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Sec. 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.
India has announced financial assistance of USD ____________ loans to Sri Lanka to help the country in building up its depleted foreign reserves and for...
Consider the following statements with respect to the Non Performing Asset-
I.NPA refers to a classification for loans or advances that are in de...
Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in export of s...
How often is the WorldSkills competition, the largest skill competition in the world, held by WorldSkills International, which has 86 member countries?
Which of the following is NOT eligible to purchase electoral bonds?
The share of the concerned State Government in the capital of Regional Rural Banks is—
Stand Up India Scheme provide financial aid for Working Capital needs through which organisation?
Which among the following correctly denotes Capital Adequacy ratio ?
Which of the following statements is/are INCORRECT with respect to the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)?
I.The financial benefit ...
Where are the headquarters of the Indian Space Research Organisation?