Reduction of share capital of a company can be effected by:
A. Reducing the amount of authorised capital of the company
B. Reducing face value of the shares is used
C. Paying off paid up share capital which is in excess of requirement
D. Cancelling paid up share capital which has been lost over the years
Answer: Option C
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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