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Worksheetscompany law
Total questions: 20
Worksheet time: 10mins
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
Property of the company belongs to
Shareholders
company
members
promoters
The word 'Ltd' is used for--------- company
Private company
Public Company
Guarantee company
Listed company
Which is not a characteristics of a company?
Legal personality
Limited liability
Perpetual succession
No common seal
Minimum number of members required to form a public listed company are
1
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 transfered with approval of other members
Freely transferable
Transfer by company law Board only
Minimum number of members required to form a public company are
2
5
1
3
Audit of accounts are compulsory in case of public companies.
False
Partially false
True
Partially true
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
What documents constitute the 'constitution of a company'?
An article of association & contract.
Memorandum of association & letter of application.
article of association.
I need to study more.
-----Document contains the rules and regulations regarding the internal management
Memorandum
Articles
Certificate of incorporation
Minutes
Who takes full legal responsibility in a company limited by shares?
The shareholders
The owners
The directors
The government
--------- is the first stage of formation of a company
Registration
Promotion
Commencement of business
Application
The minimum number of directors in a public company
1
2
10
15
