Class Assignment 1

In case of a company is limited by _____________, the liability of its members is limited to the unpaid amount of shares they hold.

• Shares

• Guarantee

• Directors

• Shareholders

In the case of a company is limited by guarantee, the liability of its members is limited to ____________________.

• the amount of each members' contribution towards the assets of the company.

• the unpaid amount of shares they hold

• the entire liability of the company

• All of the above

Which of the following details is not included in the Memorandum of a company?

• Registered office address

• Objects of the company

• Liability of various members of the company

• Shares of the shareholders

According to the Indian Companies Act, 2013, there should be at least a minimum of 1 female director on the company's board.

• The statement is true

• The statement is false

• The statement is not mandatory

• Cannot determine

Though a company is an artificial legal person, it can act only through _______ agency

• Legal
• Artificial
• Human & Animal
• Human

3.A certificate of incorporation is issued when the proper documents for company formation have been filed.

• True

• False

What is a 'proxy?'

• A person appointed, on behalf of a member, to attend, speak and/or vote at a general meeting on the member's behalf

• A member who appoints another person to attend, speak and vote at a general meeting on his behalf.

• A member who has agreed not to use the votes attached to his shares.

• A director of a company who owns shares in that company.

What are the limits of number of members in a Private Company?

• (a) Fifty

• b) Seven

• (c) Twenty

• (d) Two hundred

One person company can be ……. .

• A: Public Company

• B: Private company

• C: Non Profit organization

• D: All of the above

_________ are the

company created by special act of the legislature

• A Registered company

• B:Public Ltd Company

• C:. Private ltd company

• D. Statutory company