Question

Which of the following conditions (s) is/are to be met in respect of purchase of shares by society using Principal State Partnership Fund or subsidiary State Partnership Fund ? No. Conditions

1. Prior Government Approval in writing
2. Liability should be limited to the extent of amount paid of such shares
3. Government Approval is to be sought within time given
4. Liability of society whose shares are bought may be limited or unlimited but with Government Approval

• A. 1, 2
• B. 1 only
• C. 2 only
• D. 2, 4

Answer 1

Answer:

A. 1, 2

• Purchase of shares by society using Principal State Partnership Fund or Subsidiary State Partnership Fund is :

• No. of Conditions

1. Prior Government Approval in writing

2. Liability should be limited to the extent of amount paid of such shares