Question
The Board of Directors of a company need approval at the
company general meeting for contribution, to bona fide charitable and other funds, exceeding _________________ of its average net profits for the three immediately preceding financial years.Solution
Under section 181 of the Companies Act, the Board of Directors of a company may contribute to bona fide charitable and other funds; for contributions exceeding 5% of its average net profits for the three immediately preceding financial years, approval at company general meeting is required.
Siachen Glacier is situated to the
Consider the following pairs:
Which of the pair(s) gi...
The famous Ajanta Caves are located in which Indian state?
It is the largest dam of India by volume. It is also largest artificial lake in India. It is constructed on one of the tributaries of Ganga. The above i...
Consider the following statements:
1. The distance between rails is one metre is known as Broad Gauge.
2. The distance between the ra...
Consider the following statements about Satpura Tiger Reserve (STR):Â
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Consider the following pairs:
Which of the pairs give...
How many countries share an international border with the state of Mizoram?
Which of the following Indian state has the largest coastline?
Which region of the Earth is known as the "Ring of Fire"?
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