forms of Organisation

Name the act that grants equal coparcenery rights to girl child of the family.

• Hindu succession Act, 1956

• Companies Act, 2013

• Indian Partnership Act, 1932

• Hindu Succession act, 2005

Identify the liability of Minor in Joint Hindu Family Business.

• Limited

• Unlimited

Meaning of Unlimited liability is

• unlimited resources may be use

• Unlimited payment is to be done

• Personal property of proprietor will be use to pay business debt

• unlimited time for business

Mention the maximum number of partners in partnership and under which Act it is mention.

• 100, Indian Partnership Act 1945

• 50, Indian Partnership Act, 1932

• 50, Companies Act 2013

• 100, Companies Act 2015

Can Partnership be carried on without having agreement in writing?

• Yes

• NO

Name the partner who does not contribute capital for business but held liable to outsiders.

• Partner by estoppel

• Secret Partner

• Active Partner

• Dormant Partner

Name the partnership in which liability of one partner is limited and the liability of remaining partners unlimited.

• Partnership at will

• General Partnership

• Limited Liability Partnership

• Particular Partnership

Name the partnership in which partners can close partnership by giving notice.

• Partnership at will

• General Partnership

• Limited Liability Partnership

• Particular Partnership

Name the types of company which require to maintain the index of its members.

• One person company

• Joint stock company

• Public Company

• Private Company

"One person company can be formed by one person and that one person must be natural person". state

• True

• False