WorksheetsCompany Law Quiz - I
Total questions: 21
Worksheet time: 21mins
Name
Class
Date
1.
Name
4 lines
2.
Which of the following is NOT a characteristic of a company?
a)
a) Perpetual succession
b)
b) Limited liability
c)
c) Mutual agency
d)
d) Separate legal entity
3.
What document is required to incorporate a company and acts as its constitution?
a)
a) Memorandum of Association
b)
b) Articles of Association
c)
c) Shareholders Agreement
d)
d) Partnership Deed
4.
Which of the following documents invites the public to subscribe for the shares or debentures of a company?
a)
Memorandum of Association
b)
Prospectus
c)
Articles of Association
d)
Certificate of Incorporation
5.
Which type of company can invite the general public to subscribe to its shares?
a)
Limited liability partnership.
b)
Public limited company.
c)
Private limited company.
d)
One Person Company.
6.
A company that is controlled by another company is known as a:
a)
Foreign company.
b)
Subsidiary company.
c)
Holding company.
d)
Associate company.
7.
Which document contains the rules and regulations for the internal management of a company?
a)
Memorandum of Association.
b)
Statement in lieu of Prospectus.
c)
Articles of Association.
d)
Certificate of Commencement of Business.
8.
The certificate that confirms the legal existence of a company is the:
a)
Memorandum of Association.
b)
Articles of Association.
c)
Certificate of Incorporation.
d)
Certificate of Commencement of Business.
9.
Which of the following sequences correctly represents the initial basic steps in the formation of a company?
a)
Capital Subscription, Promotion, Incorporation, Commencement of Business.
b)
Promotion, Incorporation, Capital Subscription, Commencement of Business.
c)
Incorporation, Promotion, Commencement of Business, Capital Subscription.
d)
Commencement of Business, Incorporation, Promotion, Capital Subscription.
10.
What is the primary purpose of the Memorandum of Association of a company?
a)
To certify the incorporation of the company.
b)
To regulate the internal affairs and management of the company.
c)
To define the company's constitution and its relationship with the outside world.
d)
To invite the public to invest in the company's shares.
11.
The 'Objects Clause' is a crucial part of which document?
a)
Memorandum of Association
b)
Prospectus
c)
Certificate of Commencement of Business
d)
Articles of Association
12.
Which type of shares typically carry preferential rights with respect to dividend payment and repayment of capital?
a)
Preference shares
b)
Equity shares
c)
Ordinary shares
d)
Bonus shares
13.
Equity shareholders are also known as:
a)
Owners of the company
b)
Creditors of the company
c)
Promoters of the company
d)
Debenture holders
14.
Who does all the necessary preliminary work incidental to the formation of the company?
a)
Secretary
b)
Promoter
c)
Director
d)
Auditors
15.
The company limited by shares need not have articles of Association of its own.
a)
True
b)
False
16.
Application for approval of name of a company is to be made to
a)
SEBI
b)
Registrar of Companies
c)
Government of India
d)
Directors
17.
Which clause defines the purpose for which the company is formed?
a)
Name Clause
b)
Liability Clause
c)
Object Clause
d)
Registered Office Clause
18.
The relationship of the promoter to the company is ___
a)
Agent
b)
Trustee
c)
Fiduciary
d)
Officer
19.
The word 'Ltd' is used for _________ company.
a)
Private Company
b)
Government Company
c)
Foreign Company
d)
Public Company
20.
ROC stands for ___________
a)
Regional Office Certificate
b)
Registrar of Companies
c)
Region of Corpus
d)
Register of Companies
21.
Maximum number of shareholders for public company is ______
a)
200
b)
300
c)
500
d)
Unlimited
100 %
