Question
Any contract or arrangement entered by director or any
other employee without consent of Board or approval by a resolution in the General Meeting and not ratified by Board/ Shareholders within _________ months shall be ____________ at the option of the Board/Shareholders.Solution
Section 188 (3), where any contract or arrangement is entered into by a director or any other employee, without obtaining the consent of the Board or approval by a resolution in the general meeting under sub-section (1) and if it is not ratified by the Board or, as the case may be, by the shareholders at a meeting within three months from the date on which such contract or arrangement was entered into, such contract or arrangement shall be voidable at the option of the Board and if the contract or arrangement is with a related party to any director, or is authorised by any other director, the directors concerned shall indemnify the company against any loss incurred by it.
Which algorithm uses a “divide and conquer” strategy?
Which algorithm guarantees the shortest path in a graph with negative weights but no negative cycles?
Which type of firewall operates at the application layer of the OSI model and inspects incoming and outgoing data packets?
Which of the following protocols is most commonly used in IoT devices to enable communication between smart devices?
Output of below code
public class Prg {
public static void main(String args[]){
System.out.print("A" + "B" + 'A');
}
...Which type of NAT (Network Address Translation) allows multiple private IP addresses to share a single public IP address?
What is the time complexity of inserting an element in a heap?
What is the primary purpose of cookies in web development?
Which data structure is used for implementing recursive function calls?
In intelligent systems, which of the following is a key characteristic of an expert system?
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