X owes Rs. 10,000 to Y under a contract. It is agreed between X, Y, and Z that Y shall hence forth accept Z as his debtor instead of X for the same amount. Old debt of X is discharged and a new debt from Z to Y is contracted. This is:
Outsiders dealing with the company in good faith have a right to presume that the company has duly completed all the formalities. This is known as principle of:
How could a Public Information Officer receive applications?
1. Those submitted by a requesters in hand.
2. Those sent by an applicant by email.
3. Transferred by another public authority.
4. Forwarded by an Assistant Public Information Officer.
Choose the correct answer
Limited liability partnership is the combination of
1. partnership
2. joint Stock company
3. public and Company
4. private Company
5. conventional partnership
Select the correct answer
As per the IT Act, what is the maximum penalty for damage to computer, computer systems, unauthorised access, download of data, infecting with virus, denial of access etc.
Which of the following statements are true in context of companies?
1. A fixed charge becomes floating charge when a company goes into liquidation.
2. Only one director can be appointed as a Managing Director.
3. Share can be converted to stock but stock cannot be converted to share.