Previous questions - 1

Originally posted by : rajiv
	These are the questions appeared in the previous ICWA foundation for which i could not find answers on my own. So friends please try to answer these questions with approppraite explanation.  1. There may be instances where a private limited company may have even more than 50 members. Illustrate

i think this is because in a private ltd company as per sec 3(1)(b) members holding shares jointly are considered as one for the second question i think its because a company as per companies act is one which is set up under companies act or any of the previous law and foreign company is not set up under the companies act of india ..hence its not a company in india and for third its because its bit tricky ...as per companies act i think first agm is to be held within 17 to 18 months from the date of incorporation hence lets say company is incorporated on dec 1 then the particular year and the next year it doesnt have to call on the agm..i didnt get your 4 th question and 5 th i guess its to be fully paid ..

hope it helps