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Assertion (A): A company which is suffering huge losses can be shut down only by following the procedures laid down in Companies Act. Reason (R): A company can be born as well as liquidated only by law. a. A is true but R is false. b. Both A and R are true, but R is not the correct explanation of Ac. A is true and R is the correct explanation of Ad. Both A and R are false. |
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Answer» c. A is true and R is the correct explanation of A |
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