ACA Law Chapter Seven Companies: Finance 0.0 / 5 ? AccountingLaw WorkbookOtherOther Created by: DeborahRobinsonCreated on: 14-02-22 19:34 What are the three most common types of shares Ordinary Preference Redeemable 1 of 13 Who is normally offered the benefit of rights issues and bonus issues Ordinary shareholders 2 of 13 What type of shares carry pre-emption rights Ordinary Preference only if specifically conferred by the articles or terms of issue of shares 3 of 13 When may a public company issue redeemable shares Only if the articles give permission 4 of 13 What type of resolution is needed to vary class rights A special resolution 5 of 13 What percentage of holders of a class of shares can apply to the court to have a variation cancelled as unfairly prejudical 15% 6 of 13 Under what basis can the directors of a company allot shares By the articles By ordinary resolution 7 of 13 Can shares by sold at a discount or premium They can be sold at a premium but not at a discount 8 of 13 How much must a public companies share be paid up to At least 1/4 (except for an employee share scheme) 9 of 13 How can a public company reduce its share capital A special resolution confirmed ay the court 10 of 13 How can a private company reduce its share capital A special resolution confirmed by the court A special resolution supported by a solvency statement 11 of 13 At what point does a floating charge become fixed When it crystalises 12 of 13 When must a charge be registered Within 21 days 13 of 13
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