The company, after solving all its liability, has to distribute the excess among the shareholders and then formally dissolved or cease to exist. Thus, the main objective of winding up of a company is:
A. To facilitate the protection of its assets
B. To convert the company into private company if it is a public company
C. To convert the company into public company if it is a private company
D. To change the Memorandum and Articles
Answer: Option A
This Question Belongs to Commerce >> 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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