Question
When are the members of a Company considered to be
severally liable under the Companies Act, 2013?Solution
Section 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.
In certain code language.
'You are bad' is written as 'YO LO PO', 'Schools are bad' is written as 'NO PO YO', and 'You are human' is written as '...
Select the number from among the given options that can replace the question mark (?) in the following series.
218, 231, 248, 267, ?
What should come in place of the question mark (?) in the given series?
8, 21, 34, 47, 60, ?
The second number in the given number pairs is obtained by performing certain mathematical operation(s) on the first number of that pair. The same opera...
Select the appropriate picture next to the series from the given options.
Select the number from among the given options that can replace the question mark (?) in the following series.
1, 3, 7, 15, 31, 63, ?
Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary.
1. Formal...
Statement: "All dogs are animals. Some animals are cats.":
Conclusion1. Some dogs are cats.
Conclusion 2. Some animals are dogs.
Which two numbers should be interchanged to make the given equation correct?
700 + 42 ÷ 6 × 45 – 54 × 9 + 14 = 355
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