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Require help in QUESTIONS OF SECURITIES LAWS AND COMPLIANCES OF CS
*=> State,with reasons in briff, whether the following statements are true or false: [1] Consent order can take place only after filing criminal complaint by SEBI. [2] As per clause 20 of the listing agreement a listed company can issue superior rights as to voting or dividend. [3] The Draft offer document filed with Stock Exchange shall be made public for a period of 10 days from the date of filing the offer document with ROC . [4] The IDR issued by any issuing company in any financial year should not exceed 25 percent of its paid-up capital and free reserves. [5] Fixed coupon issue is a issue of government securities having determined yields/ prices by Reserve bank of India.
Replies (1)
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.
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