Which of the following statements is MOST CORRECT? , NCLT cannot entertain the application under any circumstances, Only the Central Government can waive the eligibility requirement, NCLT may waive the eligibility requirement after recording reasons in writing, Waiver is possible only if oppression is already proved, Which of the following orders CANNOT be passed by NCLT under Section 242?, Regulation of conduct of company’s affairs in future, Purchase of shares of any member by other members, Removal of managing director, Imposition of monetary penalty on directors, The accountant's testimony was important because it established:, A. Personal conflict between shareholders, B. Diversion of funds with no supporting documents, C. Decline in company profits, D. Improper appointment of directors.

final round

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