Question
Preferential shares with reference to any company
limited by shares, means that part of the issued share capital of the company which carries or would carry a preferential right with respect to_________________Solution
Companies Act Section 43. Kinds of share capital: (ii) “preference share capital”, with reference to any company limited by shares, means that part of the issued share capital of the company which carries or would carry a preferential right with respect to— (a) payment of dividend, either as a fixed amount or an amount calculated at a fixed rate, which may either be free of or subject to income-tax; and (b) repayment, in the case of a winding up or repayment of capital, of the amount of the share capital paid-up or deemed to have been paid-up, whether or not, there is a preferential right to the payment of any fixed premium or premium on any fixed scale, specified in the memorandum or articles of the company.
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Conclusions:
I. ...
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
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No puppy is a calf.
All kittens are puppies.
Conclusions: I. At least some cubs are calves.
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Conclusion:
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