alleryStart learning →Section 341 extends ss.339 and 340 to whom in a firm?
ACustomer of firm
BPartner in the firm
CBanker of the firm
DLandlord of the firm
Answer & Solution
Correct answer: B. Partner in the firm
Section 341 covers any person who was at the relevant time a partner in that firm or a director of that body corporate.
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 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?A s.213 investigation can follow business conducted to do what?