Test Modules I

I COMPANY & CLASSES

I COMPANY & CLASSES

1 / 371

The _________ measure the amount of the company’s net income, i.e., theoretically available for payment to the holder of its common stock.

2 / 371

If in the course of winding up of company it appears that business has been carried with intent to defraud creditors/another person for any fraudulent activity then on application by ……………. to Tribunal, it shall examine and pass orders to declare any person liable without limitation and be personally liable.

3 / 371

Section 232 of the company act 2013 deal with_______

4 / 371

Voting Rights in case Producer Company is formed by combination of individual Members and Producer Institution shall be on the basis of ___________

5 / 371

A compromise and arrangement between the company and its member or its creditor required approval of _____?

6 / 371

In case of Merger or Amalgamation of Companies, any legal proceedings pending by or against any transferor company on the date of transfer __________

 

7 / 371

In case of Merger or Amalgamation of Companies where the transferor company is a listed company ad the transferee company is an unlisted company, the transferee company _________

8 / 371

No company whether it is unlisted, listed or a public company limited by shares shall issue equity shares with differential rights as to dividend, voting or otherwise, unless it complies with the following conditions:

9 / 371

The company engaged in the setting up of infrastructural projects may issue preference shares for a period not exceeding _____ days.

10 / 371

The right attached to share of any class may be varied with the unspent in writing of the holder of not less than ______ of the shares or by means of a _________ passed by the holders of that class.

11 / 371

Certificate of the share of the Company is signed by:

12 / 371

Every company other than a banking company which accepts any deposits shall maintain data of each depositor.

13 / 371

Listed companies are required to have Archival Policy according to which -

14 / 371

For Singapore Companies Act, where a company has shares of only one class, the aggregate number of shares held as treasury shall not exceed -

15 / 371

The annual return in relation to one person company and small company shall be signed by whom when there is no Company Secretary?

16 / 371

A copy of the duly adopted financial statements at the AGM of the Company shall be filed with the Registrar of Companies.

17 / 371

In case of satisfaction of charge, the company shall give intimation to the Registrar of the payment or satisfaction in full of any charge within a period of ______ days from the date of such payment or satisfaction.

18 / 371

Where a company issues shares at a premium, a sum to the transferred to a ____________

19 / 371

Voting rights for 1st year of registration, in case Producer Company is formed by Producer Institution shall be -

20 / 371

Which of the following sections of Company Act, 2013 speak the definition of “share”?

21 / 371

In a private Ltd. Co. at the time of incorporation, there were 48 members. After than 1 employee joined having 15 debentures and having 2 shares. Did the company crossed the maximum limit?

22 / 371

The minimum capital of the company for which the whole time company secretary is required to be appointed as per Companies Act is _______

23 / 371

The Section 71 of the Companies Act, 2013 prohibits issue of debentures carrying:

24 / 371

Section 43 provides for ________

25 / 371

In which section of Companies Act, Board committees are formulated?

26 / 371

The company’s nationality is decided by its:

27 / 371

Which of the following cannot be a member of a company?

28 / 371

Property of Company belongs to:

29 / 371

Minimum paid-up capital of a public company is:

30 / 371

East India Company was an example of:

31 / 371

A company incorporated by the act of the parliament is:

32 / 371

Maximum number of members in case of Public company is

33 / 371

Minimum number of members in case of public company is

34 / 371

Minimum number of members in case of private company is

35 / 371

Registration of a company is ____?

36 / 371

 

Which of the following is the feature of a registered company?

37 / 371

Which new type of company was introduced in Companies Act, 2013?

38 / 371

Companies Act, 2013 consists of _____ sections?

39 / 371

 

When the Companies Act, 2013 came into force?

40 / 371

Companies Act, 1956 was substituted by:

41 / 371

In case of Non-profit making companies. Books of accounts are required to be preserved for _____ years

42 / 371

In case of companies other than Non-profit Company’s notice of general meeting should be given within ____ days.

43 / 371

In case of Non-profit companies notice of general meeting should be given within ____ days.

