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Company Law 4th Test
Company Law 4th Test
Company Law 4th Test
1. compulsory winding up: this kind of winding up is done when the company is insolvent and
then the companys assets are then distributed among the creditors. this process is done via
court when the petition is filed and then the court decides whether to wind up the company
or not.
2. voluntary winding up: this kind of winding up is done when the company is not able to
perform its business or when the company was made only for limited purpose and also when
when its not able to fulfill its financial treaty or understanding that it is morally obliged to.
q2 ans.) A person who comes forward and shares knowledge when there is something wrong going on
in the organization.
1. contact the person in any leading demat opening platform like share khan.
2. fixed the appointment with the person.
3. after demonstration, how the account will be open give the required documents like Aadhar
card, pan card, bank a/c passbook for verification and opening of the demat account.
4. then fill up the form or the share khan fills it for you.
5. once the signatures are taken then u pay the initial registration fee to the likes of share khan.
6. following that expert guidance is given by the likes of share khan in which company to invest
for shares.
7. once decided on the company buy the shares via your demat account.
8. pay the brokerage to the likes of share khan.
q1) ans.) the corporate governance issues involved in the case of transfer to the Singhania are:
1. the first issue that stands out is the fact that when Raymond as well as the promoters in 2007
had signed the deal to purchase the property at 9200 rs / sq. feet but they didnt the rate
thereby raising the questions about being transparent enough to the stakeholders in the
company.
2. influence of promoters in the audit and remuneration committee is not good for the
stakeholders as decisions favoring promoters are being taken leading to governance issues
and instead independent directors should head these committees for better corporate
governance as there a direct conflict of interest.
3. independent directors failing to protect the interests of minority and other stakeholders as
there will be a loss of 650 crores in lost opportunity.