New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A company shall not, at any time, vary the terms of a

    contract referred to in the prospectus or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority given by the company in general meeting by way of________.
    A Board Resolution Correct Answer Incorrect Answer
    B General Resolution Correct Answer Incorrect Answer
    C Special Resolution Correct Answer Incorrect Answer
    D Ordinary Resolution Correct Answer Incorrect Answer

    Solution

    Section 27. Variation in terms of contract or objects in prospectus: (1) A company shall not, at any time, vary the terms of a contract referred to in the prospectus or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority given by the company in general meeting by way of special resolution

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