Legitimate purpose disclosure of UPSI generally demands:
Anonymous Quiz
53%
A. Structured confidentiality safeguards
22%
B. Immediate public release
15%
C. Tribunal permission
10%
D. Shareholder consent
❤1
Pre-incorporation contract may become enforceable against company only through:
Anonymous Quiz
12%
A. Automatic succession
45%
B. Statutory recognition/adoption
10%
C. Promoter resignation
34%
D. ROC approval
❤1
Minor executes mortgage for necessaries. Liability attaches to:
Anonymous Quiz
14%
A. Minor personally
17%
B. Guardian personally
51%
C. Minor’s property
18%
D. Agreement void absolutely
❤1
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A minor, after attaining majority, executes a fresh promissory note for a loan taken during minority.
Anonymous Quiz
28%
A. Valid under Sec. 25(3)
15%
B. Valid by ratification
50%
C. Void as original consideration was void
7%
D. Voidable at option of major
❤1
Corporate veil is most likely to be lifted when company is used as:
Anonymous Quiz
5%
A. Investment vehicle
14%
B. Holding company
44%
C. Façade for fraud
37%
D. Separate legal entity
❤1
Under LODR, the essence of material disclosure is:
Anonymous Quiz
7%
A. Management comfort
66%
B. Investor decision-making impact
20%
C. Profit generation
7%
D. Director approval
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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❤1