Question
Which of the following is NOT correct about Equity and
Preference share?Solution
Shares can be classified into two categories - Preference shares and equity shares. ·       Preference shares: According to Section 43 of Companies Act 2013, persons holding preference shares are assured of preferential dividend at a fixed rate during the life of the company. ·       Equity shares: Equity shares are those shares, which are not preference shares. It means they do not enjoy any preferential rights in the matter of payment of dividend or repayment of capital.
As per the Companies Act, NCLAT does not hear appeals against the orders of ________
The capital that is specified in the Memorandum of association of a company is ___________
What should be the minimum subscription against the entire public issue?
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...
Pursuant to Section 35 of the Companies Act, 2013, which of the following persons shall be held liable to pay compensation to every person who has susta...
What does the term "Memorandum" refer to in the context of Companies Act?
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A company decides to raise money by issue of preference shares. As per the Companies Act, it can issue preference shares with a maximum tenure of ______...
Where at any Annual General Meeting (AGM), no auditor is appointed or re-appointed, what is the legal consequence as per Section 139(10)?
A listed company declared a final dividend at its Annual General Meeting (AGM) held on September 1, 2025. According to Section 124, by which date must t...
