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What is the purpose of Section 163 of the Companies Act, 2013?a)To regulate the transfer of shares between shareholders.b)To grant minority shareholders the right to take legal action against the majority.c)To allow shareholders to request a company's directors to convene an extraordinary general meeting.d)To enable companies to adopt the principle of proportional representation.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of Section 163 of the Companies Act, 2013?a)To regulate the transfer of shares between shareholders.b)To grant minority shareholders the right to take legal action against the majority.c)To allow shareholders to request a company's directors to convene an extraordinary general meeting.d)To enable companies to adopt the principle of proportional representation.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of Section 163 of the Companies Act, 2013?a)To regulate the transfer of shares between shareholders.b)To grant minority shareholders the right to take legal action against the majority.c)To allow shareholders to request a company's directors to convene an extraordinary general meeting.d)To enable companies to adopt the principle of proportional representation.Correct answer is option 'D'. Can you explain this answer?.

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