BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
What situation can legally oblige directors and promoters to compensate investors under Section 35?
1
If they unintentionally omitted non-critical information.
2
If the director had a minor conflict of interest.
3
If the investors incurred losses due to false statements relied on in the prospectus.
4
If the company’s market value decreased by a certain percentage.
5
None of the above legally obligates compensation.