Company law introduction

In which year present Companies Act comes into force?

• 1956

• 2013

• 2018

• 2020

Minimum number of members required to form a public company are

• 2

• 5

• 7

• 3

The term perpetual succession mean

• Going to be die

• Never dies

• Member operated only

• Separate property

Shares in private company ______

• never transferable

• can be transfer with approval of other members

• Freely transferable

• Transfer by company law Board only

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

• Incorporation

• A franchise

• Liquidity

• Goodwill

DIN stands for

• Director identification number

• Directive identification Nil

• Decisive information number

• Director information numerical

The maximum number of shareholders for public company

• 200

• 300

• 400

• Unlimited

Which one of the following is NOT a characteristic of a company

• Huge Capital

• Share Transferability

• Capacity to file cases

• Public seal

Reliance industries which is headed by Mukesh Ambani is an example of ___________

• Chartered Company

• Registered Company

• One Person Company

• Statutory Company

Companies formed under special regulations of the government is called __________________

• Statutory Company

• Regulated Company

• Government Company

• Associate Company