Company Law

1. The doctrine which advocates the fact that company cannot act beyond the scope of its memorandum of association is:

• Doctrine of constructive notice

• Doctrine of indoor management

•   Doctrine of ultra vires

• Doctrine of intra vires

2. The most important document of a company is

• Annual Report

• Balance Sheet

• Prospectus

• Memorandum of Association

4. Which one of the following is not the content of the Memorandum of Association?

• Name clause

• Registered office clause

• Objects clause

• Board of Directors clause

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

• Incorporation

• A franchise

• Liquidity

• Goodwill

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

The ..............'s report informed shareholders some irregularities found on the company accounts.

• Liquidator

• Proxy

• shareholder

• Auditor

The court ordered the ________ to wind up (legally and formally close /end a company) before next December.

• Liquidator

• Proxy

• shareholder

• Auditor

Since I can't attend the next meeting, the _______ will do it and will vote for me.

• Liquidator

• Proxy

• shareholder

• Auditor

a person who gets part of the company's profits and the right to vote on how the company is controlled is called a

• shareholder

• auditor

• proxy

• liquidator

A government authorithy issues a ________ to certify that a company legally exists .