The directors may be held liable on their failure to – McqOptions

MCQOPTIONS

1.	The directors may be held liable on their failure to fulfill the formalities imposed upon them by the Act
A.	General law
B.	Criminal
C.	Civil
D.	All of the above
Answer» C. Civil

Discussion

No Comment Found

Related MCQs

is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.
A company is a of a person who have come together for a common object which generally is to earn profit
See of the companies Act, 1956 states that a company means a company formed and registered under this Act, or an existing company
Anything done under an agreement between the company and third party requires recognition of the company in the form of
Company may be companies limited by shares companies limited guarantee, unlimited companies.
Companies limited by are not formed for the purpose of profit but for the promotion of art, science, culture, charity, sports, commerce etc.
is the first state in which assists realized liabilities are paid off and surplus is distributed
Sec. of the companies act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus.
of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares
A printed copy articles as altered shall be filed by the company with the register within of order of approval from central