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WorksheetsCompany law introduction
Total questions: 12
Worksheet time: 5mins
In which year present Companies Act comes into force?
1956
2013
2018
2020
Minimum number of members required to form a public company are
2
5
7
3
Saloman was carried which kind of business?
cloths
Boot
Chocolate
Mobile
The term perpetual succession mean
Going to be die
Never dies
Member operated only
Separate property
Shares in private company ______
never transferable
can be transfer with approval of other members
Freely transferable
Transfer by company law Board only
The common seal of the company
Is mandatory for all the companies
It is mandatoryFor Public Co. only
It is mandatory for Pvt. Co. Only
It is optional W.E.F 29/05/15
Tick all the demerits of a company from the followinig.
Formalities
More tax burden
Limited liability
Possibility of fraud
Company can be a citizen of country?
True
False
Partially true
Partially false
Audit of accounts are compulsory in case of comapnies.
False
Partially false
True
Partially true
The process of forming a company including where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
Goodwill
DIN stands for
Director identification number
Directive identification Nil
Decisive information number
Director information numerical
The maximum number of shareholders for public company
200
300
400
Unlimited
