Which of the following statements is correct?
A) the Corporations Act allows a company to only convert an ordinary share into a preference share
B) the Corporations Act allows a company to convert an ordinary share into a preference share and convert a preference share into an ordinary share
C) the Corporations Act prohibits a company from convert shares into different types
D) the Corporations Act allows a company to only convert a preference share into an ordinary share
Correct Answer:
Verified
Q5: Explain the concept of the forfeiture of
Q6: Explain when and how capital may be
Q7: The Corporations Act specifies five types of
Q8: In the Corporations Act,the repurchase of a
Q9: Identify the five types of buy- back
Q11: Included in the share capital of Sundale
Q12: The surrendering of shares according to the
Q13: An on- market buy- back is where:
A)a
Q14: When shares are subdivided:
A)changes must be recorded
Q15: Explain the concept of a share buy-
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