Start learning →

CA Final Compromises, Arrangements and Amalgamations — practice questions — page 3

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 61–69 of 69.

Under s.236(3), minority shareholders may do what?Read the answer and worked solution →Under s.236(7), the right of heirs of a deceased minority holder to sell continues for how long?Read the answer and worked solution →Who may notify an order for amalgamation in public interest under s.237?Read the answer and worked solution →A person aggrieved by compensation assessed under s.237(3) appeals to whom within 30 days?Read the answer and worked solution →Each section 237 order must be laid before whom after being made?Read the answer and worked solution →Under s.237(3), a member whose rights in the transferee company are less is entitled to what?Read the answer and worked solution →Under s.238(1)(c), a circular offering a share transfer scheme must be presented to whom for registration?Read the answer and worked solution →Under s.238(1)(b), every offer must state what steps the transferee has taken about what?Read the answer and worked solution →Under s.240, liability of officers in default for offences before a merger does what after it?Read the answer and worked solution →

Worked practice questions

Under s.236(3), minority shareholders may do what?

  1. Offer to sell shares
  2. Force a winding up
  3. Remove the auditor
  4. Block the valuation
Show answer and solution

Correct answer: A. Offer to sell shares

The minority may offer to the majority to purchase their equity at the prescribed price.

Open this question →

Under s.236(7), the right of heirs of a deceased minority holder to sell continues for how long?

  1. One year
  2. Two years
  3. Three years
  4. Five years
Show answer and solution

Correct answer: C. Three years

The right remains available for three years from the date of majority acquisition.

Open this question →

Who may notify an order for amalgamation in public interest under s.237?

  1. The Central Government
  2. The Tribunal bench
  3. The market regulator
  4. The Registrar office
Show answer and solution

Correct answer: A. The Central Government

Section 237(1) empowers the Central Government to order amalgamation by gazette notification when essential in public interest.

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