Question

What is the maximum loan /guarantee/security that can be provided or acquisition of securities of a body corporate, that can be done by a company?

A Sixty per cent of its paid-up share capital, free reserves and securities premium account or one hundred per cent of its free reserves and securities premium account, whichever is less
B Sixty per cent of its paid-up share capital, free reserves and securities premium account or one hundred per cent of its free reserves and securities premium account, whichever is more
C Fifty per cent of its paid-up share capital, free reserves and securities premium account or eighty per cent of its free reserves and securities premium account, whichever is less
D Fifty per cent of its paid-up share capital, free reserves and securities premium account or eighty per cent of its free reserves and securities premium account, whichever is more
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