Question

According to the provisions as laid down under the

Q: Answer- According to the provisions as laid down under the Companies Act, can a Producer Company make a don...

Section 378ZH. Donation or subscription by Producer Company A Producer Company may, by special resolution, make donation or subscription to any institution or individual for the purposes ofmdash a promoting the social and economic welfare of Producer Members or producers or general public or b promoting the mutual assistance principles.

Companies Act, can a Producer Company make a donation or subscription without any formal approval?

A Yes, donations can be made without any approval

B Yes, donations can be made only for charitable purposes

C No, donations can only be made by the Board of Directors

D No, special resolution approval is mandatory for donations or subscriptions

Practice Next

More Section test Accounts Questions

In a code language, 561 means ‘previous letters arranged’, 501 means ‘previous letters compiled, 063 ‘compiled alphabets arranged’. Find the c...
If 'CARE' = 'XZIV', then ' CERTAIN ' = ' ? '
In a certain code language, ‘FEED’ is written as ‘22’ and ‘MEAT’ is written as ‘41’. What will be the code for ‘NUTS’ in that code l...
In a certain code language, '427' means 'planet spins axis'; '756' means 'gets flattened radius' and '581' means 'radius and little'. Which of the foll...
In a certain code language ‘LAMENT’ is written as ‘LAKSND’ and ‘ISSUED’ is written as ‘RSHCET. How is ‘C...
In a certain code language, TAMARIND is written as SCLCQKMC. How will WIRELESS be coded in that language?
What is the code for ‘Management Increase’ in the given code language?
What will come in place of ‘a’?
If EXAM is coded as EQCV and PAIR is coded as MVNY , then READ will be coded as?
...
Find the code word for ‘withdraw’?

According to the provisions as laid down under the

Solution