Compliance Manager
346 Points
Joined December 2009
Q1: False (not sure)
2: False, LA clause 20 prohibits Companies for issuing shares with superior rights as to voting or dividend
3. False, The draft offer document filed with the Board shall be made public for a period of 21 days from the date of filing the offer document with the Board.
4. False, The IDR issued by any issuing company in any financial year should not exceed 15 percent of its paid up capital and free reserves.
5. True.
Hope this clarifies.