Require help in QUESTIONS OF SECURITIES LAWS AND COMPLIANCES OF CS
Hardik Dave (IPCC and CS Professional(FINAL) Student) (15533 Points)
30 January 2011Hardik Dave (IPCC and CS Professional(FINAL) Student) (15533 Points)
30 January 2011
CS Snehal
(Compliance Manager)
(346 Points)
Replied 03 February 2011
Q1: False (not sure)
2: False, LA clause 20 prohibits Companies for issuing shares with superior rights as to voting or dividend
3. False, The draft offer document filed with the Board shall be made public for a period of 21 days from the date of filing the offer document with the Board.
4. False, The IDR issued by any issuing company in any financial year should not exceed 15 percent of its paid up capital and free reserves.
5. True.
Hope this clarifies.