Level 1: CA Inter Law – Part I – Chapter 4 – Share capital and debentures MCQs Set II

If company, whose financial statement comply with AS, had issued preference shares after commencement of companies’ act, 2013 and redeem those shares with premium, that premium can be payable out of ________

If company, whose financial statement comply with AS, had issued preference shares before commencement of companies’ act, 2013, redeem those shares with premium, that premium can be payable out of ________

CRR is mandatory if redemption is done out of __________.

Amount to be transferred to CRR out of profit of the company is

CRR can be utilised for ___________

All provision of act relating to reduction of share capital shall be apply to CRR, as if CRR ___________ of the company.

Notice of redemption of preference shares is to be given to ROC within __________.

____________ shall be submitted to ROC, with notice of redemption of preference shares.

Where a company is not in the position to redeem preference shares in accordance with the terms of issue, then it is known as –

ANC Ltd. is not in the position to redeem preference shares in accordance with the terms of issue, it issues further redeemable shares on the place of such shares, what is the correct option from below with this regard –

To issue further redeemable preference shares, on the place of unredeemable preference shares, consent of how much holder of such shares is required?

To issue further redeemable preference shares, on the place of unredeemable preference shares, approval of _______ is required?

Choose correct option from below –

Issue of preference shares must be authorised by ____________-

At the time of issue of preference shares, there must not be any subsisting default in respect of _____________

A company may issue preference shares redeemable after more than 20 years, if –

If any person deceitfully personates as an owner of any security, he shall be liable u/s __________

If any person deceitfully personates as an owner of any security, he shall be punishable with imprisonment of minimum ____________ and maximum _________

If any person deceitfully personates as an owner of any security, he shall be punishable with fine of minimum ____________ and maximum ___________.

Which among the following will be considered as alteration in capital clause i.             Increase its authorised capital ii.           Consolidate or divide its shares into larger amount then its existing shares iii.          Convert its fully paid shares into stock, and reconvert stock into fully paid shares iv.          Sub divide its shares into shares of smaller amount v.            Cancel the shares which have not been taken by any person, and diminish the amount of its share capital by the amount of its shares cancelled

Company wants to consolidate and divide its shares, this change will result in changes in voting percentage of shareholders, then approval of ____________ is required

To alter the capital clause of memorandum, authorisation as per _____________ is required.

To alter the capital clause of memorandum, which resolution from below is required?

Notice of alteration of share capital is to be given to ROC within ______

Notice of alteration of share capital is to be given to ROC, along with copy of ___________

Alteration of capital does not require confirmation by the court, tribunal, CG, or any other authority. This statement is _____________.

Bundle of shares is known as _______-

ABC ltd. Wants to issue stock of the company directly. Can it do so?

Company can convert its shares into stock only if __________

Company can convert its shares into stock only if __________

Choose incorrect from below, in regarding to effect of conversation of shares into stock

A company has issued 10k equity shares of Rs. 10 each, Rs. 6 paid up. Company has resolved the nominal value of shares to Rs. 6 each. When such reduction become effective, members will not require to pay the balance amount of Rs. 4. This is called ____________ in respect of share capital not paid up.

A company has issued 10k equity shares of Rs. 10 each, Rs. 6 paid up. Company has resolved the nominal value of shares to Rs. 7 each. When such reduction become effective, members will not require to pay amount of Rs. 3. This is called ____________ in respect of share capital not paid up.

Reduction of share capital requires _______________-

Confirmation of ______________is mandatory for reduction in share capital

An application for reduction of share capital, to tribunal shall be made in form __________

An application for reduction of share capital, to tribunal shall be made in form RSC – 1, with the fees of Rs. ________________.

Within ______________, tribunal shall give notice or direct to give notice to CG, ROC, SEBI, regarding reduction of share capital.

Within 15 days, tribunal shall give notice or direct to give notice to CG, ROC, SEBI, regarding reduction of share capital in form __________.

Within 15 days, tribunal shall give notice or direct to give notice to creditors, regarding reduction of share capital in form __________.

Notice to creditors, shall be given within _______________, regarding reduction in share capital.

Tribunal may give direction for notice in newspaper, regarding reduction in share capital, in form ____________

Tribunal may give direction for notice in newspaper, regarding reduction in share capital, in form RSC – 4, within _________ time.

Cancellation of share capital u/s 61, which does not anyway affect the issued capital, results in ______________.

At the time of diminution of share capital _______________ is required.

Provision of right shares is given u/s _________

Right shares can be issued to existing shareholders in proportion of ____________

Every share holder shall have right to ___________ with respect to right shares.

Right shares shall be offered to existing shareholders by sending __________ to them

The letter of offer can be sent to existing shareholders by –i.             Registered post ii.           Speed post iii.          Electronic post iv.          Courier v.            Any other mode of delivery

The letter of offer shall be dispatched to all existing shareholders at least ___________ days before the opening of the issue.

What is minimum and maximum time for acceptance of offer for right shares?