44 / 371

Liability under which section of 1956 Act ______ penalty may be imposed only if it is proved that the companies business has been carried on with a view to defraud the creditors.

45 / 371

Central Government permission is required in case of _____ conversion.

46 / 371

Under which section a private company can automatically be converted into public company?

47 / 371

Under which section a private company can be voluntarily converted into public company?

48 / 371

Which companies are exempted to add “Ltd” or “Pvt. Ltd” at the end of their name?

49 / 371

If the companies do not increase their paid up capital by 15 lakhs within 2 years such companies are known as ______

50 / 371

‘X’ is a director who has experience of 20 years. On this basis ‘Y’ company took him as a director. Can the ‘Y’ Company claim that the Director ‘X’ experience is company’s experience?

51 / 371

Generally rights and obligations of the company are regulated in

52 / 371

In the case of Company, audit is

53 / 371

XYZ Private Company had reduced to a single member and continued business more than 6 months. The company’s liability will be -

54 / 371

Generally company liability is

55 / 371

If the company fails to refund application money within 15 days from the date of issue of prospectus on non-receipt of minimum subscription who will be personally liable.

56 / 371

Maximum number of members in case of public company –

57 / 371

Maximum number of members in case of private company –

58 / 371

Minimum number of members in case of public company.

59 / 371

Which company shares can be freely transferable?

60 / 371

Property of the company belongs to __________

61 / 371

The term company is defined under which section of the Act?

62 / 371

The company needs to obtain prior permission from central Government when it changes the address of its registered office from ___________

63 / 371

Private company cannot by invitation accept deposits from persons other than its __________

64 / 371

A company is known as the ___________ company of another company if it has control over that other company.

65 / 371

A copy of the ________ must accompany each form of application for shares offered to the public.

66 / 371

A Government Company means any company in which not less than 51% of the paid-up share capital is held by –

67 / 371

_________ cannot give invitation to the public to subscribe for any shares in or debentures of the company.

68 / 371

A public company means a company which has a minimum paid up capital of Rs.________

69 / 371

A private company means a company which has a minimum paid up capital of __________

70 / 371

___________ are the company created by special act of the legislature.

71 / 371

If any person carry on business under any name of which the words “Private Limited” are the last words, unless duly incorporated as a private company with limited liability, punishable with fine which shall not be less than five hundred rupees but may extend to ______ for which that name or title has been used

72 / 371

Which class of companies shall appoint at least one woman director in the Board.

73 / 371

A company, which has been incorporated under the Act and is required to appoint at least one woman director in its Board, shall comply with such provisions _______ from the date of its incorporation

74 / 371

Anil, a director of a company, intend to avail housing loan from a bank. The bank asks to give guarantee of his company. Whether the company give guarantee

75 / 371

Which company cannot contribute any amount directly or indirectly to any political party

76 / 371

A company was incorporated one year back. Can this company may make political contribution

77 / 371

A company may make contribution to National Defence Fund, subject to

78 / 371

Whole-time key managerial personnel can hold office in ______ at the same time.

79 / 371

Whether the Central Government can amalgamate two or more companies

80 / 371

Which companies are required to have Vigil Mechanism

81 / 371

The unlisted company is required to appoint internal auditor, if ______

82 / 371

The register and indices maintained pursuant to section 88 and copies of return prepared pursuant to section 92, shall be open for inspection during business hours at such reasonable time on every working day as the board may decide. What shall be considered by the company as reasonable time?

83 / 371

If promoters of any listed company, which has formed a joint venture company with another company have pledged or hypothecated or created charge or lien in respect of any security of the listed company in connection with such joint venture company, the particulars of such pledge, hypothecation, charge and lien shall be entered in the register members of the listed company

84 / 371

What is punishment for the company and its officers, if any defaults is made in compliance with any of the provisions of Companies (Management and Administration) Rules, 2014.

85 / 371

Who is the concerned person to be held responsible for maintenance of security of electronic records of any Company

86 / 371

All the Companies have a bounden duty to create a charge and register the same with the ROC within ______ days.

