alleryStart learning →Relative's holding allowed under s.149(6)(d)(i): face value up to?
ARs 5 lakh
BRs 50 lakh
CRs 10 lakh
DRs 1 crore
Answer & Solution
Correct answer: B. Rs 50 lakh
The proviso lets a relative hold securities of face value not exceeding fifty lakh rupees or two per cent of paid-up capital.
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