Question
Alpha Tech Ltd. filed a Shelf Prospectus on April 1, 2026, for a series of debenture issues over the next year. On August 15, 2026, the company created a new floating charge on its assets to secure a bank loan. Before launching its second offer of debentures in October 2026, the company must comply with which of the following requirements under Section 31?
- I It must file a fresh Red Herring Prospectus because a new charge constitutes a material change. I
- I It must file an Information Memorandum with the Registrar within the prescribed time prior to the second offer. II
- I It must issue an Abridged Prospectus specifically highlighting the new charge to all existing debenture holders. I
- V If an investor had already applied for securities before the change was notified, the company must refund the money within 15 days if the investor desires to withdraw.
More Commercial Laws Questions
- A company bought a new machinery worth Rs.4 lakh by issuing 10% Debentures of value Rs.160 were issued at a premium of 25%. How much amount is credited to ...
- According to Section 167 of the Companies Act, 2013, the office of a director shall become vacant in which of the following circumstances? (I) He inc...
- The government has recently announced that the minors can also subscribe to the NPS scheme. What is the name of the scheme of NPS for minors?
- As per the Companies Act, what are the conditions for which should be fulfilled for right issue?
- Which of the following is NOT correct about Equity and Preference share?
- Under Section 160 of the Companies Act, 2013, a person who is not a retiring director shall be eligible for appointment to the office of a director at any ...
- A person shall be eligible for appointment as an auditor of a company only if he is a _______________
- Except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as may be prescribed, no c...
- The auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company , after ob...
- Which of the following statements regarding Interim Dividend is FALSE as per Section 123?
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)