Start learning →

CA Final Compromises, Arrangements and Amalgamations — practice questions — page 2

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.

Practise Compromises, Arrangements and Amalgamations with Quill →

Compromises, Arrangements and Amalgamations questions and exercises with answers

Showing questions 31–60 of 69.

Section 232(3)(g) deals with the transfer of which group to the transferee company?Read the answer and worked solution →Under s.232(3)(i), fees paid by a dissolved transferor on authorised capital are treated how?Read the answer and worked solution →Under s.232(4), a transferred property may, if the order directs, be freed from which burden?Read the answer and worked solution →A certified copy of the s.232 order is filed with the Registrar within what time?Read the answer and worked solution →Under s.232(6), a scheme must clearly indicate which date, effective from then and not later?Read the answer and worked solution →Until scheme completion, who certifies the yearly s.232(7) statement filed with the Registrar?Read the answer and worked solution →The minimum fine for contravening s.232 by a transferor or transferee company is what?Read the answer and worked solution →When a company's undertaking moves to an existing company, s.232 calls the scheme what?Read the answer and worked solution →Transfer of two or more companies' undertakings to a new company is called what in s.232?Read the answer and worked solution →A scheme where one company's undertaking is divided among two or more companies involves what, per s.232?Read the answer and worked solution →Section 233 fast-track merger applies to a holding company and which kind of company?Read the answer and worked solution →Under s.233(1)(a), the notice inviting objections goes to the Registrar and whom?Read the answer and worked solution →Under s.233(1)(b), members holding what share of total shares approve the scheme?Read the answer and worked solution →Each company in a s.233 merger must file what with the Registrar?Read the answer and worked solution →Under s.233(1)(d), creditors' approval needs what share in value?Read the answer and worked solution →Notice of the creditors' meeting under s.233(1)(d) is given for how many days?Read the answer and worked solution →Under s.233(4), the Registrar or Official Liquidator has how long to send objections to the Central Government?Read the answer and worked solution →The Central Government may apply to the Tribunal against a s.233 scheme within how many days of receipt?Read the answer and worked solution →Registration of a s.233 scheme has what effect on the transferor company?Read the answer and worked solution →Shares held by the transferee in its own name after a s.233 merger are treated how?Read the answer and worked solution →A foreign company merging with an Indian company under s.234(2) needs prior approval of whom?Read the answer and worked solution →Consideration in a cross-border merger under s.234(2) may be paid in cash or in what instrument?Read the answer and worked solution →Under s.234(1), mergers with foreign companies are allowed with jurisdictions notified by whom?Read the answer and worked solution →Under s.235(1), the transferee company may acquire dissenters' shares once holders of what share approve?Read the answer and worked solution →Under s.235(1), approval by the nine-tenths holders must come within how long of the offer?Read the answer and worked solution →A dissenting shareholder served notice under s.235(2) may apply to the Tribunal within what time?Read the answer and worked solution →Money received by the transferor under s.235(4) must be paid into what?Read the answer and worked solution →Under s.235(4), sums held in trust are paid to entitled shareholders within how many days?Read the answer and worked solution →Under s.236(1), an acquirer must notify the company of intent to buy the rest at what holding?Read the answer and worked solution →Price for minority purchase under s.236(2) is set on a valuation by whom?Read the answer and worked solution →

Worked practice questions

Section 232(3)(g) deals with the transfer of which group to the transferee company?

  1. Debenture trustees
  2. Statutory auditors
  3. All the employees
  4. Independent directors
Show answer and solution

Correct answer: C. All the employees

Clause (g) covers moving the employees of the transferor to the transferee company.

Open this question →

Under s.232(3)(i), fees paid by a dissolved transferor on authorised capital are treated how?

  1. They are forfeited
  2. Set off against fees
  3. They are refunded
  4. Paid to creditors
Show answer and solution

Correct answer: B. Set off against fees

They are set off against the fees payable by the transferee on its authorised capital after amalgamation.

Open this question →

Under s.232(4), a transferred property may, if the order directs, be freed from which burden?

  1. Any charge
  2. Any tax
  3. Any lease
  4. Any insurance
Show answer and solution

Correct answer: A. Any charge

The order can direct that property be freed from a charge that ceases to have effect by virtue of the scheme.

Open this question →

How to practise

  1. Choose a Compromises, Arrangements and Amalgamations question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

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