Legal Aspects Of Business - Study Mode

[#851] Which of the following is not provided under the Factories Act, 1948?
Correct Answer

(C) The certificate of fitness granted or renewed remains valid for a period of six months from the date of issue

[#852] When one or more existing companies go into liquidation and some existing company buys the business, it is known as:
Correct Answer

(C) absorption

[#853] The official liquidator after receipt of statement of affairs of the company must submit a preliminary report to the tribunal not later than the following time period of order.
Correct Answer

(A) six months

[#854] A guarantee with extend to a series of transaction is called
Correct Answer

(C) specific guarantee

[#855] Articles of Association can be altered by:
Correct Answer

(C) A special Resolution