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WorksheetsCORPORATE REGULATIONS AND ADMINISTRATION
Total questions: 50
Worksheet time: 23mins
The term company is defined under which sec of the Act?
Sec 2 (20)
Sec 4 (2)
Sec 2 (4)
Sec 1 (3)
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 process of forming a company including where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
Goodwill
The maximum number of shareholders for public company
200
300
400
Unlimited
DIN stands for
Director identification number
Directive identification Nil
Decisive information number
Director information numerical
The minimum number of shareholders in a private company
2
7
50
200
ROC stands for
Regional office certificate
Registrar of Companies
Region of corpus
Register of companies
Reserve Bank of India, Life insurance Corporation are examples of ....
Statutory Company
Government Company
Foreign Company
Chartered Company
Which of the following are the feature of the private co.
Restriction on transfer of shares
Limitation on membership
Prohibition on inviting public to subscribe for securities
All of the above
Maximum share capital in case of OPC cannot exceed
5 lakh rupees
5 crores rupees
2 crores rupees
50 laks rupees
WHICH OF THE FOLLOWING ARE NOT THE CHARACTERISTIC OF A COMPANY?
IT EXISTS ONLY UNDER THE LAW
THE MEMBERS CANNOT BE SUED FOR THE DEBTS OF A COMPANY
IT COMES TO AN END ON THE DEATH OF ALL ITS MEMBERS
LIMITED LIABILITY MEANS LIABILITY OF A MEMBER IS LIMITED TO THE EXTENT OF NOMINAL VALUE OF (a) HELD BY HIM.
UNDER WHAT BASIS COMPANIES ARE CLASSIFIED AS PUBLIC AND PRIVATE?
INCORPORATION
LIABILITY
OWNERSHIP
MEMBERSHIP
The process of forming a company where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
Goodwill
Give the full form of NCLT
(a)
The 2013 Act is divided into 29 chapters containing 470 sections.
True
False
One person company is a type of private company
True
False
In a company .............the liability of its members limited to such amount as the members may respectively undertake, by the memorandum, to contribute to the assets of the company in the event of its being wound-up.
Limited by guarantee
Limited by shares
with unlimited liability
None of these
Demutalisation is the seperation of ownership and management.
True
False
Only persons engaged in an activity connected with, or related to, primary produce can participate in the ownership of (a)
These companies are not-for-profit companies having charitable objectives or want to promote commerce, art, science, sports, education, research, etc.
which company?
(a)
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
Subsidiary co. means a company in which the holding co.
Controls the composition of Board of Directors
Control more than 50% of total share capital
All of the above
Foreign co. is a company
Registered in India
Registered in India has place of business outside India
Registered outside India has place of business in India
None of the above
Full form of CSR
Corporate sustainable report
COrporate social Responsibility
Company sustainability record
Corporate social resources
Shares in the public company is freely Transferable
True
False
Quorum in case of public company is
Minimum of two members
Minimum of three members
Minimum of five members
Maximum if five members
---------- is the most popular types of companies
Statutory companies
Association for profit
Registered companies
One person company
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 liability of members if company is limited by shares
Unpaid value of shares
Guarantee amount
Unlimited liability
none
Property of the company belongs to
Shareholders
company
members
promoters
The maximum number of shareholders for Public Company
200
300
400
Unlimited
WHAT IS THE MINIMUM NUMBER OF MEMBER REQUIRED TO FORM A PUBLIC COMPANY?
2
4
7
9
WHAT IS THE MAXIMUM NUMBER OF MEMBERS REQUIRED FOR FORMATION OF A PRIVATE COMPANY?
100
50
200
250
According to section 464 any company or association of persons or partnership in which the number of members is more than ....... is treated as illegal association
100
25
30
50
As per Section 2(6), “.............. Company”, in relation to another company, means a company in which that other company has a significant influence,
Subsidiary company
Small company
Associate Company
Holding company
"significant influence” means control of at least .....per cent of total share capital, or of business decisions under an agreement.
20
50
25
75
If XYZ is the holding company of PQR Ltd. then, which of the following statement is not true in this regard.
XYZ Ltd. controls the composition of Board of PQR
XYZ Ltd. holds more than 50% of the nominal value of the equity shares of PQR ltd.
Both 1 and 2
None of the above
What are the limits of number of members in a Private Company?
50
100
2
200
A public company must have at least————- directors whereas a private company must have at least ——————-directors.
3,2
2,3
1,1
4,1
A subsidiary of a government company is also treated as a
Public Company
Private Company
Government Company
None of the above
Which of the following company is incorporated in a country outside India?
Government Company
OPC
Producer Comapny
Foreign Company
Which of the following statement is false?
The shareholders of a company have limited liability.
No legal formality is required to form a company.
A company is managed by the elected representatives of shareholders.
A company can own property in its own name.
A and B were the only members of a company who died in a road accident. In this case, the company comes to end on the death of A and B.
True
False
A statutory company or corporation is one which is incorporated
By an Act of Parliament
By an Act of State Legislature
By the Companies Act 2013
either by 1 or 2
A Government Company is one in which 51% or more of the paid up share capital is held b
Central Government only
State Government only
Both Central and State Government
Any of the above
Which of the following is not the characteristic of a public company?
Seperate Legal Entity
Common Seal and seperate property
Perpectual Succession
Non Transferability of Shares
