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CA Final Compromises, Arrangements and Amalgamations — practice questions

Explore 69 free Compromises, Arrangements and Amalgamations questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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Compromises, Arrangements and Amalgamations questions and exercises with answers

Showing questions 1–30 of 69.

Section 230(2) requires the applicant to disclose material facts to the Tribunal in which form?Read the answer and worked solution →Which valuation report must accompany a CDR scheme under s.230(2)(c)(v)?Read the answer and worked solution →Besides creditors and members, who must get notice of a meeting called under s.230(3)?Read the answer and worked solution →For a listed company, the s.230(3) documents are also sent to SEBI and to whom?Read the answer and worked solution →Under s.230(4), persons may vote on the scheme within what period from receiving notice?Read the answer and worked solution →Besides self and proxy, how may a person vote on a s.230 scheme as per sub-section (4)?Read the answer and worked solution →Under the proviso to s.230(4), a shareholder objecting to a scheme must hold at least what share?Read the answer and worked solution →Under the proviso to s.230(4), a creditor may object if owed at least what share of total debt?Read the answer and worked solution →Regulators served under s.230(5) must make representations within how many days of receipt?Read the answer and worked solution →If a regulator sends no reply within 30 days under s.230(5), what is presumed?Read the answer and worked solution →Which body is among those served notice under s.230(5), if necessary?Read the answer and worked solution →A s.230(6) scheme binds all parties if agreed by what value majority and sanctioned by the Tribunal?Read the answer and worked solution →When does a scheme approved at a s.230 meeting bind the company and its creditors?Read the answer and worked solution →If a scheme converts preference shares into equity, s.230(7)(a) gives holders which option?Read the answer and worked solution →Under s.230(7)(c), variation of shareholders' rights by a scheme is given effect under which section?Read the answer and worked solution →Under s.230(8), the company files the Tribunal's order with the Registrar within how many days?Read the answer and worked solution →A scheme under s.230 involving a buy-back of securities must comply with which section?Read the answer and worked solution →Under s.230(11), a takeover offer by a listed company in a scheme follows whose regulations?Read the answer and worked solution →Under s.230(12), an aggrieved party in a non-listed company takeover offer applies to whom?Read the answer and worked solution →The Explanation to s.230 says which section does not apply to a Tribunal-ordered capital reduction?Read the answer and worked solution →Under s.230(2)(b), what must the affidavit disclose if the scheme includes it?Read the answer and worked solution →After sanctioning a scheme under s.231(1)(a), what power does the Tribunal hold?Read the answer and worked solution →If a sanctioned scheme cannot be implemented and the company cannot pay debts, s.231(2) lets the Tribunal do what?Read the answer and worked solution →A winding-up order under s.231(2) is deemed made under which section?Read the answer and worked solution →Section 231(1)(b) allows the Tribunal to make what changes after sanction?Read the answer and worked solution →In s.232, the company whose undertaking is transferred to another is called what?Read the answer and worked solution →For a merger meeting under s.232(1), which sub-sections of s.230 apply mutatis mutandis?Read the answer and worked solution →The directors' report under s.232(2)(c) must lay out the effect on classes of shareholders and what ratio?Read the answer and worked solution →What happens to shares the transferee company would hold in itself after a s.232 merger?Read the answer and worked solution →Section 232(3)(d) provides for dissolution of the transferor company in what manner?Read the answer and worked solution →

Worked practice questions

Section 230(2) requires the applicant to disclose material facts to the Tribunal in which form?

  1. A press release
  2. A board resolution
  3. An oral statement
  4. A sworn affidavit
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Correct answer: D. A sworn affidavit

The disclosure of material facts must be made by affidavit filed before the Tribunal.

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Which valuation report must accompany a CDR scheme under s.230(2)(c)(v)?

  1. By the Tribunal
  2. By the Registrar
  3. By a stock exchange
  4. By a registered valuer
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Correct answer: D. By a registered valuer

Clause (v) asks for a valuation of shares and all assets by a registered valuer.

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Besides creditors and members, who must get notice of a meeting called under s.230(3)?

  1. All the employees
  2. Trade suppliers only
  3. Walk-in customers
  4. The debenture-holders
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Correct answer: D. The debenture-holders

Section 230(3) extends the individual notice to the debenture-holders of the company.

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More Law topics

Corporate Insolvency Resolution Process under the IBCWinding UpAppointment and Qualifications of DirectorsSEBI Takeover and Insider Trading RegulationsForeign Exchange Management Act 1999Meetings of Board and Its PowersMiscellaneous Provisions, Adjudication, Special Courts, NCLT, e-FilingSEBI Act and Listing Regulations