hello ravi,
4)
i 314(1) is not attracted bcoz managing director is exempted frm 314(1) & 314(1b).
ii 314(1b) is attracted slary exceeds rs 50,000/- prior special resolution & approval of C.G required.
iii 314(1) is attracted. note: 314(1b) is not attracted even though the salary exceeds rs 50,000/- bcoz,office or place of profit is held under the subsidary co.& not under the company.
note: ans provided by me in breif
HELLO RAVI,
2) A
(i) 4 marks carries.
EFFECTIVE CAPITAL ITEMS INCLUDED
PAID UP SHARE CAPITAL + SECURITIES PREMIUM ACCOUNT+ RESERVES & SURPLUS + LONGTERM LOANS+DEPOSITS REPAYABLE AFTER 1 YEAR
LESS: INVESTMENTS + ACCUMULATED LOSSES + PRELIMINARY EXP NOT WRITTEN OFF.
AND
(ii) 4 marks carries
RERUIREMENTS FOR APPOINTMENT OF A MANAGERIAL PERSONS AS PER SCHEDULE X111 IS TO BE WRIITEN IN EXAMS,GO & SEE IN MUNISH BANDARI BOOKS U WIIL FIND THEREIN.= 4MARKS CARRIES.
CAclubindia
