alleryStart learning →A good-faith buyer of an undertaking sold under s.180(1)(a) has title that:
ARemains unaffected
BLapses after one year
CNeeds Tribunal approval
DIs voidable by members
Answer & Solution
Correct answer: A. Remains unaffected
Section 180(3)(a) says the title of a good-faith buyer is not affected by the restriction.
Keep practising Meetings of Board and Its Powers
Browse all Meetings of Board and Its Powers questions for CA Final, or explore more Law topics.
Related questions
Section 186(4) requires loans and investments to be disclosed in the:Maximum imprisonment for contravening s.186 per s.186(13) is:s.186(11) exempts lending by which company in ordinary business?The s.186 register of loans, guarantees and investments is kept at the:A company in default on repaying deposits may not give loans under s.186(8) until:Loans under s.186 cannot be at an interest rate below the yield on:Under s.186(5), a subsisting term loan needs prior approval of:Section 186(5): a Board resolution sanctioning a loan needs consent of: