BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
What must a One Person Company do if it enters into a contract not in writing, per Section 193?
1
Register the contract with the Registrar of Companies
2
Prepare minutes or a memorandum recording the terms of the contract
3
Obtain a legal opinion
4
Disclose the contract in the annual report
5
Get approval from the Board