What minimum share of a class may apply to the Tribunal against a variation?
AFive per cent
BFifteen per cent
CTwenty per cent
DTen per cent
Answer & Solution
Correct answer: D. Ten per cent
Holders of at least ten per cent of the class who did not consent or vote for the variation may go to the Tribunal.
Keep practising Share Capital and Debentures
Browse all Share Capital and Debentures questions for CA Inter, or explore more Law topics.
Related questions
For shares in depository form, what is prima facie evidence of the owner's interest?In US usage, a debenture is specifically what kind of instrument?Convertible debentures typically carry what interest versus non-convertible ones?On a holder's death, who gets the securities under a valid nomination?Which of these is included in the Act's definition of debenture?Who can order immediate redemption of overdue debentures?A contract to take up debentures may be enforced by what remedy?A debenture trustee is mandatory if offer exceeds how many persons?