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CA Inter Companies Incorporated Outside India — practice questions — page 2

Explore 46 free Companies Incorporated Outside India questions in CA Inter Law. Open each question or exercise to read its content, reference answers and available explanation.

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Companies Incorporated Outside India questions and exercises with answers

Showing questions 31–46 of 46.

A form may skip the prospectus only for what?Read the answer and worked solution →A prospectus quoting an expert needs what from the expert?Read the answer and worked solution →Under section 388(1)(b), a prospectus must bind all persons concerned to which sections?Read the answer and worked solution →Who certifies the prospectus copy for registration?Read the answer and worked solution →The certified prospectus copy must show approval by what?Read the answer and worked solution →An Indian Depository Receipt is created in India by whom?Read the answer and worked solution →An Indian Depository Receipt is authorised by which kind of company?Read the answer and worked solution →Who makes rules on offer of IDRs under section 390?Read the answer and worked solution →Which matter do IDR rules cover?Read the answer and worked solution →Which sections on prospectus misstatement apply under section 391?Read the answer and worked solution →Closure of a foreign company's Indian place of business with unpaid securities money follows which Chapter?Read the answer and worked solution →What is the minimum fine on a foreign company for contravening Chapter XXII?Read the answer and worked solution →For a continuing offence, the extra fine on a foreign company may extend to what amount per day?Read the answer and worked solution →Non-compliance with Chapter XXII does what to its contracts?Read the answer and worked solution →Exemption notifications under 393A are laid before whom?Read the answer and worked solution →Old foreign companies still deliver documents under which 1956 Act section?Read the answer and worked solution →

Worked practice questions

A form may skip the prospectus only for what?

  1. A private placement to promoters
  2. A bona fide invitation to underwrite
  3. An offer to its own employees
  4. A rights issue made abroad
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Correct answer: B. A bona fide invitation to underwrite

The proviso to section 387(3) excuses a form issued in connection with a bona fide invitation to underwrite the securities.

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A prospectus quoting an expert needs what from the expert?

  1. A sworn affidavit of facts
  2. An indemnity bond to buyers
  3. A Registrar no-objection
  4. His written consent to it
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Correct answer: D. His written consent to it

Section 388(1)(a) bars issue unless the expert has given, and not withdrawn, written consent to the statement as included.

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Under section 388(1)(b), a prospectus must bind all persons concerned to which sections?

  1. Sections 33 and 40
  2. Sections 26 and 30
  3. Sections 35 and 36
  4. Sections 38 and 42
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Correct answer: A. Sections 33 and 40

Section 388(1)(b) makes the prospectus bind persons concerned by sections 33 and 40, so far as applicable.

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More Law topics

Audit and AuditorsManagement and AdministrationShare Capital and DebenturesIncorporation of CompanyProspectus and Allotment of SecuritiesCompanies Act - PreliminaryThe General Clauses Act 1897Accounts of Companies