Quiz on Kinds of Company

What is the minimum paid-up share capital for a private company as per the Companies Act?

• One lakh rupees

• Two crores rupees

• Fifty lakh rupees

• Five lakhs rupees

How many members can a private company have at maximum?

• 400

• 300

• 200

• 100

What is a key feature of a One Person Company?

• It must have at least two directors

• It cannot be registered in India

• It can be formed by a single person

• It can have multiple members

Which of the following is NOT a requirement for a One Person Company?

• Must have only one member

• Must mention 'One Person Company' in its name

• Must hold an Annual General Meeting

• Must have a minimum paid-up capital

What is the maximum turnover for a small company as per the Companies Act?

• One crore

• Two crores

• Ten crores

• Five crores

What is the minimum number of members required to establish a public company?

• Twelve

• Five

• Ten

• Seven

Which of the following is a feature of a public company?

• Must have a minimum of two directors

• Can freely transfer shares

• Has a limit on the number of members

• Cannot invite public to subscribe

What must a public company include in its name?

• Limited

• Private Limited

• Incorporated

• Company

Which of the following is an example of a public company?

• Reliance Industries Limited

• Small Company

• One Person Company

• Private Limited Company

What is the maximum paid-up capital for a public company as per the Companies Act?

• Ten crores

• Five crores

• Two crores

• One crore