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Options
- A
Authorised signatories have to sign the request for transactions of institutional investors in mutual funds
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Even if the Memorandum of Association and Articles of Association do not permit investment in mutual funds, the company can invest in mutual funds on the basis of a Board Resolution
Correct answer
- C
Statement A is false
-
Statement B is false
Correct answer
- E
Both statements A and B are false
Why this is the answer
A company cannot invest in mutual funds unless its Memorandum of Association and Articles of Association specifically allow it. A Board Resolution alone is not sufficient.
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