FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me for solving this question of company law subject as soon as possible. 0.5 The Board of directors of Luice Ltd. in the

image text in transcribed

Please help me for solving this question of company law subject as soon as possible.

image text in transcribed
0.5 The Board of directors of Luice Ltd. in the private sector having made an average net profit of Rs. 1 crore during the last three financial years proposes to donate during the coming year a sum of Rs 4 lakh to a registered political party. Advise the Board of directors about their powers in respect of the above proposal. 12 Marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Sports Law

Sports Law

Authors: Mark James

3rd Edition

113755925X, 978-1137559258

More Books

Students also viewed these Law questions

Question

★★★★★
Point out how it follows from expressions (15) and (16) in Sec. 34 for |sin z|2 and |cos z|2 that (a) |sin z| |sin x|; (b) |cos z| |cos x|.

Answered: 1 week ago

Question

★★★★★
Chemical costs associated with a packed-bed flue gas incinerator for odor control have been decreasing uniformly for 5 years because of increases in efficiency. If the cost in year 1 was $100,000 and...

Answered: 1 week ago

Question

★★★★★
In this chapter, four different types of workfamily interaction were distinguished. Give two examples for each type of interaction.

Answered: 1 week ago

Question

★★★★★
Keppel Corporation manufactures and sells three different models of exterior doors. Although the doors vary in terms of quality and features, all are good sellers. Keppel is currently operating at...

Answered: 1 week ago

Question

★★★★★
you are compiling a list of requirements from design sessions , you are separating functional from non functional. track aberage resolution time for customer support ticket. proscess 1 0 0 customer...

Answered: 1 week ago

Question

★★★★★
Performance evaluations in a mastery-oriented learning environment include Group of answer choices privileges for "smart" children. prizes for the "best" performance. private evaluations. wall...

Answered: 1 week ago

Question

★★★★★
1. Imagine that you are the chief executive or equivalent in a company which has operations across the globe, and that you plan to introduce best practice supply chain management into the...

Answered: 1 week ago

Question

★★★★★
28. A Veteran is feeling ill on vacation and wants to be seen at the Orlando VA. The veteran currently receives care at the VA in Jackson, MD. When the Veteran arrives at the

Answered: 1 week ago

Question

★★★★★
Community Hospitals provide medical services for patients who require a short period of continuation of care, usually after their discharge from the acute hospitals. The types of care at the...

Answered: 1 week ago

Question

★★★★★
Stock price: $200 Exercise (Strike) price: $200 The stock price will either rise to $300 or fall to $125 at the end of one year. Risk free rate: 4% annual Option life: 6 months CALL OPTION=$44.24 1....

Answered: 1 week ago

Question

★★★★★
SR Company manufactures two types of Computers, CX1 and CX2. The labour rates per hour for design is $75 per hour while for that of testing and inspection is $40 per hour Other information on each...

Answered: 1 week ago

Question

★★★★★
E3-3A. Calculate and Use Overhead Rate During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs, expenses, and operating data, related to Job 63: Direct material...

Answered: 1 week ago

Question

★★★★★
The relevance of the information to the interpreter

Answered: 1 week ago

Question

★★★★★
The first-hand information rule: If an event is communicated to us by someone who witnessed an event at first-hand, we will have more confidence in the information than if we were told about it by...

Answered: 1 week ago

Question

★★★★★
The background knowledge of the interpreter

Answered: 1 week ago

Previous Question Next Question