Multiple choice

Which of the following statements are not correct in connection with shareholding in an Indian bank under provision of BR Act?

  1. There is no ceiling on a person’s holding of shares.

  2. No shareholder can exercise voting rights in excess of 10% of total voting rights.

  3. The provision of 10% ceiling restricts the transfer and registration of such transfer.

  4. The provisions of Companies Act also govern transfer of shares of banking companies.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct Answer: The provision of 10% ceiling restricts the transfer and registration of such transfer.

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