Which of the following statements are true in context of companies?
1. A fixed charge becomes floating charge when a company goes into liquidation.
2. Only one director can be appointed as a Managing Director.
3. Share can be converted to stock but stock cannot be converted to share.

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

A. Priority B. Novelty C. Exclusivity D. Commercial value

A. Anti-competitive agreements B. Mergers and amalgamation C. Unfair trade practices D. Both A and B