| A. |
Law creates a company and law only can dissolve it.
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| B. |
Company's existence is altogether independent of the life of its members.
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| C. |
A company can buy its shares under certain conditions.
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| D. |
A shareholder can incur any debt so as to bind the company.
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Option: D Explanation : Click on Discuss to view users comments. |
Which of the following statements is correct?
| A. |
Capital redemption reserve account cannot be utilised for issuing fully paid bonus shares.
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| B. |
Redemption of preference shares cannot be made out of the fresh issue of debentures.
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| C. |
An amount equal to redemption of preference shares out of the profits must be transferred to General Reserve.
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| D. |
A company can issues irredeemable preference shares.
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Option: B Explanation : Click on Discuss to view users comments. |
