(CA Inter)May26/Sep26
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3 Amit Limited is accepting deposits of various tenures from its members from time to time. The current Register of Deposits, maintained at its registered office is complete. State the minimum period for which it should mandatorily be preserved in good
2 A com deposit trust deed at least ----- days before issuing the circular or circular in the
1 No deposits are repayable earlier than from the date of such deposits or renewal thereof.
20 A Public Company cannot issue Equity shares with Differential rights as to dividend.
19 The company will repay the amount of share capital to the holders of shares after the fixed period or even earlier at the discretion of the company is called as..
18 Which rights are attached with Equity shares with Differential rights?
17 1. M/s ABC Pvt. Ltd, is a Private Limited Company is desirous to issue prospectus for inviting the public for subscription of its issue. Can the Company do so?
16 Buy-back with board resolution is allowed, if amount involved is
a. Not exceeding twenty five percent of the total paid-up equity capital and free reserves of the company
b. Not exceeding twenty five percent of the total paid-up equity capital
c. Not exceeding ten percent of the total paid-up equity capital and free reserves of the company
d. Not exceeding ten percent of the total paid-up equity capital
15 DBS Chemicals Limited issue ordinary share of different classes. DBS planned to vary rights of one the class wherein there were only 105 holders. 100 out of 105 holders own 0.5% shares of that class, whereas each of remaining 5 holders hold 10% share
14 Modern Furniture an unlisted company receive a request for issue of duplicate share certificate. Complete documents in this regards submitted with the company on 30th December 2022. Modern furniture shall issue the duplicate share certificates by
13 Section 67 of the Companies Act, 2013 impose a restriction on public company from giving any financial assistance whether directly or indirectly and whether by means of a loan, guarantee, the provision of security or otherwise for the purpose of, or in connection with, a purchase or subscription made or to be made, by any person of or for any shares in the company or in its holding company. Star Engineering limited which is not covered by any of exemptions specified under said section, contravene the restrictive provisions stated above. Every officer of the company who is in default shall be liable for;
a. Fine which shall not be less than one lakh rupees but may extend to twenty- five lakh rupees
b. Fine which shall not be less than one lakh rupees but may extend to twenty- five lakh rupees or Imprisonment for a term which may extend to three years or both
c. Fine which may extend to twenty-five lakh rupees or Imprisonment for a term which may extend to three years or both
d. Fine which shall not be less than one lakh rupees but may extend to twenty- five lakh rupees and Imprisonment for a term which may extend to three years
12 Mr. Bahu has received a notice from Mahishmati Private Limited on 2nd March, 2023 intimating that Mr. Bali has submitted a transfer deed duly signed by him for transfer of 1000 partly paid shares (` 8 paid-up out of Face Value of ` 10 per share) in
11 In a litigation regarding title of shares, a share certificate issued in physical form by Modern Furniture Limited, an unlisted private company that doesn’t have a common seal submitted as evidence of the title. The same shall be clear and convincing evidence of title, if signed by;
i. two directors
ii. two directors, out of which one shall be managing director
iii. two directors and the Company Secretary, wherever the company has appointed a Company Secretary
iv. a director and the Company Secretary, wherever the company has appointed a Company Secretary
10 Sarvodhaya Urban Nidhi Limited has
14 Crore and 6 Crore as paid-up equity and preference share capital respectively. Balance in retain earnings account is 2.4 Crore. Equity share capital having face value of 10 each, while preference share has face value of 100 each. Mr. Surya and Mr. Chandan own11,20,000 and 5,60,000 shares respectively. In context of
resolution placed before the company which directly affect the rights attached to his preference shares, the voting right of Mr. Surya and Mr. Chandan in percentage term shall be:
(a) 8% and 4% respectively
(b) 5.6% and 2.8% respectively
(c) 5% and 2.8% respectively
(d) 5% and 2.5% respectively