Q.59
Company Law Medium Knowledge-Based

Upon failure to hold Statutory Meeting, the penalty for the defaulting Company shall be-

Rs. 500 per day of default Answer
B Wound up
C Rs. 1000 per day of the default
D None of these
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Explanation & Strategy

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Under the Constitution, separation of powers divides government into legislature, executive, and judiciary. Though not absolute in India, checks and balances ensure no single branch becomes too powerful.

At a Glance
Subject Company Law
Difficulty Medium
Answer (A) Knowledge-Based
Paper AIBE IV — December 2012
Progress in Paper
Q.59 100 questions

59% through paper