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
18%
A. B may rescind against both A and C
46%
B. B loses the right to rescind against C
31%
C. Contract becomes void ab initio
5%
D. C acquires no rights
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Forfeited shares on which ₹40 has been forfeited are reissued at a discount of ₹45.
Anonymous Quiz
16%
A. Valid with Board approval
39%
B. Valid if authorised by Articles
41%
C. Invalid
4%
D. Valid if fully paid
❤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
54%
B. Less than 25% voting rights are acquired
28%
C. Both A and B
11%
D. More than 75% shares are acquired
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
The materiality principle under LODR is assessed primarily from the viewpoint of:
Anonymous Quiz
8%
A. The Board of Directors
46%
B. A reasonable investor
32%
C. The Statutory Auditor
14%
D. The Stock Exchange
❤1
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
A bilateral mistake renders an agreement void only when it relates to:
Anonymous Quiz
7%
A. Value of subject matter
14%
B. Quality of subject matter
72%
C. Matter of fact essential to the agreement
6%
D. Future expectation
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
The maximum permissible discount on reissue of forfeited shares is:
Anonymous Quiz
8%
A. Face Value
15%
B. Called-up Value
75%
C. Amount forfeited on those shares
2%
D. Amount unpaid
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Capital Redemption Reserve may be utilised only for:
Anonymous Quiz
11%
A. Dividend Distribution
54%
B. Issue of Fully Paid Bonus Shares
28%
C. Writing Off Capital Losses
7%
D. Buy-back Expenses
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Under the PIT Regulations, the primary basis for insider trading liability is:
Anonymous Quiz
7%
A. Profit Earned
15%
B. Intention to Trade
78%
C. Possession of UPSI at the time of trading
0%
D. Percentage of Shareholding
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
The presumption applicable to a Connected Person under PIT Regulations is:
Anonymous Quiz
28%
A. Absolute
28%
B. Irrebuttable
38%
C. Rebuttable
5%
D. Discretionary
❤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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