alleryStart learning →Applicant members under s.244(1)(a) must have paid all what?
ADividend tax on shares
BCalls and other sums due
CStamp duty on shares
DAnnual fees to the ROC
Answer & Solution
Correct answer: B. Calls and other sums due
The applicants must have paid all calls and other sums due on their shares.
Keep practising Prevention of Oppression and Mismanagement
Browse all Prevention of Oppression and Mismanagement questions for CA Final, or explore more Law topics.
Related questions
Section 242(2)(m) is a residuary clause covering what?Chapter XVI of the Companies Act 2013 deals with what?Section 340 applies even if the matter involves what liability?Section 341 extends ss.339 and 340 to whom in a firm?Section 339(3) attracts action under which section?A s.339 declaration makes the person liable to what extent?Section 339 liability for fraudulent business arises at what stage?Under s.213(b)(iii), members lacking what is a ground for investigation?