FOUNDATION QUIZ
A contracted to supply 200 bags of rice to B on 30th December, 2021. After supplying 20 bags of rice. A informed B that he will not supply remaining bags of rice to B. In this case
A contracted to supply 200 bags of rice to B on 30th December, 2021. After supplying 20 bags of rice. A informed B that he will not supply remaining bags of rice to B. In this case
Anonymous Quiz
33%
(a) There is anticipatory breach of contract
40%
(b) There is actual breach of contract
25%
(c) Both of the above
1%
(d) None of the above
π2
CSEET QUIZ
When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as
When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as
Anonymous Quiz
13%
(a) abandonment of contract
21%
(b) remission of contract
40%
(c) actual breach of contract
26%
(d) anticipatory breach of contract
π1
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EXECUTIVE LEVEL QUIZ
If the Registrar finds that the documents for incorporation are forged, what is the maximum fine that can be imposed under the Companies Act, 2013?
If the Registrar finds that the documents for incorporation are forged, what is the maximum fine that can be imposed under the Companies Act, 2013?
Anonymous Quiz
28%
a) βΉ1 lakh
30%
b) βΉ10 lakhs
33%
c) βΉ25 lakhs
10%
d) βΉ50 lakhs
π1
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PROFESSIONAL LEVEL QUIZ π
In the context of approval of schemes under Section 230, courts have often deferred to the "commercial wisdom" of creditors and members. This principle implies:
In the context of approval of schemes under Section 230, courts have often deferred to the "commercial wisdom" of creditors and members. This principle implies:
Anonymous Quiz
23%
NCLT must review and approve only those schemes that generate profit within 3 years.
51%
NCLT won't interfere with the commercial merits of a scheme if procedure and fairness are ensured
15%
Creditors are not required to vote if the board approves the scheme.
11%
NCLT must always seek RBI and SEBI approval before allowing commercial restructuring.
π3
FINAL LEVEL QUIZ π
A scheme of compromise proposes to extinguish the rights of a dissenting class of preference shareholders. Which of the following is legally accurate?
A scheme of compromise proposes to extinguish the rights of a dissenting class of preference shareholders. Which of the following is legally accurate?
Anonymous Quiz
7%
The scheme can proceed if it has the boardβs approval.
56%
Rights of a class cannot be extinguished unless it consents through a separate meeting and voting.
28%
The Tribunal can forcefully extinguish rights if it believes the scheme is in public interest.
9%
No separate class voting is required under Section 230β232.
π2