Company Law Quiz

What is the primary legislation governing companies in India?

• Indian Contract Act

• Companies Act, 2013

• Partnership Act

• Securities Contracts (Regulation) Act

Which of the following is a characteristic of a company?

• Limited liability of members

• Perpetual succession

• Separate legal entity

• All of the above

What type of company is formed for charitable purposes?

• Private company

• Public company

• Section 8 company

• One Person Company

Which document is required for the incorporation of a company?

• Memorandum of Association

• Articles of Association

• Certificate of Incorporation

• All of the above

How many directors are required for a private company under the Companies Act, 2013?

• Minimum one

• Minimum two

• Minimum three

• Minimum five

What is the maximum number of members allowed in a private company?

• 50

• 100

• 200

• Unlimited

In the context of a company, what does 'limited liability' mean?

• The liability of shareholders is unlimited

• The shareholders are liable only up to the unpaid share amount

• Shareholders can lose their personal assets

• Only directors are liable legally

What is the role of the Registrar of Companies (RoC)?

• To issue licenses for private companies

• To maintain the registry of companies

• To register patents and trademarks

• To regulate the stock market

Which of the following is NOT a type of company?

• Private Limited Company

• Limited Liability Partnership

• Public Limited Company

• Cooperative Company

What document contains the rules applicable to the internal management of a company?

• Memorandum of Association

• Articles of Association

• Annual Return

• Prospectus