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.
Select the set of numbers that is similar to the following set:
(23, 7, 24)
Scotland: Golf : : South Korea : ?
- Select the option that is related to the third number in the same way as the second number is related to the first number.
43: 1856 :: 22: ? - If WORD - LUCK = 34, then FAIR - HOPE = ?
CONCEPT : AMLACNR :: COUNTRY :Â ?
Select the combination of letters that when sequentially placed in the blanks of the given letter series will complete the series.
_ _ i _ h _ i ...
Select the option that is related to the third number in the same way as the second number is related to first number and the sixth number is related to...
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performe...
How is J related to H?
Select the option that is related to fourth letter-cluster in the same way second letter cluster is related to first letter-cluster.
Maple: Tre...