Under Section 13 of the 1934 Act,any person acquiring beneficial ownership of more than _____ of the equity shares of a reporting company must file a Schedule 13D providing information regarding the acquisition within ten days after crossing the designated ownership mark.

Question

Quizplus · Accepted Answer

Section 13 of the 1934 Act requires any person who acquires beneficial ownership of more than 5% of the equity shares of a reporting company to file a Schedule 13D within ten days of crossing the ownership threshold. Therefore, the correct answer is B) 5%.

Under Section 13 of the 1934 Act,any Person Acquiring Beneficial