Q194
As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:
A.
50,000
B.
60,000
C.
10,000
AnswerD.
40,000
Answer: Option C
Solution
Answer: Option C
No explanation is given for this question Let's Discuss on Board