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WorksheetsStudent Centric
Total questions: 20
Worksheet time: 11mins
The liability of the members of the company can be limited by
Share
Guarantee
Both a & b
Neither a nor b
_________ are the company created by special act of the legislature
Registered company
Public Ltd Company
Private ltd company
a.Statutory company
The application for registration of a company should be presented to the registrar of the state in which the _______________ of the company is to be situated
Manufacturing plant
first branch
business office
any of the above.
A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than
50 Lakh
1 crore
10 Lakh
25 Lakh
The articles of association needs to be signed by
all proposed directors
registrar
subscribers of memorandum
none of the above
The shares of a _______________ company can be freely transferable
Private ltd
Public ltd
Partnership
all of the above
A Government Company means any company in which not less than 51% of the paid-up share capital is held by
Central Government
State government
Both a & b
Neither a nor b
_______________ capital means the sum mentioned in the capital clause of Memorandum of Association
Full capital
Maximum capital
share capital
Nominal Capital
Powers, rights, remuneration, qualification and duties of directors are discussed clearly in
Memorandum of Association
Articles of Association
Prospectus
none of the above
A company is known as the _______company of another company if it has control over that other company.
subsidiary
holding
controlling
statutory
Minimum number of members in case of public company
01
02
05
07
The company’s nationality is decided by its
Shareholders
Registered office
Place at books of accounts are kept
None of the above
Converting a public company into a private company requires a special resolution.
Passed by the members and with sanction of the central Government.
Passed by the members and approved by the Registrar of companies.
Passed by the members and approved by the company Law Tribunal.
Passed by the members and approved by the auditors.
Legal position of a promoter of a company is.
That of an agent.
That of a trustee
That of a solicitor.
In a fiduciary capacity.
A company is said to have been registered when?
It files Memorandum of association and Articles of Association.
It gets incorporation certificate with the Registrar of Companies.
It gets certificate for commencement of business.
It actually starts its business.
A private Limited company commences business.
At any time.
After obtaining the certificate of incorporation.
After obtaining the certificate to commence business.
None of the above
Certificate of commencement of business is not required by.
A public company.
A private company
Both public and private companies.
private company subsidiary to a public company.
Where a company does not issue prospectus
MOA
AOA
STATEMENT IN LIEU OF PROSPECTUS
PROSPECTUS
Alteration of MOA of a company is possible
True
False
A Share holder is an Agent of the Company
True
False
Not sure
