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WorksheetsQuiz 1 Company law
Total questions: 15
Worksheet time: 9mins
Which statement is true about a company?
It is a separate legal entity
It has limited liability
It has a common seal
All of These
Which statement is not true about partnership?
Registration of Partnership is not compulsory about partnership.
Partnership firm has no independent existence from its members.
Each partner is liable to unlimited extent for the debt of the firm.
Partner can transfer his share without the consent of other partners
East India company is a ___________ Company.
Registered Company
Statutory Company
Chartered Company
None of These
What is the maximum number of members a private company can have?
100
300
200
400
What is the primary purpose of a memorandum of association?
To provide details about the company's financial statements
To outline the company's internal rules
To define the company's relationship with its shareholders
To state the company's objectives and scope of activities
Which of the following is a characteristic of a limited liability partnership (LLP)?
It cannot own property
Partners have unlimited liability
It is a separate legal entity
All partners must be individuals
When the protection of separate entity is taken away?
When the notion of legal entity is used to defeat public convenience.
When the notion of legal entity is used to justify wrong.
When the notion of legal entity is used to protect fraud
All of These
What is the primary difference between a private company and a public company?
Private companies are always smaller than public companies
Public companies cannot have shareholders
Public companies have more regulatory requirements
Private companies can issue shares to the public
What is the role of a company secretary?
To represent the company in legal matters
To manage the company's finances
To oversee the company's marketing strategies
To ensure compliance with legal requirements
What is a function of promoter?
Deciding a company's name
Nominates directors, solicitors, bankers
Settle details of Memorandum of Association
All of These
What is the primary responsibility of a board of directors?
To manage day-to-day operations
To oversee the company's strategic direction
To handle customer service issues
To conduct market research
DIN stands for (a)
Which document is essential for the incorporation of a company?
Partnership Agreement
Shareholder Agreement
Business Plan
Articles of Association
DSC Stands for (a)
Which form is used for the appointment of Director in a company?
Form No. 32
Form No. 33
Form No. 31
Form No. 34
