6. Where the holders of at least ______ of the issued shares of a class who did not, consent to or vote in favour of the resolution for the variation, may apply to the Tribunal to have the variation cancelled, and where any such application is made, the variation shall not have effect unless and until it is confirmed by the Tribunal.
Options
A1%
B10%
C66%
D95%
(2 Marks)
Case Scenario - III
Dr. Ronak Mosay, a renowned lyricist and a folk singer wants to perform with
his musicians across the world on a Cultural tour, partially sponsored by Youth
Welfare Department of his local government. His next show is in the city of
Vancouver, Canada. Dr. Ronak Mosay is an Indian citizen and a person resident
in India. Dr. Ronak Mosay is also having his brother living in Canada. Dr. Ronak
Mosay also regularly keeps promoting and sponsoring Cricket tournaments in
Canada. For his forthcoming tour to Canada, he wants to remit foreign
exchange for hotel and for other event booking expense.
Based on the facts given in the above case and by applying the relevant
provisions of the Foreign Exchange Management Act, 1999 and the applicable
rules (if any) therein, choose the correct answer of the following MCQs: (Q. No.
7 to Q. No. 9)
For any discrepancies in this question, email contact@cadada.in