Question
What is the minimum and maximum number of directors
required in a public company as per the Companies Act, 2013?Solution
Section 149 of the Companies act, 2013 lays down that a public company shall have minimum of 3 directors and maximum of 15 directors. Provided, that a company may appoint more than 15 directors after passing a special resolution.
A contract is entered into under duress where one party threatened the other with loss of business if the agreement wasn't signed. The other party signs...
ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent ...
The registered office clause of memorandum of association contains
What will be the P/V ratio for the firm with the following sales and profit during last two years:
Mr. Sharma, a sole proprietor, entered into an oral agreement with a vendor for purchase of office furniture worth ₹2 lakhs, with delivery to be made ...
The preference shares should be redeemed with in a period of
Mr. X, a minor, enters into a contract to buy a bike. Later, he refuses to pay. What is the legal position?
ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent ...
Under the Indian Contract Act, a collateral contract that involves an illegal object but is signed voluntarily by both parties is later disputed.
A Public Company is a company which has a minimum paid-up share capital ____________
