plz answer these ques with reason... its urgent
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..
CAclubindia
