ibps-so 2018 · Question 178 of 356

Which one of the following is NOT mentioned in the passage among the conditions with which the law surrounds the privilege of limited liability?

AAccounts that must be published and an audit that must be independent
BA prohibition upon the payment of dividends out of capital
CA ceiling upon the remuneration that may be paid to the directors of a companyCorrect
DA duty upon directors to stop trading once the company can no longer meet its debts
EA power in the court to set the protection aside where it has been used as a cloak for fraud

Answer: C. A ceiling upon the remuneration that may be paid to the directors of a company

Official answer key verified. Detailed explanation coming soon.

Source: IBPS SO Prelims Memory Based 2018 (held 29 Dec 2018, Shift 1) - Prepp · memory-based

Practice the full ibps-so 2018 paper

Timed test with all 356 questions, just like the real exam.

ibps-so 2018 · Question 178 of 356

AAccounts that must be published and an audit that must be independent
BA prohibition upon the payment of dividends out of capital
CA ceiling upon the remuneration that may be paid to the directors of a companyCorrect
DA duty upon directors to stop trading once the company can no longer meet its debts
EA power in the court to set the protection aside where it has been used as a cloak for fraud

Official answer key verified. Detailed explanation coming soon.

Source: IBPS SO Prelims Memory Based 2018 (held 29 Dec 2018, Shift 1) - Prepp · memory-based

Practice the full ibps-so 2018 paper

Timed test with all 356 questions, just like the real exam.