NISM Series XV Chapter 9: Corporate Actions 📚 Top 20 MCQs💯 Research Analyst скачать в хорошем качестве

NISM Series XV Chapter 9: Corporate Actions 📚 Top 20 MCQs💯 Research Analyst

🎯 NISM Series XV: Research Analyst | Chapter 9 - Corporate Actions | Top 20 Questions & Answers with Detailed Explanation 💡 India's Most Trusted Platform For NISM Exam Practice 🌐 Visit: https://nismseries.com/ 📞 Contact: +91 9907566149 +91 9485132399 📧 Email: help.nismseries@gmail.com 📚 Unlimited Mock Tests Available | Practice More, Score More! Master Chapter 9 with the most important MCQs! Dividend Declaration, Bonus Issue, Stock Split, Rights Issue, Buyback, Merger & Acquisition, Demerger/Spin-off, Delisting Rules, TDS on Dividend & Share Swap - all explained with real exam questions! 🎯 Topics Covered in This Q&A Session: ✅ Dividend = Distribution of Post-Tax Profits to Shareholders ✅ Dividend Must Be Paid Within 30 Days of Declaration (SEBI Rule!) ✅ SEBI Mandate = Dividends Declared in Rupee Per Share (NOT % of FV) ✅ Dividend Payout Ratio = DPS ÷ EPS ✅ Rights Issue = Shares Issued to Existing Shareholders at Discount ✅ Rights Issue Minimum Subscription Period = 30 Days ✅ Renunciation of Rights = Transfer Entitlement to Another Person ✅ Bonus Issue = Capitalization of Reserves (FREE Shares, Zero Cost!) ✅ Stock Split = Reduces Face Value (e.g., ₹10 → ₹5) ✅ No Economic Benefit from Bonus/Split Alone (EXAM TRICK!) ✅ Buyback = Reduces Share Capital, Increases EPS ✅ Voluntary Delisting = Promoter Must Hold Minimum 90% Post-Acquisition ✅ Compulsory Delisting = Cannot Relist for 10 Years ✅ Share Swap = Acquiring Company Uses Own Shares Instead of Cash 📌 Key Concepts (Exam Important): Buyback Impact: • Share capital REDUCES after buyback • Number of shares outstanding DECREASES • EPS INCREASES (same earnings ÷ fewer shares = higher EPS) • Example: Profit ₹100, Shares 10 → EPS ₹10; After buyback 8 shares → EPS ₹12.50 Merger vs Demerger: • Merger = Target company absorbed and CEASES TO EXIST • Acquisition = Target becomes subsidiary (continues to exist) • Demerger/Spin-off = One business carved out into separate company Delisting Rules (EXAM FAVOURITE!): • Voluntary Delisting = Promoter must hold minimum 90% post-acquisition • Process = Reverse Book Building (RBB) to acquire shares from public • Compulsory Delisting = Cannot apply for relisting for 10 YEARS ⚡ Exam Tips: • Dividend paid within 30 days (not 15 or 45 — very commonly tested!) • SEBI format = Rupees per share (NOT % of face value!) • Rights issue minimum period = 30 days (not 15!) • Bonus = Zero cost to shareholder | No economic benefit alone • Buyback → EPS increases (fewer shares, same profit!) • Voluntary delisting threshold = 90% promoter holding (not 75%!) • Compulsory delisting ban = 10 YEARS (not 5!) • TDS on dividend = 10% above ₹5,000 (Section 194) 🔔 Subscribe for complete NISM Series XV preparation! 💬 Doubts? Comment below! 👍 Found this helpful? LIKE & SHARE! #NISMSeriesXV #NISMSeries15 #ResearchAnalyst #Chapter9 #CorporateActions #DividendDeclaration #BonusIssue #StockSplit #RightsIssue #Buyback #MergerAcquisition #Demerger #Delisting #TDSonDividend #NISMMCQ #Top20Questions