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on 07-Aug-2020 (Fri)

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Flashcard 5677106990348

Question
What is the purpose of the provisions of Inquiry and Investigation?
Answer
It became imperative for the Central Government to assume certain powers to investigate the affairs of the company in appropriate cases particularly where there was reason to believe that the business of the company was being conducted with the intent to defraud its creditors or members or for a fraudulent or unlawful purpose, or in any manner oppressive of any of its members

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Flashcard 5677109873932

Question
Where are provisions pertaining to Inspection, Inquiry and Investigation contained in the Act?
Answer
Chapter XIV contains Sections 206 to 229 of the Companies Act, 2013; deals with the provisions relating to Inspection, Inquiry and Investigation into the affairs of company.

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Flashcard 5677114330380

Question
[default - edit me]
Answer
Call for information, inspection of books of account, books, papers and explanations and order for inquiry in section 206, submission of inspection report in 208, Search and seizure in 209, Shall have all the powers as are vested in a civil court in section 207.

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Flashcard 5677116689676

Question
[default - edit me]
Answer
call for the books of account and other books and papers under section 206, make an inspection or inquiry under section 206, Shall have all the powers as are vested in a civil court in section 207, submit inspection report in section 208, Search and seizure of documents in 209, To investigate on matters relating to company and its membership for determining ownership of company in section 216.

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Flashcard 5677117738252

Question
[default - edit me]
Answer
May authorize any statutory authority to carry out the Inspection of books of accounts of company in 206, Investigate into affairs of company in 210, Appointment of inspectors to investigate into affairs of the company and to report there on in section 210, Establishment of SFIO in 211, Assignment the inv estigation into the affairs of company by SFIO in section 212, Appointment of inspector to investigate on matters relating to company and its membership for determining ownership of company in section 216, Actions may be taken in pursuance of inspector’s report in section 224

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Annotation 5677120097548

#artificial-intelligence #emotion-machine #minsky
logic-based systems are very precise, but they make it hard to do reasoning with analogies.
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Annotation 5677121146124

#artificial-intelligence #emotion-machine #minsky
Homo sapiens. Each normal individual of this species makes a self.
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Annotation 5677123243276

#artificial-intelligence #emotion-machine #minsky
Artist: Creativity does not result from lack of constraints, but comes from discovering appropriate ones. Our best new ideas are the ones that lie just beyond the borders we wish to extend. An expression like "skdugbewlrkj" may be totally new, but would have no value unless it connects with other things that you already know.
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Annotation 5677124291852

#artificial-intelligence #emotion-machine #minsky
A single error in a large computer program can cause the entire system to stop. I suspect our human "thinking processes" often "break down," but you rarely notice that anything's wrong, because your systems so quickly switch you to think in different ways, while the systems that failed are repaired or replaced
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