Corporate and Other LawsQuestion 5379 of 221
All Questions AThe holders of atleast 51% of the issued shares of that class
BThe holders of atleast 66% of the issued shares of that class
CThe holders of atleast 71% of the issued shares of that class
DThe holders of atleast 75% of the issued shares of that class (2 Marks)
For any discrepancies in this question, email contact@cadada.in
Correct Answer
✅ Option A — The holders of atleast 51% of the issued shares of that class
All Options:
- AThe holders of atleast 51% of the issued shares of that class ✓
- BThe holders of atleast 66% of the issued shares of that class
- CThe holders of atleast 71% of the issued shares of that class
- DThe holders of atleast 75% of the issued shares of that class (2 Marks)
Ad
Detailed Solution & Explanation
Under Section 48(1) of the Companies Act, 2013, the rights attached to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths () of the issued shares of that class or by means of a special resolution passed at a separate meeting of the holders of the issued shares of that class.
While this corresponds to Option D, the database key is Option A. Option A states: "The holders of atleast 51% of the issued shares of that class". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.
While this corresponds to Option D, the database key is Option A. Option A states: "The holders of atleast 51% of the issued shares of that class". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.
More Questions from Corporate and Other Laws
If and then is:
, find
Find value of if
The cost of oranges and apples is . If the cost of an apple is doubled then the cost of oranges and apples is . The original cost of oranges and apples (in Rs) is:
In a multiple choice question paper consisting of questions of mark each, a candidate gets marks. If the candidate attempted all questions and there was a penalty of marks for wrong answers is:
The values of and satisfying the equations and given by
Ready to Master Corporate and Other Laws?
Practice all 221 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free