on which β‚Ή30 stands forfeited and reissues them at a β‚Ή35 discount.
Anonymous Quiz
6%
A. Valid if Articles permit
35%
B. Valid by Special Resolution
51%
C. Invalid
8%
D. Valid if fully paid
❀2
A connected person trades while in possession of UPSI but proves the trade was executed pursuant to a valid pre-scheduled trading plan.
Anonymous Quiz
3%
A. Automatic liability
18%
B. Automatic exemption
76%
C. Liability determined under the applicable regulatory framework governing trading plans
3%
D. Liability depends only on profit
❀2
The presumption against a connected person under PIT is:
Anonymous Quiz
12%
A. Conclusive
48%
B. Rebuttable
18%
C. Irrelevant
21%
D. Applicable only to directors
❀2
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