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1) Share and share certificate have following characteristics:

Correct! Wrong!

2) The authorized share capital can be increased only with the approval of:

Correct! Wrong!

3) Preference Shareholders are:

Correct! Wrong!

4) Any change in the capital clause of memorandum of association of the company shall be filed by the company with the registrar within:

Correct! Wrong!

5) Application to the court for an order against resolution varying the rights of the member may be made by members having at least:

Correct! Wrong!

6) A company can purchase share of its holding company if:

Correct! Wrong!

7) The __________ is the nominal amount of shares (in each class) that have been issued to shareholders.

Correct! Wrong!

8) _________ is the maximum amount of shares (in each class) that company may issue.

Correct! Wrong!

9) The company if allowed can alter the capital clause of its memorandum of association so as to:

Correct! Wrong!

10) __________ is allowed to but back its own share

Correct! Wrong!

CAF 03 - Quiz - Section 3
Better luck next time!
Good!
Well done!