Corporate and Other LawsMCQQuestion 6034 of 221
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13. Super Brain Coaching Limited was engaged in offline coaching of students for various competitive examinations. It was one of the pioneer in its field. It suffered losses due to various social and government restrictions imposed on study centers. On account of this, it defaulted in the repayment of term loan for the first two quarters of the financial year 2023-24. However, Super Brain Coaching Limited adapted itself to the changing circumstances and shifted to online mode of coaching and revived its financial conditions. On 31st December 2023, it cleared all the dues and regularized the term loan. Super Brain Coaching Limited wants to issue equity shares with differential rights. When can the issue be made?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — On or after January 1st 2029

All Options:

  • AOn or after January 1st 2029 ✓
  • BOn or after April 1st 2029
  • COn or after April 1st 2027
  • DOn or after January 1st2027

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

Key Concepts to Understand

More Questions from Corporate and Other Laws

If 3x+y+2x−y=−1\displaystyle 3x+y+2x−y\displaystyle \frac{3}{x+y} + \frac{2}{x-y} = -1 and 1x+y−1x−y=43\displaystyle 1x+y−1x−y=43\displaystyle \frac{1}{x+y} - \frac{1}{x-y} = \frac{4}{3} then (x,y)\displaystyle (x, y) is:

2x+510+3x+1015=5\displaystyle \frac{2x+5}{10} + \frac{3x+10}{15} = 5, find x\displaystyle x

Find value of x2−10x+1\displaystyle x^2 - 10x + 1 if x=15−26\displaystyle x = 15−26\displaystyle \frac{1}{5-2\sqrt{6}}

The cost of 2\displaystyle 2 oranges and 3\displaystyle 3 apples is $28$. If the cost of an apple is doubled then the cost of $3orangesand\displaystyle oranges and5$ apples is $75$. The original cost of 7\displaystyle 7 oranges and 4\displaystyle 4 apples (in Rs) is:

In a multiple choice question paper consisting of $100questionsof\displaystyle questions of1\displaystyle mark each, a candidate gets $60\% marks. If the candidate attempted all questions and there was a penalty of $0.25$ marks for wrong answers is:

The values of x\displaystyle x and y\displaystyle y satisfying the equations 3x+y+2x−y=3\displaystyle 3x+y+2x−y=3\displaystyle \frac{3}{x+y} + \frac{2}{x-y} = 3 and 2x+y+3x−y=233\displaystyle 2x+y+3x−y=233\displaystyle \frac{2}{x+y} + \frac{3}{x-y} = \frac{23}{3} given by

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