n NISM Certifications
XV NISM Series XV
Medium

Which parties have the authority to initiate a scheme of arrangement under the Companies Act? A- Members of the company, B- The company’s creditors and C- The company acting on its own

Practice question from NISM XV Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only A and B

  2. B

    Only B and C

  3. C

    Only A and C

  4. All A, B and C

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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NISM XV Mock Test 6