Q. Which of the following is not true- (Solved)
1. a meeting of the board of directors must be held at least once in every 3 months.
2. nobody corporate, association or firm can be appointed director of a company.
3. the nominal value of qualification shares should not exceed rs.5000.
4. directors are always liable for any misstatement in a prospectus.
- d. directors are always liable for any misstatement in a prospectus.