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WorksheetsCOMPANY LAW - BB Revision 1
Total questions: 20
Worksheet time: 10mins
Property of the company belongs to
Shareholders
company
members
promoters
The liability of members if company is limited by shares
Unpaid value of shares
Guarantee amount
Unlimited liability
none
Which is not a characteristics of a company?
Legal personality
Limited liability
Perpetual succession
No common seal
Who takes full legal responsibility in a company limited by shares?
The shareholders
The owners
The directors
The government
The process of forming a company including where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
Goodwill
The word Company is derived from
French
Latin
Japan
Indian
The companies which are established by king and queen is known as
Statutory companies
Chartered companies
Registered companies
Government companies
---------- is the most popular types of companies
Statutory companies
Association for profit
Registered companies
One person company
--------- is the first stage of formation of a company
Registration
Promotion
Commencement of business
Application
The relationship of the promoter to the company
Agent
Trustee
Fiduciary
Officer
The Registrar may reserve the name for ---days from the date of application
50
60
70
80
Who is the head and brain of the company?
Shareholders
Employees
Directors
Stakeholders
Who is the head and brain of the company?
Shareholders
Employees
Directors
Stakeholders
DIN stands for
Director identification number
Directive identification Nil
Decisive information number
Director information numerical
ROC stands for
Regional office certificate
Registrar of Companies
Region of corpus
Register of companies
The word 'Ltd' is used for--------- company
Private company
Public Company
Government company
Foreign company
---------- is the constitution of the company
Memorandum
Articles
Prospectus
Agenda
Articles of Association is the foundation upon which the whole structure of the company is built up
True
False
1. The term ‘ultra vires’ means------------------
with the power
Beyond the power
Directors power
Shareholders power
