WorksheetsCompany Law
Total questions: 10
Worksheet time: 5mins
The process of forming a company including where it becomes a legal entity is known as ______.
Incorporation
A franchise
Liquidity
Goodwill
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
Government company
Foreign company
Which company should not transfer shares?
Private company
Public Company
Government company
Domestic company
What does 'Limited Liability by Shares' principle mean ?
liability of shareholder's are unlimited
liability of shareholder's are limited to the re sale value of shares they have in the company
liability of shareholder's are limited to the extent of the nominal value of shares in the company
share holder's have no liability for company's losses
----------- company is prohibited to issue prospectus
Private company
Public company
Investment company
Government company
What does 'Limited Liability by Shares' principle mean ?
liability of shareholder's are unlimited
liability of shareholder's are limited to the re sale value of shares they have in the company
liability of shareholder's are limited to the extent of the nominal value of shares in the company
share holder's have no liability for company's losses
A public company can be defined 'as a company, other than a private company', which must be listed in the stock exchange and must have more than fifty shareholders.
True
False
According to the rule in Turquand's case, a company is prohibited from dealing in its own shares.
True
False
