MCQ for CA Final LAW - PART 1 - Corporate Laws - Section A - Company Law - Chapter 5 COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS

Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 5: COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS - For Practice relevant for May/Nov 23 Examinations

 

Q:1 A scheme of merger or amalgamation proposed in accordance with the provisions of section 233, is required to be approved by the creditors or class of creditors of the transferor company or companies and the transferee company. Such approval of creditors shall be obtained in a meeting convened by the company of which ______ notice, along with the scheme, is given to all the creditors _____ in writing.  

 

  1. 14 days; and
  2. 14 days; or
  3. 21 days; and
  4. 21 days; or

Answer: 4

Q:2 Where a scheme of merger or amalgamation is approved in accordance with the provisions of section 233, the transferee company shall file a copy of the approved scheme with ___________.

 

  1. The Central Government
  2. Registrar
  3. The Official Liquidator
  4. All of these

Answer: 4

Q:3 Beta Ltd. is a wholly owned subsidiary of Papa Ltd. A merger of Beta Ltd. and Papa Ltd. can be effected by __________.   

 

  1. Complying with the provisions of section 232 read with section 230
  2. Complying with the provisions of section 233
  3. Either (a) or (b)
  4. Complying with the provisions of section 234

Answer: 3

Q:4 Prior approval of ________ shall be required for merger of a foreign company into a company registered under the Companies Act, 2013 or vice-versa.        

 

  1. The Reserve Bank of India
  2. The Tribunal
  3. The Central Government
  4. All of these

Answer: 1

Q:5 The terms and conditions of the scheme of merger of foreign company into a company registered under this Act or vice-versa may provide that consideration to the shareholders of the merging company shall be paid ______.               

 

  1. In cash
  2. In Depository Receipts
  3. partly in cash and partly in Depository Receipts
  4. None of these

Answer: 3

Q:6 Giant Ltd. prepares a scheme by which an offer is made to the shareholders of Small Ltd. to acquire their shares. Such offer shall remain open for a period of ____.   

 

  1. 6 months
  2. 4 months
  3. 2 months
  4. 1 month

Answer: 2

CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 6   

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