Question

According to Sec 50 of the Companies Act 2013, the amount of Calls in Advance can be accepted by the Company only when it is authorised by ______.

विकल्प

• Board of Directors

• Equity Shareholders

• Articles of Association

• Memorandum of Association

Answer 1

According to Sec 50 of the Companies Act 2013, the amount of Calls in Advance can be accepted by the Company only when it is authorised by Articles of Association.

Explanation:

According to Section 50 of the Companies Act, 2013, a company may accept Calls in Advance (i.e., money paid by shareholders before it is actually called) only if it is authorised by its Articles of Association.