Which of the following actions can be taken when an issue is made under the provisions of Section 42 of the Companies Act, 2013?
A. An advertisement can be issued in a local newspaper having city coverage
B. The money payable towards subscription can be received in cash
C. The share can be allotted within sixty days of the date of offer
D. The offer can be made to a maximum of fifty people
Answer: Option D
This Question Belongs to Law >> Indian Companies Act
Which among the following is regarded as the most important document of a company?
A. Annual Report
B. Prospectus
C. Articles of Association
D. Memorandum of Association
A. Participating preference shares
B. Cumulative preference shares
C. Non-cumulative preference shares
D. Non-Participating preference shares
Under the Companies Act every person subscribing to the Memorandum of a company must take at least
A. 100 shares
B. 20 shares
C. 10 shares
D. 1 share
A. Authorising the destruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
B. Authorising the dissolution of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
C. Authorising the formation of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
D. Authorising the reconstruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
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