MCQ on Right issue and Bonus issue of Shares
1. As per section 81, Rights
shares are issued after two years from the formation of a company or the expiry
of one year from the first allotment of shares in the company whichever is
earlier. True
2. Right shares are first offered
to the existing share holders. True
3. Right share are not offered to
the existing equity shareholders if:
a.
The company in general meeting has so decided by
a special resolution
b.
Decided by an ordinary resolution and same has
been approved by the central government
c.
Right shares are offered to existing
shareholders only.
d.
Both a and b.
Also Read MCQ
4. As per SEBI guidelines right
issue should not be kept open for more than 60 days. True
5. Section 81 is not applicable to:
a.
A private company
b.
Conversion of debenture into shares
c.
Option to subscribe for shares in the company attached
to debentures issued or loan raised by the company
d.
All of the above.
(a) Theoretical market price
after right issue
a.
30
b.
30.25
c.
30.63
d.
31
(b) Value of Rights
a.
9.11
b.
9.37
c.
9.50
d.
9.67
(c) Percentage increase in share
capital:
a.
40%
b.
50%
c.
60%
d.
70%
(d) Percentage increase in total
funds:
a.
80%
b.
90%
c.
75%
d.
100%