87 / 371

A Company is duty fraud to create and change on following assets

88 / 371

For reservation of Name of a Company, which form has to be used.

89 / 371

One Person Company (OPC) can be converted into a public Company

90 / 371

Amongst the following categories of persons, who are eligible to incorporate a One Person Company?

91 / 371

Can a minor became_____ in OPC (One Person Company)

92 / 371

Who is authorised to be a signatory for the purpose of authentication for any Company or contracts to be executed for and on behalf of any Company

93 / 371

Services of a document on a Company can be treated as proper by sending the same to

94 / 371

No attempt to convert a public Company to a private Company shall not be unless it is approved by

95 / 371

Each and every Company shall have to get printed on its letters head of business correspondences

96 / 371

Registered office of a company can be shifted from one place to another place in a jurisdiction of the same Registrar by passing

97 / 371

Where company has changed its name or names during the last _______, it shall paint or affix or print, as the case may be, along with its name, the former name or names so change during the last two years.

98 / 371

No company shall change the place of its _______ from the jurisdiction of one Registrar to the jurisdiction of another Registrar within the same state unless such change is confirmed by the Regional Director.

99 / 371

Which of the following is not correct?

100 / 371

Every company shall paint or affix its _______, and keep the same painted or affixed on the outside of every office or place in which its business is carried on.

101 / 371

In the case of a public Ltd Company, the name shall have the last word “limited” except in the case of

102 / 371

A public Company may be

103 / 371

What includes public offer?

Public offer includes

104 / 371

There is no bar for a public company to issue securities

105 / 371

The head of the Board of Directors, by whatever designation may hold (Chairman, Chair person or CEO) should have the leadership qualifies with

106 / 371

ERM stands for?

107 / 371

From the following, which one is not an objective of risk management?

108 / 371

At least ____ days notice is required to call a general meeting of a Company.

109 / 371

The central Govt. can order for investigation either by a Director of a Company or SFIO (Serious fraud Investigation Officer) in the following case

110 / 371

Can a person incorporate one person co?

111 / 371

Can there be a one person co?

112 / 371

In a case Pvt ltd co. the minimum number of members should be two and in case of a public ltd co the minimum number of members should be seven. In both the cases where the minimum number is reduced from the minimum, will the Co exist?

113 / 371

When all the seven members of a Pvt Ltd .Co. died in a plane crash will the Pvt. Ltd Co. Still exist?

114 / 371

Is a company identical with a L.L.P. (Limited liability partnership)

115 / 371

Characteristics of a company are

116 / 371

A company is an association of

117 / 371

The company’s nationality is decided by its

118 / 371

Maximum no. of persons in case of partnership banking business is______

119 / 371

East India Company is an example of

120 / 371

Certificate of commencement of business is not required by

121 / 371

A private Limited company commences business

122 / 371

A company is said to have been registered when?

123 / 371

Legal position of a promoter of a company is

124 / 371

In which of the following conditions, a company will be reckoned a foreign company?

125 / 371

Converting a public company into a private company requires a special resolution

126 / 371

Property of the company belongs to

127 / 371

The minimum and maximum number of members in a private company are

128 / 371

The minimum number of members required to form a ‘public Company’ is

129 / 371

A registered company is the company which is incorporated

130 / 371

The word ‘Limited’ can be dropped from a company’s name only when

131 / 371

A company comes into legal existence as a person on

132 / 371

Which of the following is a joint stock company as per the companies Act, 1956?

133 / 371

Which of the following is not true

134 / 371

A company which has not commenced operation or which is not in operation or has no assets to dive is called______company.

135 / 371

A change in the registered office of the company from one state to another can be effected by

136 / 371

Change of registered office of a company from one place to another in the same city requires.

137 / 371

Name of a company can be changed by

138 / 371

A company can change its name by passing________resolution.

139 / 371

Statutory meeting is not to be held if a new company is a

140 / 371

_________is entitled to the management of the whole or substantially the whole of the affairs of the company.

141 / 371

The Doctrine of indoor management provides protection to

142 / 371

Notice of the registered office of the company shall be given to the registrar of companies within_______

143 / 371

A promoter of a company stands in the position of _________to future allottee of shares.

