1.

Q6. Consider the following statements about Promoter pledging: 1. Promoter pledging refers to the practice of promoters giving their shares as collateral. 2. Promoters, in order to raise funds for either personal or company needs, pledge their holding shares to any financial institution. Which of the above statements are correct?

Answer»

Q6. Consider the following statements about Promoter pledging:

1. Promoter pledging refers to the practice of promoters giving their shares as collateral.

2. Promoters, in order to raise funds for either personal or company needs, pledge their holding shares to any financial institution.

Which of the above statements are correct?




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