CORPORATE LAWS

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

WHAT IS THE MINIMUM NUMBER OF MEMBER REQUIRED TO FORM A PUBLIC COMPANY?

• 2

• 4

• 7

• 9

THE COMPANIES ACT 1956 CAME INTO EXISTENCE ON WHICH DAY?

• 1ST JUNE 1956

• 1ST APRIL 1956

• 1ST JULY 1956

• 1ST AUGUST 1956

WHAT IS THE MAXIMUM NUMBER OF MEMBERS REQUIRED FOR FORMATION OF A PRIVATE COMPANY?

• 100

• 50

• 200

• 250

DEFINE COMPANY

LIMITED LIABILITY MEANS LIABILITY OF A MEMBER IS LIMITED TO THE EXTENT OF NOMINAL VALUE OF ...............HELD BY HIM.

PERPETUAL SUCCESSION MEANS............

WRITE ANY 2 CHARACTERISTICS OF A COMPANY?

UNDER WHAT BASIS COMANIES ARE CLASSIFIED AS PUBLIC AND RIVATE?

• INCORPORATION

• LIABILITY

• OWNERSHIP

• MEMBERSHIP

ONE PERSON COMPANY CAME INTO FORCE AFTER WHICH AMENDED ACT?

• 2013

• 2015

• 2016

• 2017