A. 15 months
B. 18 months
C. 12 months
D. none of these
✅ The correct answer is option B.
72. The doctrine of__________ does not apply to acts void ab initio.
A. ultra virus
B. intra virus
C. constructive notice
D. indoor management
✅ The correct answer is option D.
70. Cumulative preference share holders have voting right if dividend are in arrears for years
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option B.
68. In case of Partly Convertible Debentures non-convertible portion is classified as_____
A. debt
B. equity
C. both (a) & (b)
D. none of the above
✅ The correct answer is option A.
66. Transmission is effected by
A. sale
B. death
C. insolvency
D. both (b) & (c)
✅ The correct answer is option D.
64. Which of the following can be used for buy back of shares
A. free reserves
B. securities premium
C. proceeds of fresh issue of shares
D. all of the above
✅ The correct answer is option D.
62. Deposits should issued with in__________ weeks from the date of receipt of money.
A. 2
B. 4
C. 6
D. 8
✅ The correct answer is option D.
60. If minimum subscription is not received application money should be refunded with in _____ days
A. 20
B. 25
C. 30
D. 10
✅ The correct answer is option D.
58. Information memorandum + shelf prospectus together constitutes_____
A. memorandum
B. articles
C. prospectus
D. none of the above
✅ The correct answer is option C.
94. In the event of appointing a proxy joint holders shall sign the proxy form
A. singularly
B. jointly
C. none of the above
D. both (a) & (b)
✅ The correct answer is option B.