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ALL - ICSI

2/2015/ACLP (N/S) : 1 :331/1 Roll allowed : 3 hoursMaximum marks : 100 Total number of questions : 6 Total number of printed pages : 7 NOTE : 1. Answer ALL All references to sections relate to the Companies Act, 2013 unless stated (a)Your client Vivek wants to form a private company with a share capital of 50, the relevant provisions of the Companies Act, 2013, advise Vivek on thefollowing issues with proper justification :(i)Whether Vivek will be successful in the formation of the proposed company ?

2/2015/ACLP (N/S) Contd ..... 331: 6 : (c) If the majority of shareholders decide to reduce the share capital of the company by special resolution, it has the right to decide how the reduction shall take place.

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