alleryStart learning →Reg 58: altering rights of holders needs written consent of what share of that class?
ANine-tenths
BOne-half
CThree-fourths
DTwo-thirds
Answer & Solution
Correct answer: C. Three-fourths
Terms that adversely affect holders may change only with written consent of holders of not less than three-fourths of that class, or a special resolution at a class meeting.
Keep practising Public Issue and Capital Raising Rules
Browse all Public Issue and Capital Raising Rules questions for CA Final, or explore more Law topics.
Related questions
Under the Reg 5 Explanation, a past debarment stops barring an IPO when?Reg 183(2)(a): minimum size of an IDR issue?Reg 183(1)(a): an IDR issuer must be listed in its home country for at least?Reg 180: the largest share any single QIP allottee may receive?Reg 180: minimum QIP allottees when the issue is up to Rs 250 crore?Reg 172(3): minimum gap between successive QIPs?Reg 172(1)(b): QIP equity shares must have been listed at least how long?Reg 172(1)(a): QIP allotment must follow the special resolution within?