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Under what circumstances can a promoter sell his own property to the company without making full disclosure?
  • a)
    When the property is acquired after the company's incorporation.
  • b)
    When the property was not acquired for the purpose of sale to the company.
  • c)
    When the property is not mentioned in the company's articles of association.
  • d)
    When the property is sold at a fair market price.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Under what circumstances can a promoter sell his own property to the c...
A promoter can sell his own property to the company without making full disclosure if the property was not acquired for the purpose of selling it to the company. However, if the property was acquired with the intention of selling it to the company, full disclosure is necessary to avoid a breach of duty.
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Under what circumstances can a promoter sell his own property to the company without making full disclosure?a)When the property is acquired after the company's incorporation.b)When the property was not acquired for the purpose of sale to the company.c)When the property is not mentioned in the company's articles of association.d)When the property is sold at a fair market price.Correct answer is option 'B'. Can you explain this answer?
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Under what circumstances can a promoter sell his own property to the company without making full disclosure?a)When the property is acquired after the company's incorporation.b)When the property was not acquired for the purpose of sale to the company.c)When the property is not mentioned in the company's articles of association.d)When the property is sold at a fair market price.Correct answer is option 'B'. 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 Under what circumstances can a promoter sell his own property to the company without making full disclosure?a)When the property is acquired after the company's incorporation.b)When the property was not acquired for the purpose of sale to the company.c)When the property is not mentioned in the company's articles of association.d)When the property is sold at a fair market price.Correct answer is option 'B'. 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 Under what circumstances can a promoter sell his own property to the company without making full disclosure?a)When the property is acquired after the company's incorporation.b)When the property was not acquired for the purpose of sale to the company.c)When the property is not mentioned in the company's articles of association.d)When the property is sold at a fair market price.Correct answer is option 'B'. Can you explain this answer?.
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