A company can borrow money and if so to what extent, are matters depending upon the interpretation of the two documents which is-

Related MCQs

• A document which shows on the face of it, that the company has borrowed a certain sum of money from the holder thereof upon certain terms and conditions is known as-
• Companies that have implied powers to borrow, even without any specific power to do so in their memorandum or articles are:
• Any invitation issued to the public inviting it to deposit money with the company or to take share or debentures of the company such invitation may be in the form of a document or a notice, circular, advertisement etc is known as
• Any invitation issued to the public inviting it to deposit money with the company or to take share or debentures of the company such invitation may be in the form of a document or a notice, circular, advertisement etc is known as
• The maximum amount which a company is authorised to raise by issue of shares and upon which it pays the stamp and registration fee is :
• The fundamental conditions upon which alone the company is allowed to be incorporated is contained in:
• No person can be managing director of __________public or private company (which is a subsidiary of a public company).
• A document which shows that a company has borrowed a certain sum of money is:
• A subsidiary company can be a member of the holding company also.
• A subsidiary company can be a member of the holding company also.