Which one of the following is incorrect? Any mis-statement made in the Prospectus would attract the liability of the following persons under the Companies Act:
A. Every person who is a director of the company at the time of the issue of the prospectus
B. Every person who has authorised himself to be named and is named in the prospectus either as director or as having agreed to become a director either immediately or after an interval of time
C. Every person who is a promoter of the company
D. An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus
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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