Question
ABC Ltd had issued 20,000 debentures with FV of Rs.100 each, redeemable at 5% premium. Debenture holders have an option to convert 20% of redemption value of their holdings into equity shares having face value of 10 issued at a premium of 50%. If, 2500 debenture holder did not avail the conversion option, how many shares would the company have to issue?
More Commercial Laws Questions
- Mr. X is currently a director in 10 Public Companies. He is offered a directorship in Y Ltd., which is a Private Company but a subsidiary of a Public Compa...
- As per section 149(3), at least 1 resident director who has stayed in India for _____ on Board is mandatory.
- A company foreited certain equity shares. These were re-issued later in the year. The profit on Forfeiture of these shares would be transferred to which ...
- In the case of a Government company the Comptroller and Auditor-General of India shall, appoint an auditor within a period of _____________ from the commen...
- Under Section 144 of the Companies Act, 2013, an auditor appointed under the Act is prohibited from providing which of the following services directly or i...
- Which of the following is NOT correct about Equity and Preference share?
- Which of the following is NOT a ground for disqualification of a person for appointment as an auditor under Section 141(3) of the Companies Act, 2013?
- What is the quorum required for a Board of Directors meeting according to Companies Act, 2013?
- A company reported net profit ratio of 5% and RoA of 9% on total assets of Rs.90 Lakh. What will be the Total Asset Turnover Ratio of the company?
- SQ Ltd. is a public company with a total sanctioned Board strength of six directors. Five directors are present at a duly convened Board meeting to deliber...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)