alleryStart learning →Consolidating shares that alters voting percentages needs whose approval?
AThe Registrar
BCentral Government
CThe stock exchange
DThe Tribunal
Answer & Solution
Correct answer: D. The Tribunal
The proviso to Section 61(1)(b) makes such a consolidation effective only after Tribunal approval.
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?