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WorksheetsPractice quiz -Corporate Law
Total questions: 42
Worksheet time: 21mins
The Liability of every shareholder of a company is (a)
The portion of share capital of the company that can be called only at the time of winding up of the company
Reserve capital
called up capital
uncalled capital
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
WHAT IS THE MINIMUM NUMBER OF MEMBER REQUIRED TO FORM A PUBLIC COMPANY?
2
4
7
9
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
The minimum number of directors in a public company
2
3
10
15
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
Which company should not transfer shares?
Private company
Public Company
Government company
Domestic 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
In case of government companies more than 50% shares are hold by
Central government
State government
Partly by State & Central govt
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
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
XYZ Limited is a company registered in Singapore. XYZ Limited is doing business in India through electronic mode and physically there is no place of business in India. Whether XYZ Limited will be treated as a Foreign Company under the Companies Act, 2013?
yes
no
What is the minimum paid up capital required to incorporate a private company?
2Lakhs
No minimum paid up capital required
1 lakh
What is the minimum of directors required in the case of a private company?
3
2
1
4
‘Small company’’ means a company, other than a public company
paid-up share capital of which does not exceed fifty lakh rupees or such higher amount as may be prescribed which shall not be more than five crore rupees;
turnover of which as per its last profit and loss account does not exceed two crore rupees or such higher amount as may be prescribed which shall not be more than twenty crore rupees.
in which not less than fifty one per cent of the paid-up share capital is held by Central or State Government or governments or partly by one and partly by others.
To start the working for a Private Companies , they need :
certificate of commencement of business
certificate of incorporation
Both of the above.
Private Company have the right to transfer its shares.
This statement is ..?
True
False
Full Form of OPC (a)
Can a company own a Property in their own name ?
Yes
No
A Company is an artificial person created by .... .
Law
Human Being
Result of an commercial activity
Section – 8 is for what kind of company .
Trading company
Formation of companies with charitable objects, etc
Angle investors
PERPETUAL SUCCESSION MEANS (a)
ONE PERSON COMPANY CAME INTO FORCE AFTER WHICH AMENDED ACT?
2013
2015
2016
2017
A company with one director and one shareholder is called ____________
OCP
OPC
CSR
OPP
Which one of the following is NOT a characteristic of a company
Huge Capital
Share Transferability
Capacity to file cases
Public seal
Can an One Person Company be converted into a Public/Private Company?
Yes
No
Tick all the demerits of a company from the followinig.
Formalities
More tax burden
Limited liability
Possibility of fraud
The process of forming a company including where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
Goodwill
Articles of Association is the foundation upon which the whole structure of the company is built up
True
False
---------- is the constitution of the company
Memorandum
Articles
Prospectus
Agenda
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
----------- company is prohibited to issue prospectus
Private company
Public company
Investment company
Government company
Which of the following is a special feature of a Company?
Artificial Person
Separate Legal Entity
Limited Liability
All of them
Reserve Bank of India, Life insurance Corporation are examples of ....
Statutory Company
Government Company
Foreign Company
Chartered Company
