Corporate Law - UNIT I

WHICH OF THE FOLLOWING ARE NOT THE CHARACTERISTIC OF A COMPANY?

• IT EXISTS ONLY UNDER THE 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

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

• 100

• 50

• 200

• 250

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

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

• Incorporation

• A franchise

• Liquidity

• Goodwill

The minimum number of Directors in a Public Company

• 2

• 3

• 10

• 15

ROC stands for

• Regional office certificate

• Registrar of Companies

• Region of corpus

• Register of companies

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

• 2

• 4

• 7

• 9

Private Company have the right to transfer its shares.

This statement is ..?

• True

• False

A Private company must have a paid-up share capital of minimum

• 5 Lakh

• 1 Lakh

• 3 Lakh

• 10 Lakh