Question
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?Solution
Section 4 Memorandum- (1) The memorandum of a Company shall state— (a) the name of the company with the last word 'Limited' in the case of a public limited company, or the last words 'Private Limited' in the case of a private limited company; (b) the State in which the registered office of the company is to be situated; (c) the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof; (d) the liability of members  of the company, whether limited or unlimited; (e) in the case of a company having a share capital,— (i) the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount and the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share; and (ii) the number of shares each subscriber to the memorandum intends to take, indicated opposite his name; (f) in the case of One Person Company , the name of the person who in the event of death of the subscriber shall become the member of the company
Which of the following will be considered as the long-term objective of financial management?
Project A has cash flows of ₹-10 lakh (initial), ₹3L, ₹4L, ₹5L over 3 years. Project B has the same initial investment but generates ₹6L, ₹4...
According to the Companies Act, 2013, every listed company must constitute an Audit Committee. Which of the following is not a role of this committee?
As per the Companies Act, 2013, CSR provisions are applicable if the company meets which of the following thresholds in any financial year?
Which of the following is not permitted in a Small Account under RBI’s KYC Directions?
Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
The insurer leases 15 branch premises (3–5 years) with renewal options it is reasonably certain to exercise. Rent has fixed and variable (sales-linked...
In relation to Employee Stock Option Plans, which of the following statements are correct?
(i) Employee Stock Option Plans are increasingly being...
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...