According to Section 4 of Negotiable Instrument Act, this is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments. Which instrument is being talked here?
An organization running a business has the following attributes: the assets belong to the organization, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to others. What type of organization is it?
GST was implemented through 122nd Constitution Amendment Bill in 2016. As a result of constitution amendment for GST a Separate List, which of the following article has been inserted in the constitution?
Contracts made after incorporation but before the grant of certificate of commencement of business are known as
1. provisional contracts
2. pre-incorporation contracts
3. preliminary contract
Select the correct answer
Which of the following statements are correct?
1. Dividend payout ratio refers to that portion of total earnings which is distributed among equity shareholders of the company
2. 'Bird in hand' argument is given by Gordon's model
3. MM model suggest that dividend payment is very relevant for value of the firm
4. Walter's Model suggests that dividend payment does not affect the market price of the share
Which of the following statements are true in case of appointment of directors?
1. A company can appoint maximum fifteen directors.
2. A company may appoint more than fifteen directors after passing a special resolution in general meeting.
3. The approval of Central Government is not required in case some enhancement is done in case of directors.