CIMA Related Exams
BA4 Exam
Which of the following is INCORRECT in relation to the Unfair Terms in Consumer Contracts Regulations 1999?
Which of the following is correct?
i. A company intending to issue new shares for cash must first offer them to the existing shareholders.
ii. A company may dispense with the requirement to offer new shares to existing shareholders by passing a special resolution.
iii. A company issuing shares for a non-cash consideration is not required to offer the shares to the existing members first.