Question
What is a "Promissory note" as defined
Solution
Section 4. “Promissory note.”—A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.
Which of the following is incorrect with respect to the information that are required to be incorporated in the Memorandum of Association of a Company?
In computer terminology, ‘CAD’ stands for
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_______________means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company.Â
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The minimum number of directors in a public company should be ________
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