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CORPORATE LAWS
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University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHICH OF THE FOLLOWING ARE NOT THE CHARACTERISTIC OF A COMPANY?
IT EXIST ONLY IN CONTEMPLATION OF LAW
THE MEMBERS CANNOT BE SUED FOR THE DEBTS OF A COMPANY
IT COMES TO AN END ON THE DEATH OF ALL ITS MEMBERS
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHAT IS THE MINIMUM NUMBER OF MEMBER REQUIRED TO FORM A PUBLIC COMPANY?
2
4
7
9
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
THE COMPANIES ACT 1956 CAME INTO EXISTENCE ON WHICH DAY?
1ST JUNE 1956
1ST APRIL 1956
1ST JULY 1956
1ST AUGUST 1956
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHAT IS THE MAXIMUM NUMBER OF MEMBERS REQUIRED FOR FORMATION OF A PRIVATE COMPANY?
100
50
200
250
5.
OPEN ENDED QUESTION
3 mins • 1 pt
DEFINE COMPANY
Evaluate responses using AI:
OFF
6.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
LIMITED LIABILITY MEANS LIABILITY OF A MEMBER IS LIMITED TO THE EXTENT OF NOMINAL VALUE OF ...............HELD BY HIM.
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
PERPETUAL SUCCESSION MEANS............
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