As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:

Which of the following statements are true in case of appointment of directors?
1. A company can appoint maximum fifteen directors.
2. A company may appoint more than fifteen directors after passing a special resolution in general meeting.
3. The approval of Central Government is not required in case some enhancement is done in case of directors.

A

1 and 2 are correct

B

2 and 3 are correct

C

1, 2 and 3 are correct

D

1 and 3 are correct

Principle: If an injury is the result of a reasonably foreseeable cause, the person/authority responsible is liable for damages because he has a duty to take reasonable measures to prevent it.
Facts: Janet, a housewife standing at her balcony, was struck on the head by a ball that flew out of a cricket field across her home. Janet sues the District Cricket Association (DCA), the owner of the cricket field for public nuisance and negligence on the ground that the field did not have a fence high enough to prevent such occurrence. District Cricket Association (DCA) claims that only about 10 balls had escaped the field in the previous 10 years and it was therefore an unforeseeable risk. Is there a duty on the part of the District Cricket Association (DCA) to prevent the risk? Is the District Cricket Association (DCA) liable to compensate Janet?

A

Yes. As 10 balls had escaped the field, the risk was reasonably foreseeable. The District Cricket Association (DCA) is responsible and is liable for damages because it has a duty to take reasonable measures to prevent it

B

No. As only 10 balls had escaped the field in the previous 10 years, it was an unforeseeable risk

C

Yes. A person owning a Cricket field is expected to compensate any injury arising out of and in the course of using the cricket field

D

No. Anyone who has chosen to stay near a cricket field is doing so at his own risk and is bound by the rule, volenti non fit injuria

What is/are the following differences between private and public limited companies?
1. In a private limited company there is restriction on the number of members, where as no such restriction is applicable on a public limited company.
2. A private limited company can be listed on a stock exchange, where as a public limited company is always listed on a stock exchange.
3. A private limited company cannot issue debentures, whereas a public limited company can issue debentures.

A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

Which of the following statements are true in context of a company under Company Act, 2013?
1. The shareholders of a company can appoint Board of Directors.
2. The Board of Directors is the proper authority to convene Annual General Meeting.
3. The gap between two annual general meetings must not be more than fifteen months.

A

1 and 2

B

2 and 3

C

1 and 3

D

1, 2 and 3

Which of the following statement(s) is/are correct, regarding the duties and rights of the Attorney-General for India in performance of his duties?
1. The Attorney-General for India shall give advice to the Government of India upon legal matters.
2. The Attorney-General for India shall have a right to audience in all Courts in India.
3. The Attorney-General for India shall have the right to speak in the proceedings of either House.
4. The Attorney-General for India shall not be liable to any proceedings in any court in respect of anything said by him in Parliament or any committee thereof.

A

1 and 2 only

B

1, 2 and 3 only

C

All of these statements are correct

D

1 only

Directions: Four friends Raghu, Rajesh, Ramesh and Ravi complete their Graduation in different number of years. The one who took maximum time took eight years to complete his Graduation while the one who took least time took only three years to complete it.Ravi took more time only than Raghu and completed his Graduation in five years. Ramesh did not take longer time
than Rajesh to complete his Graduation. Question: Who took more years to complete his graduation among all ?

A

Ramesh

B

Raghu

C

Rajesh

D

Ravi

The 'Debenture Redemption Fund' of a company stood at Rs. 16,000 represented by Rs. 20,000 (nominal) investment. The company in order to redeem debentures of Rs. 10,000 at 1% premium sold Rs. 12000 (nominal) investments of Rs. 100 each at Rs. 84 each for the purpose of redeeming Rs. 10,000 debentures at a premium of 1%. After the redemption of debentures, the balance in the Debenture Redemption Fund a/c will be:

A

Rs. 5,690/5,690

B

Rs. 6,270/6,270

C

Rs. 6,380/6,380

D

Rs. 7,220/7,220

Water is continuously supplied from a reservoir to a locality at the steady rate of 10000 liters per hours. When delivery exceeds demand the excess water is stored in a tank. If the demand for 8 consecutive three hour periods is 10000, 10000, 45000, 25000, 40000, 15000, 60000 and 35000 liters respectively, what will be the minimum capacity required of the water tank (in thousand liters)to meet the demand and avoid any wastage?

A

10

B

30

C

40

D

50

A company issued Rs. 1,00,000 worth of $$7\frac{1}{2}\% $$ Debentures of Rs. 100 each at a discount of 5%. These debentures are repayable after 10 years in a lum-sum at a premium of 5%. The amount of loss on issue of debentures to be written-off each year will be

A

Rs. 1,000

B

Rs. 5,000

C

Rs. 500

D

Rs. 1,500

Consider the following statements regarding Indian Ocean Rim Association :
1. The 13^th Council of Ministers Meeting of the Association was held in November 2013 in Perth.
2. India was elected Chair of the Association from 2013 to 2015.
3. There are twenty member nations in the Association.
Which of the statements given above is/are correct?

A

1 only

B

2 only

C

1 and 3 only

D

1, 2 and 3