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Worksheetscompany law 1
Total questions: 15
Worksheet time: 10mins
---------- is the constitution of the company
Memorandum
Articles
Prospectus
Agenda
Articles of Association deals with
shareholders
Outsiders
Directors
Employees
Every co. must use the word "ltd." or "Pvt. Ltd." except
Charitable companies
Non- Trading company
All of the above
1. The term ‘ultra vires’ means------------------
with the power
Beyond the power
Directors power
Shareholders power
Can an ultra vires Act be ratified?
Yes
No
Property of the company belongs to
Shareholders
company
members
promoters
When company divided its shares into smaller denomination is called as
consolidation of shares
sub division of shares
conversion into the stock
Reduction of Share capital
The word 'Ltd' is used for--------- company
Private company
Public Company
Guarantee company
Listed 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
Which is not a characteristics of a company?
Legal personality
Limited liability
Perpetual succession
No common seal
The word Company is derived from
French
Latin
Japan
Indian
Regarding written resolutions, which ONE of the following statements in true?
The members of a private company can request a written resolution, providing they hold a minimum of 10 per cent of the total voting rights in the company.
In order to pass a written resolution, unanimity is required.
The written resolution procedure cannot be used to remove an auditor before the expiry of his office.
The written resolution procedure can be used by both public and private companies.
Minimum number of members required to form a public listed company are
1
5
7
3
The process of forming a company including where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
promotion
