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8 Shruti, a common friend of Suchitra and Sukanya, got incorporated OPC sometime before and during a chit-chat with her friends informed them that there is some limit on the maximum capital which her OPC can have and she would have to convert her OPC either into a private
or public limited company if such limit exceeded. Suchitra and Sukanyawho are desirous of forming a private limited company for carrying on textile trading business, are unsure about the maximum capital which a private limited company can have. Advise.
(a) A private limited company can have maximum of Rs One crore as share capital.
(b) A private limited company can have maximum of Rs Two crores as share capital.
(c) A private limited company can have maximum of Rs Five crores as share capital.
(d) A private limited company can have unlimited share capital
7 Which among the following companies is not required to provide its members the facility to exercise right to vote by electronic mode under the provisions of the Companies Act, 2013?
(a) B Limited, whose equity shares (the company is having both equity as well as preference shares) are listed on a recognised stock exchange.
(b) A Limited, whose equity shares (only type of share the company is having) are listed on a recognised stock exchange
(c) C Limited, whose preference shares (the company is having both equity as well as preference shares) are listed on a recognised stock exchange
(d) D Limited, whose equity shares as well as preference shares are listed on a recognised stock exchange.
5 Goals Limited, a listed company has authorised share capital of ` 25,00,000 (issued, subscribed
and paid up capital of
20,00,000). The company has planned to buy back shares worth
10,00,000. What is the maximum amount of equity shares that the company is allowed to buy
back based on the total amount of equity shares?
(a) ` 2,00,000
(b) ` 5,00,000
(c) ` 6,25,000
(d) ` 8,00,0004 Shares issued by a company to its directors or employees at a 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 ca
3 In a company if any change of right of one class also affects the right of other class, then:
2 Prithvi Cements Limited is desirous of issuing debentures carrying voting rights. Which of the following options is best suited in such a situation:
(a) Prithvi Cements Limited can issue debentures carrying voting rights if an ordinary resolution is passed permitting such issue.
(b) Prithvi Cements Limited can issue debentures carrying voting rights if a special resolution is passed permitting such issue.
(c) Prithvi Cements Limited can issue debentures carrying voting rights if it mortgages land and buildings worth two times the amount of such debentures.
(d) Prithvi Cements Limited cannot issue debentures carrying voting rights
1 The Authorized share capital clause of LMN & Co. ltd. consisted of Preference share capital and Equity share capital both. With regard to equity share capital, the article of association of the company has given authorization to issue differential equity shares. Apart from authorization by the Articles, from the following strike out the condition, which is not
mandatory to comply with—
(a) Such issue of shares must be authorized by an ordinary resolution passed at a general meeting of the shareholders or by postal ballot, as the case may be
(b) The company must haveconsistent track record of distributable profit for the last five
years.
(c) The company has no subsisting default in the payment of the declared dividend to its shareholders.
(d) The company has not defaulted in filing financial statements and annual returns for three financial years immediately preceding the financial year in which it is decided to issue such shares
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20 XYZ Pvt. Ltd. is a Private Limited Company desires to issue shares through private placement to 35 group of persons. At the same time Company also offered securities to 10 employee under ESOP u/s 62(1)(b). While calculating number of persons for private placement under section 42 of the companies Act, 2013, can company also considered numbers of employees to whom the securities has been offered under ESOP u/s 62(1)(b)?
20 The paid up share capital of ABC Ltd. Is 5000000 shares of Rs. 200 each. 20% of its paid up share capital is held by 4 of its promoters, who wants to off load their holding by making an offer of sale to the public by issuing a prospectus. They want t
19 Part of the capital for which application have been received from the public and shares allotted to them:
18 Extra Limited is a growing Company and requires additional funds for expansion from time to time. They are following the same process for making an offer to public and then issue those shares. This is very time and energy consuming for them. Kindly advise them if there
is any way out.
a) During first offer they shall file prospectus with a validity on one year, so subsequent offer issued during the period of validity of that prospectus, no further prospectus is required;
b) During first offer they shall file prospectus with a validity on two years, so subsequent offer issued during the period of validity of that prospectus, no further prospectus is required;
c) During first offer they shall file shelf prospectus with a validity on one year, so subsequent offer issued during the period of validity of that prospectus, no further prospectus is required;
d) During first offer they shall file shelf prospectus with a validity on two years, so subsequent offer issued during the period of validity of that prospectus, no further prospectus is required.
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