Question
What is the minimum number of members required to form
a public company?Solution
Minimum seven members, Explanation: Section 3. Formation of company: (1) A Company may be formed for any lawful purpose by— (a) seven or more persons, where the company to be formed is to be a public company; (b) two or more persons, where the company to be formed is to be a private company; or (c) One Person, where the company to be formed is to be One Person Company that is to say, a private company, by subscribing their names or his name to a memorandum and complying with the requirements of this Act in respect of registration.
Consider the following statements in regard to the Goods and Service Tax:
(1) The GST shall have two components : one levied by the centre, and t...
The National Payments Corporation of India (NPCI) is an initiative taken by the _____________to operate the retail payments and settlement systems in In...
Which of the following can aid in furthering the Government’s objective of inclusive growth?
(1) promoting self help group
(2) promoting...
Which of the following can be defined as a solution that allows banks to offer a multitude of customer-centric services on a 24x7 basis?
With reference to ‘Financial Stability and Development Council’, consider the following statements :
1. It is an organ of NITI Aayog.
...
A $300-million ‘first loss risk sharing instrument’ has been formed by World Bank & __________.
Consdier the following statement about International Food Policy Research Institute (IFPRI):
I. IFPRI was established in 1976.
II. It prov...
If indeed the deposits made by banks are ₹ 10 ,000 crore and legitimate reserve requirements are 40 percent, then the amount of initial deposits will be
Consider the following statements about New Development Bank:
1. New Development Bank has been set up by APEC.
2. The headquarters of New ...
RBI recently cancelled the license of Sarjeraodada Naik Shirala Sahakari Bank. It is based in ____________.
