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Questions and Answers
What is the maximum rate of underwriting commission for debentures?
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?
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?
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?
What will happen if a company reduces its share capital without necessary approval?
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Which of the following rates is the highest possible underwriting commission for debentures?
Which of the following rates is the highest possible underwriting commission for debentures?
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