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Start learning 50% faster. Sign in nowSec. 3A Members severally liable in certain cases: If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognizant of the fact that it is carrying on business with less than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefor.
Pipes ‘A’ and ‘B’ together can fill a tank in 18 hours, while pipe ‘B’ alone can fill it in 36 hours. If pipe ‘C’ takes 12 hours less th...
Two pipes A and B are opened together to fill a tank. Both the pipes fill the tank in time “x”. If A separately takes 8 minute more time than “x�...
Two pipes A and B can fill a tank in 24 min., and 32 min, respectively. If both the pipes are opened simultaneously, after how much time B should be clo...
Pipe ‘A’ can fill a tank in 40 hours whereas leak ‘A’ can empty it in 50 hours. If they both operate along with pipe ‘B’, then the given tan...
A cistern has a leak that can empty it in 12 hours. A tap is turned on, which fills water at the rate of 15 liters per hour. Now, the cistern gets empti...
An inlet pipe can fill a tank in 18 minutes, while an outlet pipe can empty it in 27 minutes. Sujata starts the inlet pipe at 6 a.m., but the outlet pip...
Tap A and Tap B fill a drum of volume 552 liters in 24 minutes. If their efficiencies are in the ratio x:y respectively and B alone takes to fill the ci...
Pipe P can fill a tank in 12 hours, while pipe Q can fill the same tank in 20 hours. Both pipes are initially opened to fill an empty tank, but after 5 ...
Pipes ‘A’ and ‘B’ can fill a tank in 6 hours and 9 hours, respectively. If pipe ‘C’ is opened along with pipes ‘A’ and ‘B’, then the...
There are 4 inlet and (y-3) outlet pipes attached to a tank. Each inlet pipe takes 30 hours to fill the tank, and each outlet pipe empties the fully fil...
