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company law

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The word Company is derived from

a)

French

b)

Latin

c)

Japan

d)

Indian

2.

The companies which are established by king and queen is known as

a)

Statutory companies

b)

Chartered companies

c)

Registered companies

d)

Government companies

3.

---------- is the most popular types of companies

a)

Statutory companies

b)

Association for profit

c)

Registered companies

d)

One person company

4.

The minimum number of shareholders in a private company

a)

2

b)

7

c)

50

d)

200

5.

--------- is the first stage of formation of a company

a)

Registration

b)

Promotion

c)

Commencement of business

d)

Application

6.

The minimum number of directors in a public company

a)

2

b)

3

c)

10

d)

15

7.

ROC stands for

a)

Regional office certificate

b)

Registrar of Companies

c)

Region of corpus

d)

Register of companies

8.

The word 'Ltd' is used for--------- company

a)

Private company

b)

Public Company

c)

Government company

d)

Foreign company

9.

Which company should not transfer shares?

a)

Private company

b)

Public Company

c)

Government company

d)

Domestic company

10.

What does 'Limited Liability by Shares' principle mean ?

a)

liability of shareholder's are unlimited

b)

liability of shareholder's are limited to the re sale value of shares they have in the company

c)

liability of shareholder's are limited to the extent of the nominal value of shares in the company

d)

share holder's have no liability for company's losses