JUNE 2013

1: Which of the following powers of Directors cannot be exercised without the consent of shareholders in General Meeting?
A.

Power to make calls on shareholders

B.

Power to make loans

C.

Power to buy back its shares

D.
Power to borrow monies exceeding the aggregate of the paid-up capital of the company and its free reserves.
 

Answer : B

Explanation :

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Option: A

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