Question
Which of the following Section deals with ‘Company to
accept unpaid share capital, although not called up’?Solution
Section 50 - Company to accept unpaid share capital, although not called up. 1) A company may, if so authorised by its articles , accept from any member , the whole or a part of the amount remaining unpaid on any shares held by him, even if no part of that amount has been called up. (2) A member of the company limited by shares shall not be entitled to any voting right in respect of the amount paid by him under sub-section (1) until that amount has been called up.
More Negotiable Instruments Act 1881 Questions
- Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____
