English, asked by kejalthakkar07, 2 months ago

The legal effects of Allotment of Shares are---

Answers

Answered by Neethu0411

1

Answer:

Sec. 71(3) lays down that if any director knowingly or wilfully contravenes the rules or authorizes the contravention, he is liable to pay compensation to the shareholders concerned for any loss or damage suffered by him. But the suit for compensation must be filed within 2 years from the date of allotment.

HOPE IT HELPS!!!

Previous Question

Next Question

Similar questions

Geography, 1 month ago

दिलेल्या त्यातील ऒळी वाच व ...

Social Sciences, 1 month ago

what is sustainable development...

English, 1 month ago

35 POINTS In this excerpt from Robert Burns’s poem “A Red, Red Rose,” which two lines are written in iambic trimeter? (An iambic trimeter pattern contains an unstressed syllable followed by a stressed syllable. The pattern repeats three times per line.) O my Luve’s like a red, red rose That’s newly sprung in June: O my Luve’s like the melodie That’s sweetly play’d in tune! As fair art...

History, 2 months ago

Thank you so much.. Nice idea...☺️ What are the various types of Soil Erosion ?

English, 2 months ago

Now, complete these sentences with the right form of the phrasal verbs given above a. The book was so old that it in my hands when I picked it up. b. My teacher wanted to know how the problem in the first place, C. A few witnesses to help the police at the accident site. d. He some important documents when he was looking for something else in his desk e. We're going to Rima's house. Do you want...

English, 10 months ago

the bus stop a few minute ago (negative form)...

French, 10 months ago

Composition on how my father spent the past few weeks.

Math, 10 months ago

Find the value of "a" ? Any intelligent person is here who solve this? It is not so hard...