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Section 3A Members severally liable in certain cases: If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognizant of the fact that it is carrying on business with less than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefor.
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
How capital adequacy ratio is calculated:
Which organization was set up to manage the Investor Education and Protection Fund?
Which of the following forms a part of Risk Management?
What is the role of the Insurance Ombudsman in India?
Which of the following is a specific provision under Section 9 of the MSMED Act, 2006, aimed at promoting MSME growth?
What is the maximum permissible implementation cost for advanced level, under the scheme that aims to enhance MSMEs’ productivity, efficiency, and com...
The LTV allowed on loans against gold jewellery or gold loans is _____
Which loan does not require the borrower to pay back during their lifetime?