Choose appropriate answer:-
1. Which among the following is the statutory regulator to regulate and promote the insurence industry in india and to protect the intrests of holders of insurence policies-
a) Insurance regulatory authority
b) insurance development authority
c) insurance regulatiory and development authority
d) none of the above
2. In the context of provisions of section 621A, to 'compound' means-
a) to settle by mutual agreement
b) condone an offence in exchange for money
c) condone a liability in exchange for money
d)all of the above.
3. A declaration of solvency is required to be given in-
a) members voluntary winding up
b) creditors voluntary winding
c) winding up subject to supervision of court
d) none of the above
Fill in the blanks
1.Under the companies act 1956, the ..............of the company under investigation , who makes disclosure during the course of investigation , are protected against dismissal,discharge,removal etc.
2. Powers to make calls on shareholders in respect of money unpaid on their shares shall be excercised at.................
3. The restrictions contained in section 81 of the companies act 1956, regarding issue of further shares do not apply to a .......................company.
case laws
1. A house is alloted to a managing director of the company.After the death of the MD, the house was occupied by his legal hiers. the demanded the house from the legal hiers of MD. whether the company will be successful????
2. A registered office was shifted from one state to another. A lobour litigation was pending before the court. so,the employees object to transfer. Whether the objection of employees is sustainable???
3.A director of the company along with the another director were prosecuted under sec.220 for their failure to file return,annual accounts and audited balance sheet required to be laid before the annual general meeting. The question is whether any failure to file such documents would constitute a continuing offence.Whether the period of limitation applicable in this case.
