Start learning →

What fraction of members must decide for a society to be dissolved voluntarily under Section 13 of the 1860 Act?

AOne-tenth
BOne-half
CTwo-thirds
DThree-fifths
Answer & Solution
Correct answer: D. Three-fifths
Section 13 lets not less than three-fifths of the members decide that the society be dissolved.
Practise this question with Quill — CA Foundation →

Keep practising Financial Statements of Not-for-Profit Organisations

Browse all Financial Statements of Not-for-Profit Organisations questions for CA Foundation, or explore more Accounting topics.

Start a Financial Statements of Not-for-Profit Organisations lesson →
Related questions