The presumption against a connected person under PIT is:
Anonymous Quiz
10%
A. Conclusive
52%
B. Rebuttable
14%
C. Irrelevant
24%
D. Applicable only to directors
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The presumption against a connected person under PIT is:
Anonymous Quiz
2%
A. Conclusive
55%
B. Rebuttable
12%
C. Irrelevant
31%
D. Applicable only to directors
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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
10%
B. Automatic exemption
87%
C. Liability determined under the applicable regulatory framework governing trading plans
0%
D. Liability depends only on profitable
β€1
A company proposes to issue bonus shares by capitalising:
Free Reserves Capital Redemption Reserve Revaluation Reserve
Free Reserves Capital Redemption Reserve Revaluation Reserve
Anonymous Quiz
18%
A. 1 only
51%
B. 1 & 2 only
18%
C. 2 & 3 only
13%
D. 1, 2 & 3
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Which doctrine cannot validate an agreement entered into by a minor?
Anonymous Quiz
23%
A. Estoppel
20%
B. Ratification
48%
C. Both A and B
8%
D. Novation
β€1
A bilateral mistake regarding the identity of the subject matter makes the agreement:
Anonymous Quiz
27%
A. Voidable
16%
B. Illegal
45%
C. Void
12%
D. Valid unless loss occurs
β€1
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Which reserve cannot be capitalised for Bonus Shares?
Anonymous Quiz
20%
A. Capital Redemption Reserve
8%
B. Free Reserves
58%
C. Revaluation Reserve
13%
D. Securities Premium (where permitted)
β€1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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
19%
A. B may rescind against both A and C
45%
B. B loses the right to rescind against C
31%
C. Contract becomes void ab initio
5%
D. C acquires no rights
β€1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Forfeited shares on which βΉ40 has been forfeited are reissued at a discount of βΉ45.
Anonymous Quiz
18%
A. Valid with Board approval
37%
B. Valid if authorised by Articles
41%
C. Invalid
4%
D. Valid if fully paid
β€1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Under the SAST Regulations, acquisition of "control" may trigger an open offer even where:
Anonymous Quiz
7%
A. No shares are acquired
56%
B. Less than 25% voting rights are acquired
26%
C. Both A and B
11%
D. More than 75% shares are acquired
β€1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
The materiality principle under LODR is assessed primarily from the viewpoint of:
Anonymous Quiz
6%
A. The Board of Directors
45%
B. A reasonable investor
34%
C. The Statutory Auditor
15%
D. The Stock Exchange
β€1