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(Querist)
23 September 2010 QUES 1

A promoter of a company that is to be incorporated is
a. an agent of the company
b. a trustee of the company
c. a quasi-trustee of the company
d. an employee of the company

QUES 2

To use the expression “Enterprises”, the minimum authorized capital
must be
a. 1 lakhs
b. 10 lakhs
c. 1 crore
d. 3 crores

QUES 3

Ashok lends Rs.50,000, on terms that it will be returned in two month’s time,
to Sanjay for helping the latter buy certain contraband transmitting
equipment. Can Ashok get the loan amount returned in case Sanjay defaults
and under what circumstances..
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Ankur Garg

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Ankur Garg (Expert)
23 September 2010 QUESTION--1

Ans---(b)--trustee of the company

QUESTION--2

Ans---(b)---10 Lakhs


not sure about q-3
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apurva agarwal

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apurva agarwal (Querist)
24 September 2010 thanx ankur sir..
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