Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22) What happens if losses of a JSC reach 50% of its capital at any time during the financial year? 1. The company's officers or

image text in transcribed

22) What happens if losses of a JSC reach 50% of its capital at any time during the financial year? 1. The company's officers or auditors must inform the Chairman 2. The Chairman must immediately inform the board 3. The board must call an EGM within 10 days 4. The EGM must take place within 30 days 5. The EGM should pass a resolution to: (a) increase or decrease the capital to bring the losses below the 50% threshold or (b) dissolve the company. O 1. The company's officers or auditors must inform the Chairman 2. The Chairman must immediately inform the board 3. The board must call an EGM within 15 days 4. The EGM must take place within 45 days 5. The EGM should pass a resolution to: (a) increase or decrease the capital to bring the losses below the 50% threshold or (b) dissolve the company. O 1. The company's officers or auditors must inform the Chairman 2. The Chairman must immediately inform the board 3. The board must call an EGM within 15 days 4. The EGM must take place within 45 days 5. The EGM should pass a resolution to: (a) increase or decrease the capital to bring the losses below the 50% threshold O 1. The company's officers or auditors must inform the Chairman 2. The Chairman must immediately inform the board 3. The board must call an EGM within 15 days 4. The EGM must take place within 45 days 5. The EGM should pass a resolution to: (a) increase or decrease the capital to dissolve the company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

What is cultural tourism and why is it growing?

Answered: 1 week ago