Commission is permitted to be paid to any underwriter by the company only in respect of an offer of securities:
Anonymous Quiz
7%
Where securities are offered on rights basis.
2%
Where securities are offered in the form of bonus issue.
14%
Where securities are offered on private placement basis.
77%
Where securities are offered to the public for subscription.
The time limit within which a copy of the contract for the payment of underwriting commission is required to be delivered to the Registrar is:
Anonymous Quiz
38%
Three days before the delivery of the prospectus for registration.
41%
At the time of delivery of the prospectus for registration.
14%
Three days after the delivery of the prospectus for registration.
8%
Five days after the delivery of the prospectus for registration.
Shares issued by a co. to its directors or employees at discount or for a consideration other than cash for their providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called are
Anonymous Quiz
4%
Equity Shares
1%
Preference Shares
93%
Sweat Equity Shares
2%
Redeemable preference shares
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In case of offer of sale of shares by certain members of company, which of the following options is applicable:
Anonymous Quiz
59%
The provisions relating to minimum subscription are not applicable
20%
Entire minimum subscription amount is required to be received within 3 days of opening date
16%
25% of min. subscription is required to be received on opening date & other 75% within next 3 days
5%
50% of min. amount is required to be received by 2nd day of opening date & other 50% in next 3 days
The AOA of a pvt. ltd. company state that co. may issue preference shares which will have preference with respect to payment of dividend only but not for repayment of capital, in case of winding up. Is it possible for co. to issue such preference shares?
Anonymous Quiz
55%
No; as per section 43 preference shares should have both preferences.
10%
No; this will become an equity share as per section 43.
10%
Yes; because as per section 43 preference shares should have any one preference.
26%
Yes; because AOA of co. allow issue of such preference shares and issuing co. is a private ltd. co.
A general meeting of the company is to be held on 30th August, 2020. The company has not paid dividend in respect of its preference shares for the financial year 2018-19 as well as 2019-20. In such case preference shareholders:
Anonymous Quiz
6%
will not have the right to vote because preferential shareholders have no right to vote
82%
will have the right to vote because dividend has not been paid for the last two years
6%
will not have the right to vote because only equity shareholders can vote in general meetings
6%
will have right to vote because preference shareholders have the right to vote in general meetings
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Chapter 9 - Part 1 Sec 128 and 129.mp3
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Chapter 9 - Part 2 Sec 129A, 130 and 131.m
Where there is a change in the rights of one class of shareholders of a company that also affects the rights of another class therein, then:
Anonymous Quiz
14%
A special resolution should be passed at a general meeting in this regard.
3%
The company need not to do anything further.
72%
the consent in writing of three-fourths of such other class of shareholders shall also be obtained.
11%
A resolution at a joint meeting of both the classes should be passed.
Rajesh Infrastructure Limited wants to issue preference shares for a period exceeding 20 years for financing its proposed infrastructure project. On the basis of which statement, company can do so?
Anonymous Quiz
6%
Yes, the company can issue irredeemable preference shares by passing a special resolution.
23%
Yes, co. can issue preference shares for a period exceeding 20 years with the prior approval of CG.
11%
Yes, the company can issue irredeemable preference shares for infrastructure project
60%
Yes, co. can issue preference shares for financing infra project for a period exceeding to 20 years.
If a co. has Authorised Share Capital of ` 6,00,000, PUSC of ` 5,00,000 and a loan of ` 2,00,000 obtained from State Government (SG). SG has directed the company to convert its loan into equity shares, then such order shall have the effect of increasing:
Anonymous Quiz
4%
The subscribed share capital of the company
11%
The paid-up share capital of the company
30%
The Authorised Share Capital of the company
55%
All of the above
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A company bought back 10% of its equity shares in August 2020. Due to certain miscalculations during the first buy-back, it again bought back another 10% equity shares in September 2020. Is second buy-back valid?
Anonymous Quiz
19%
It can do so subject to fulfilment of other conditions because maximum buy-back in a FY is up to 25%
66%
It cannot do so because there must be a time gap of 12 months between two buy-backs
5%
It can buy back shares within 1 year but the company should pass an OR at a meeting of its board
10%
It can buy back shares within one year but the company will have to pass a special resolution
Swagat Hospitality Limited defaulted in repayment of last two installments of term loan availed from National Commercial Bank. On 30th September, 2019, they cleared all dues by repaying it. When can it issue equity shares with differential voting rights?
Anonymous Quiz
40%
Upon expiry of five years from the date on which the default was made good
22%
Upon expiry of three years from the end of the financial Year in which the default was made good
36%
Upon expiry of five years from the end of the financial Year in which the default was made good
2%
Upon expiry of seven years from the end of the financial Year in which the default was made good