Skip to content

CMA Intermediate · Business Laws and Ethics · Rights of Shareholders

The Tribunal passes an order on an application under Section 48(2) on 10 July. What must the company do next under Section 48?

The company must file a copy of the Tribunal's order with the Registrar within thirty days of the date of the order. The decision is binding on shareholders, but this filing requirement still applies under Section 48(4).

  1. AFile a copy of the order with the Registrar within thirty days of the orderCorrect
  2. BFile a copy with SEBI within twenty-one days
  3. CSeek approval of members by special resolution within sixty days
  4. DNothing, as the order is binding without any filing

Explanation

Section 48(4) requires the company to file a copy of the Tribunal's order with the Registrar within thirty days of the date of the order. Section 48(3) makes the decision binding but does not remove the filing duty.

Did you get it right without looking?

One question tells you little. A timed set on Rights of Shareholders shows your real accuracy, how long you take and where you lose marks.

Practise Rights of ShareholdersFree diagnostic mock

More Rights of Shareholders questions