Corporate and Other Laws - Sep Rtp 2025 RTP

1. Since the default was made good in FY 2018-2019, the company considered to issue new equity share with differential rights. According to the provisions of the Companies Act, do you think the company is eligible to issue the shares for the financial year 2019-2020? 4 SEPTEMBER 2025 EXAMINATION REVISION TESTE AGE CORPORATE AND OTHER LAWS (a) Yes, the company is immediately eligible to issue new shares as it has cleared all the dues and loan by September 2018. (b)…

2. According to the provision of the Companies Act, do you consider the company's action of affecting the transfer of partly paid shares to Mr. Bakshi is valid? (a) Yes, because the company waited for more than 7 days from the date of dispatch of notice before registering the transfer. (b) No, because the transferee did not give his explicit consent before the transfer of partly paid shares. (c) No, because Mr. Bakshi made objection within 2 weeks from the…

3. According to the provision of the Companies Act, can the company deny transferring shares in Mr. Varun’s name and what is the company’s obligation? (a) Yes, the company can refuse the transfer if he is not a registered shareholder. (b) No, the legal representative has the right to transfer even if they are not registered shareholder. (c) No, the company can deny if the legal representative's name is not registered with the company. (d) Yes, the company needs the…

4. Based on the buy-back limitations under the provision of the Companies Act, do you think the proposed buy-back is valid? (a) Yes, the buy-back is valid as the total amount (% 180 crore) is within 25% of the aggregate paid-up capital and free reserves (% 800 crore), and the buy-back in the new financial year is not affected by the previous year's buy-back. (b) Yes, the buy-back is valid as the number of shares (3 crore) is within the…

5. The company had earlier made buy-back of 1 crore shares in August 2023. Can it legally conduct another buy-back in October 2024? (a) Yes, as both of the gap between the buy backs is more than 1 year (b) No, as only one buy-back is allowed in the company’s lifetime (c) No, only listed companies can do multiple buy-backs (d) Yes, but only if Tribunal gives specific permission

Limited’s post-buy-back debt-to-equity ratio would have exceeded 2:1, which of the following is correct? (a) Buy-back is still valid if Board approves (b) | Buy-back will be invalid unless a higher ratio is prescribed by the Central Government (through Notification) for the company (c) The ratio rule applies only to private companies (d) Buy-back is still valid as the Companies Act, 2013, does not prescribe any limit on debt-to-equity ratio. 6 SEPTEMBER 2025 EXAMINATION REVISION TESTE AGE CORPORATE AND OTHER…

Samyak Solutions Limited held its Annual General Meeting (AGM) on 20" September, 2024 to adopt the financial statements for the financial year ending 31% March, 2024. However, due to lack of quorum, the meeting was adjourned and was finally held on 27" September, 2024. What is the last date for filing the Annual Return with the Registrar of Companies under the Companies Act, 2013. (a) 60 days from 31% March, 2024 (b) 60 days from 20" September, 2024 (c) 60…

Leaf Limited, an Indian company with a total paid-up share capital of % 50 crore, has a wide base of shareholders, including a large number residing in the Middle East. Out of its total capital, ₹15 crore worth of shares are held by members residing in Kuwait. To facilitate better maintenance of records and communication with its overseas shareholders, the company decides to open a foreign register in Kuwait containing the names and particulars of those members and other security…