Company Law-quiz I

Which is not a characteristics of a company?

• Legal personality

• Limited liability

• Perpetual succession

• No common seal

Who takes full legal responsibility in a company limited by shares?

• The shareholders

• The owners

• The directors

• The government

The process of forming a company including where it becomes a legal entity is known as ______.

• Incorporation

• A franchise

• Liquidity

• Goodwill

The word Company is derived from

• French

• Latin

• Japan

• Indian

The companies which are established by king and queen is known as

• Statutory companies

• Chartered companies

• Registered companies

• Government companies

---------- is the most popular types of companies

• Statutory companies

• Association for profit

• Registered companies

• One person company

The minimum number of shareholders in a private company

• 2

• 7

• 50

• 200

What is the minimum paid up capital of public Ltd company?

• 100000

• 200000

• 500000

• 1000000

--------- is the first stage of formation of a company

• Registration

• Promotion

• Commencement of business

• Application

The relationship of the promoter to the company

• Agent

• Trustee

• Fiduciary

• Officer