Finance Quiz on Debentures and Capital Reduction
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Questions and Answers

What is the maximum rate of underwriting commission for debentures?

  • 4%
  • 2.5%
  • 5% (correct)
  • 10%

    • Which of the following is NOT a possible maximum rate of underwriting commission for debentures?

  • 3% (correct)
  • 4%
  • 10%
  • 5%

    • When a company reduces its share capital, which of the following approvals is necessary?

  • Approval from the auditors
  • Approval from shareholders
  • Approval from the regulatory authority (correct)
  • Approval from the board of directors

    • What will happen if a company reduces its share capital without necessary approval?

    <p>The company may face regulatory penalties</p> Signup and view all the answers

    Which of the following rates is the highest possible underwriting commission for debentures?

    <p>5%</p> Signup and view all the answers

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