NEW
Font size
WorksheetsCompany law introduction
Total questions: 25
Worksheet time: 13mins
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
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 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
Which one of the following is NOT a characteristic of a company
Huge Capital
Share Transferability
Capacity to file cases
Public seal
Reliance industries which is headed by Mukesh Ambani is an example of ___________
Chartered Company
Registered Company
One Person Company
Statutory Company
Companies formed under special regulations of the government is called __________________
Statutory Company
Regulated Company
Government Company
Associate Company
Who takes full legal responsibility in a company limited by shares?
The shareholders
The owners
The directors
The government
The minimum number of shareholders in a private company
2
7
50
200
--------- 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 minimum number of directors in a public company
2
3
10
15
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
Which company should not transfer shares?
Private company
Public Company
Government company
Domestic 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
Memorandum of Association deals with
Insiders
Outsiders
Directors
Employees
1. The term ‘ultra vires’ means------------------
with the power
Beyond the power
Directors power
Shareholders power
-----Document contains the rules and regulations regarding the internal management
Memorandum
Articles
Certificate of incorporation
Minutes
Doctrine of indoor management safeguards----
Company
Director
Third party
Ignorant stranger
----------- company is prohibited to issue prospectus
Private company
Public company
Investment company
Government company
