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Company Law

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

A Company has been formed to undertake the business of making designer shoes. This objective of the company would be found in which of the following documents ?

a)

Certificate of incorporation

b)

MOA

c)

Directors certificate of commencement of business

d)

AOA

2.

Which of the following is/are important content(s)/clauses(s) in the MOA of a company ?

a)

Name of the company

b)

Place of business of the company

c)

Objects of the company

d)

Share capital of the company

e)

All ofthe above

3.

Minimum paid up capital for a public company

a)

5 l

b)

2 L

c)

4 L

d)

10 L

4.

The name of a company can be changed by____.

a)

an ordinary resolution

b)

a special resolution

c)

the approval of the union government

d)

a special resolution and with the approval of the central government

5.

The ____defines a companys relations with the outside world.

a)

prospectus

b)

memorandum of association

c)

articles of association

d)

statement in lieu of prospectus

6.

Which company doesn't conduct any business but just exists to hold the assets or intellectual properties ?

a)

Associate company

b)

Dormant company

c)

Producer company

d)

Small company

7.

What acts as a shield between a company and its members ?

(a)  

8.

company incorporated by the act of the parliament is :

a)

Statutory Company

b)

Private Company

c)

Chartered Company

d)

Government Company

9.

The process of organizing and planning the the finances of business enterprise under the corporate form is called

a)

Prospectus

b)

Promotion

c)

Directors

10.

Which company turnover should not exceed 2 crore?

a)

One person company

b)

Small company

c)

Subsidiary company

d)

Associate company

11.

Which features of company does not require insurable interset in the property of the company?

(a)  

12.

Which company comes together to form an association to exploit business opportunities ?

a)

Public company

b)

Formation of company

c)

Dormant company

13.

LIC is an example of

a)

Statutory company

b)

Registered company

c)

Public company

d)

None of the above

14.

It is not necessary to put common seal on which document of the company ?

a)

Share warrants

b)

Share certificates

c)

MOA

d)

Deeds executed in any place in India

15.

Private companies can start their business only after getting the certificate of

(a)  

16.

A promoter _______.

a)

is not agent of the company

b)

is not a trustee of the company

c)

occupies a fidicuary position

d)

All of the above

17.

Companies Act 1956 was repealed by

a)

Companies Act 2013

b)

Companies Act 2010

c)

Companies Act 2002

18.

Minimum number of members in case of private company is

(a)  

19.

East India Company was an example of

a)

Foreign company

b)

Chartered company

c)

Public company

20.

The minimum number of members required for a meeting is called as

a)

BOD

b)

Proxy

c)

Quorum