A connected person proves he had no access whatsoever to UPSI.
Anonymous Quiz
27%
A. Presumption may be rebutted
26%
B. Liability remains automatic
22%
C. Open offer exemption applies
25%
D. LODR provisions apply instead
❤1
A minor, after attaining majority, promises to pay a debt contracted during minority.
Anonymous Quiz
17%
A. Enforceable under Sec. 25(3)
25%
B. Enforceable by ratification
45%
C. Not enforceable
14%
D. Voidable
❤1
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Mistake regarding solvency of a party is:
Anonymous Quiz
17%
A. Mistake of law
65%
B. Bilateral mistake of fact essential to agreement
11%
C. Fraud automatically
7%
D. No effect
❤1
Promoter purchases property for ₹20 lakh and sells it to proposed company for ₹50 lakh without disclosure.
Anonymous Quiz
22%
A. Profit automatically valid
42%
B. Company may recover secret profit
23%
C. ROC recovers profit
13%
D. Shareholders cannot challenge
❤1
Materiality under LODR is fundamentally linked to:
Anonymous Quiz
63%
A. Investor impact and decision usefulness
18%
B. Company profitability only
14%
C. Auditor opinion only
6%
D. Board convenience
❤1
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🚨 48 HOURS MEGA OFFER IS LIVE 🚨
🎯 CA Foundation SEP'26 & JAN'27 Aspirants
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🏆 CA CS DIVYA AGARWAL (AIR 3)
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⏳ Offer Valid Only For 8th & 9th June
🔥 Prices Will Increase After The Offer Ends!
📞 Limited Seats Available
Learn Smart. Write Better. Score Higher. 💯
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