send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
The BOD at the BM approved a contract to Arc Builders. The said contractor was having less than 2 years 11 months of Building experience in Infra projects at that point. At the ensuing General meeting 3 months later, the Company added a regulation that only Contractors with more than 3 years of Builiding experience shall be hired . Arc Builders’ contract was rescinded as a result retrospectively, as the GM was of the opinion that Shareholders can undo decisions made by BOD, and can provide retrospective ratification or revocation. Is the treatment correct.
No, the BOD’s decisions cannot be retrospectively rescinded by GM of shareholders as they were valid on the day they were made
Yes, the Shareholders at GM are true owners of the Company and can do ratify as well as rescind a contract retrospectively
No, the Shareholders cannot rescind the contract as on the relevant date of GM the Arc Builders have requisite experience
None of the Above
Section 179(2) provides that no regulation made by the company in general meeting shall invalidate any prior act of the Board which would have been valid if that regulation had not been made.
By: Srishti Gupta ProfileResourcesReport error
Access to prime resources
New Courses