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CA Final Public Issue and Capital Raising Rules — practice questions — page 2

Explore 78 free Public Issue and Capital Raising Rules questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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Public Issue and Capital Raising Rules questions and exercises with answers

Showing questions 31–60 of 78.

Which promoter shares cannot be pledged even when locked in, under Reg 21(1)?Read the answer and worked solution →Reg 22: locked-in promoter securities may move to whom, subject to takeover rules?Read the answer and worked solution →Reg 27: face value must be shown beside the price in which font size?Read the answer and worked solution →Reg 29(3): the floor or final price cannot be below what?Read the answer and worked solution →Reg 29(4): an undisclosed price band must be announced how long before opening?Read the answer and worked solution →Reg 30(1)(a): maximum discount to retail or employees versus net offer price?Read the answer and worked solution →Reg 30(1)(b): anchor investor price compared with other applicants?Read the answer and worked solution →Reg 30(2): how must any discount be expressed in the offer document?Read the answer and worked solution →Reg 32(1)(a): minimum retail share of the net offer in a book-built issue?Read the answer and worked solution →Reg 32(1)(b): minimum net offer share for non-institutional investors?Read the answer and worked solution →Reg 32(1)(c): what share of the QIB portion is set aside for mutual funds?Read the answer and worked solution →Reg 32(2)(a): retail share cap in a Reg 6(2) book-built issue?Read the answer and worked solution →Reg 32(3): anchor investors may get up to what share of the QIB portion?Read the answer and worked solution →Reg 33(2)(a): employee reservation limit as a share of post-issue capital?Read the answer and worked solution →Reg 34(2): what must accompany every application form?Read the answer and worked solution →Reg 40(2)(a): who underwrites a book-built public issue?Read the answer and worked solution →Reg 40(1): underwriters for a non-book-built IPO act under which regulations?Read the answer and worked solution →Reg 45(1): minimum subscription is what share of the offer?Read the answer and worked solution →Reg 46(1): minimum period an IPO must stay open?Read the answer and worked solution →Reg 47(2): the minimum application value must fall within which range?Read the answer and worked solution →Reg 47(4): minimum sum payable on application, as a share of issue price?Read the answer and worked solution →Reg 47(4) proviso: in an offer for sale, what is payable on application?Read the answer and worked solution →Reg 49(1): no allotment if prospective allottees number fewer than how many?Read the answer and worked solution →Reg 54: promoter transactions in securities are reported to exchanges within how long?Read the answer and worked solution →Reg 56 bars further issues from draft filing until which event?Read the answer and worked solution →Reg 57(3): green shoe stabilisation can last for at most how many days?Read the answer and worked solution →Reg 57(1)(b): who acts as the green shoe stabilising agent?Read the answer and worked solution →Reg 58: altering rights of holders needs written consent of what share of that class?Read the answer and worked solution →Reg 59: what must promoters give dissenting shareholders on a change of objects?Read the answer and worked solution →Reg 62(2): general corporate purposes in a rights issue are capped at what share?Read the answer and worked solution →

Worked practice questions

Which promoter shares cannot be pledged even when locked in, under Reg 21(1)?

  1. Ordinary shares
  2. SR equity shares
  3. Bonus shares
  4. Warrants held
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Correct answer: B. SR equity shares

Regulation 21(1) permits pledge of locked-in promoter securities except SR equity shares.

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Reg 22: locked-in promoter securities may move to whom, subject to takeover rules?

  1. The lead manager
  2. Any public investor
  3. Another promoter
  4. A mutual fund
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Correct answer: C. Another promoter

They may be transferred to another promoter, a person of the promoter group or a new promoter, and the lock-in continues with the transferee.

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Reg 27: face value must be shown beside the price in which font size?

  1. Smaller size
  2. Bold type only
  3. Footnote size
  4. Identical size
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Correct answer: D. Identical size

Face value disclosure must appear along with the price band or issue price in identical font size.

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