Which one of the following statement/ Statements are incorrect about the disqualification of the member of the Managing Committee? In case of Committee members, the persons carrying on the same business carried out by the society.If he is not a paid employee of the Society or any other society If he is interested directly or indirectly in any contract made by the Society. He should be the legal advisor or legal practitioner on behalf of the Society

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Which one of the following statement/ Statements are incorrect about the disqualification of the member of the Managing Committee?

In case of Committee members, the persons carrying on the same business carried out by the society.
If he is not a paid employee of the Society or any other society
If he is interested directly or indirectly in any contract made by the Society.
He should be the legal advisor or legal practitioner on behalf of the Society

AAll are wrong

B2 only wrong

C4 only wrong

D2, 3 wrong

Answer:

Related Questions:

Which one of the following is not a prohibition towards a banking company, under BR Act ?

No banking company shall create any charge upon any unpaid capital of the company and any such charge shall be invalid.
No banking company shall create floating charge on the undertaking or the property of the company, if such a floating charge is created, only with the written permission of the RBI.
No banking company shall pay any dividend to its shares until all capitalised expenses have been completely written of.
No banking company incorporated in India shall have a director in its board of directors, who is a director of any other bank.
No banking company may pay dividend without writing of depreciation in the value of investment of approved securities, shares, debentures, bonds, write off bad debts if any.