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

bonus shares are defined u/s?

Authorisation in _____________ is required to issue bonus shares

Bonus shares shall be issued by recommendation of ______

Issue of bonus shares shall be authorised by _____________

Bonus shares can be issued out of ________i.             Free reserves ii.           Securities premium iii.          CRRiv.          Capitalising the reserves by revaluation of asset

Bonus shares must be __________

Bonus shares can be issued to

ABC Ltd has decided to issue bonus shares in lieu of dividend. Is ABC Ltd correct?

Choose correct option –

ABC Ltd. Wants to buy its own shares. Can company do so?

Provision of buy back is given u/s _________________.

Company can do buy back out of ________________i.             Free reserves ii.           Securities premiumiii.          Proceeds of fresh issue of shares iv.          Proceeds of an earlier issue of same kind of shares or other specified securities

If buyback is authorised by passing SR, then buy back shall not exceed _____________ of aggregate of paid up capital and free reserves.

If the buyback is authorised by passing board resolution only, then buy back shall not exceed _____________ of aggregate of paid up capital and free reserves.

The buyback of securities in any FY shall not exceed ________________

The ratio of debt owned by company must not be more than ___________ the aggregate of paid up capital and free reserves after such buy back.

Offer for buyback shall remain open for a period of minimum ___________ and maximum _________________ from the date of dispatch of offer letter.

Offer for buyback can remain open for a period less than 15 days, if __________

Buyback shall be completed within _____________ time of passing the resolution.

Buy back may be done from ____________-

A company shall file declaration of solvency, with whom, at the time of buy back that company will not be rendered insolvent within next 1year?

In case of listed company declaration of solvency, at the time of buy back shall be filled to whom?

Company shall extinguish or physically destroy the shares brought back within _________________ days of completion of buyback.

Further offer of buyback shall not be given within ____ time of closer of preceding offer of buyback.

After buyback, company cannot issue same kind of securities within ______ time.

After buyback, company cannot issue same kind of securities within 6 months, except ____________

Provision of creating CRR is given u/s ___________

CRR is mandatory when buy back is made out of ___________

Provision relating to nomination is given u/s ____________

Nomination can be done in which form?

Nomination may be varied or cancelled in which form?

Forfeiture of shares can be done only if the same is authorised by ________________

Shares can be forfeited in case of _____________

What is surrender of shares?

If shares are subject to lien, shareholders can’t ___________.

Mr. X, shareholder of ABC ltd. Whose shares are subject to lien, transfers the shares to Mr. Y and company registers the lien, Is title of Mr. Y subject to lien?

Which from the below is benefit of depositary system?

Option given to employees, directors or officers of the company is known as ____________

Issue of employee stock option plan must be approved by ______________

The issue of employee stock option plan, there shall be a minimum period of ______________ between the grant of options and vesting of option.

Transfer of shares in a private company is _____________

When a person becomes entitle to shares by option of any law, is known as –

Transfer deed must be made in form _____________

Transfer deed must be ____________-

Signed, stamped, and dated transfer deed must be submitted to company within _______________-

The transfer deed may be submitted to the company by –

______________ will be submitted along with Transfer deed. Choose most relatable answer.

Company is required to give notice to transferee, if ________________

The notice to transferee is given by company in form ___________________

After sending notice by the company to transferee, he has right to object to the proposed transfer within how much time?

If any transfer is affected by any depositary or depositary participant with an intention to default any person it shall be liable u/s _____________

Within how much time certificate of securities must be delivered to subscribers of memorandum?