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X Ltd. goes into liquidation and a new company Z Ltd. purchases the business of X Ltd. It is a case of:

Correct Answer: External reconstruction

X Ltd company goes into liquidation, and a new company Z Ltd purchases the business of X Ltd. It is a case of

Read the following information carefully and answer the questions that follow: Seven persons Tina, Vini, Yasir, Rishi, Sanya, Pankaj and Urmila live on the separate floors of a 7- floor building. Ground floor is number one; second floor is number two and so on. Each of them goes to a city viz. Paris, Istanbul, Shanghai, Durban, London, Madrid and Dubai but not necessarily in the same order. Only three people live above the floor on which Sanya lives. Only one person lives between Sanya and the one who goes to Paris. Vini lives just below the person who goes to Madrid. Only three people live between the one who goes to Paris and London. The person who goes to Madrid lives on an even numbered floor. Urmila lives just above Rishi. Urmila does not go to London. Only two persons live between Pankaj and the one who goes to Durban. Pankaj lives above the person who goes to Durban. Yasir does not go to Istanbul. Tina does not live just above or just below Sanya. The one who goes to Shanghai does not live just above or just below Pankaj. Who among the following lives on floornumber 7?

Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.

Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : "We have the distinction of being the only company in India as well as the second in the world to have won an ISO 9002 certification in our line of business." - Statement of Company X's Chairman.

Assumptions :
I. There were not many companies in the line of business of Company X.
II. Getting ISO 9002 in the line of business of Company X is not easy.
III. The Company X desires to expand its business.

A' has engaged the services of 'B', a financial planner, to make investments on his behalf. 'A' remits Rs. 10 lakhs to 'B' asking him to purchase stocks in company 'X'. 'B' finding investment in company 'Y to be possibly more lucrative invests the money in purchasing its shares. Company 'Y' goes into liquidation resulting in losses. Here:

Two trucks start from the same warehouse. Truck A goes 6 km North, then turns to its right and goes 4 km. In the meanwhile truck B goes 9 kmEast, then turns North and goes 6 km, then turns to its right and goes 4 km. Where is truck B with respect to truck A?

Which of the following statements are true in context of a company under Company Act, 2013?
1. The minimum capitals are necessary, both in case of private and public companies.
2. A public company can be converted into a private company by passing a special resolution.
3. A private company must alter its article by passing a special resolution to convert into public company.

Which of the following statements are true in context of a company under Company Act, 2013?
1. A member of a company must be a shareholder of a company.
2. Proxies are not to be included while counting the quorum of a meeting of a company.
3. The maximum number of directors in a public as well as private company is 15.
4. In case of a private company, there is no restriction to transfer the shares.

Statement : The Company X has rejected first lot of values supplied by Company A and has cancelled its entire huge order quoting use of inferior quality material and poor craftsmanship.

Courses of Action :
I. The Company A needs to investigate functioning of its purchase, production and quality control departments.
II. The Company A should inspect all the valves rejected by Company X.
III. The Company A should inform Company X that steps have been taken for improvement and renegotiate schedule of supply.

Company X, Company Y, and Company Z are mobile manufacturers. They have been in the market for 10 years. Company X has the record of solving all the problems reported by their customers while Company Y and Company Z have the record of solving 80% and 85% of the problems reported by their customers respectively. Which company will have the highest reputation?