Legal Aspects Of Business - Study Mode

[#121] As per IT Act, 2000, those who fails to furnish documents will be penalised upto
Correct Answer

(C) Rs. 50,000

[#122] As per the Act, the contracts made after incorporation of the company but before it is entitled to commence business are termed as:
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(B) Provisional contracts

[#123] In the event of company being wound up, the Tribunal shall prepare list of contributories into
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(D) Both A and B

[#124] Which statement(s) does/do not apply on bill of exchange?
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(D) It should be registered

[#125] Which one of the following relates to warranty?
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(D) In case of breach, the aggrieved party can claim only damages