144 / 371

Which of the following is the feature of a registered company?

145 / 371

The statutory meeting is required to be held by _________companies

146 / 371

A special resolution must be filed with the registrar for registration within ____days.

147 / 371

The minimum number of members that must be present at a valid meeting is called_________

148 / 371

Not less than _________ Days notice for a general meeting of a company must be given

149 / 371

Acts done by a company ‘beyond its powers’ are termed:

150 / 371

Under the Registered office clause, a company has to give the name of the:

151 / 371

A company cannot be treated as a citizen, yet it has its:

152 / 371

A company is incorporated in India, but all its members are the Americans. Such company is:

153 / 371

Company has_________succession.

154 / 371

A company formed for the promotion of commerce, art, science. Religion, charity etc. may not use the word limited at the end of its name, even if it is a limited company.

155 / 371

A Government Company is one in which 51% or more of the paid up share capital is held by

156 / 371

A and B were the only members of a company who died in a road accident. In this case, the company comes to end on the death of A and B.

157 / 371

Which of the following is not the characteristic of a public company?

158 / 371

Duration of interval between one general meeting and another general meeting should not be more than ____________

159 / 371

If direction to change the name of the company is given by the Central Government, the Company must change its name within ______________

160 / 371

Private Company restricts the number of its members up to _________

161 / 371

Company registered under Company Law is _________

162 / 371

Registered address of the company can be reported to registrar maximum within ____________ days.

163 / 371

_____________ Company can be classified on based control company.

164 / 371

One of the feature of Company as _____________

165 / 371

Company Law disputes are referred to_____________

166 / 371

Company is recognized by ______________

167 / 371

Stamp duty on registration of the company is payable based on____________ capital.

168 / 371

Accepting of deposits from public in case of private company is

169 / 371

In case of Non -Profit making Companies books of accounts are required to be preserved for _____ years

170 / 371

A company is named as govt. company if it is holds_________ % of paid up share capital

171 / 371

Can the partners enter into the contract with the firm?

172 / 371

Central Government permission is required in case of_____ conversion____

173 / 371

Can private company accept deposits from the public?

174 / 371

Members of a company can enter contract with the company

175 / 371

Can a company sign on behalf of a person in memorandum and articles

176 / 371

Can private company go for public issue?

177 / 371

Generally Company liability is

178 / 371

In case of a company going for public issue premium can be declared by BOD.

179 / 371

The liability of members if company is limited by shares

180 / 371

Minimum number of members in case of public company

181 / 371

The doctrine of does not apply to acts void ab initio.

182 / 371

First AGM must be held within _____from the incorporation of the company

183 / 371

If a new company get registered with a name which resembles the name of existing company then it should apply to whom?

184 / 371

Which of the following is a right of the members of a company?

185 / 371

In case of Non -Profit making Companies notice of general meeting should be given within  days

186 / 371

Which of the following is not a member of a company?

187 / 371

All monies payable by any member to the company under the memorandum or articles shall be a debt due from him to_______

188 / 371

Where the company to be formed is to be One Person Company that is to say, a ________

189 / 371

The minimum number of members that required while you are registering a private company is___

190 / 371

The minimum number of members that required while you are registering a public company is______

191 / 371

The shares or debentures or other interest of any member in a company shall be?

192 / 371

The minimum capital of the company for which the whole time company secretary is required to be appointed as per Companies Act is ________.

193 / 371

___________ is a combination of two companies to form a new company.

194 / 371

The existence of a joint stock company is interrupted by ______________.

195 / 371

When is a company said to have been registered?

196 / 371

Which of the following companies need not have their own articles of Association?

197 / 371

An act is said to be ultra vires a company when it is beyond the powers ___________.

198 / 371

The Reserve Bank of India is an example of a _____________.

199 / 371

A company is a juristic person with a perpetual succession _____________

200 / 371

When can a private company commence business ?

201 / 371

The name of a company can be changed by__________.

202 / 371

Conceive the idea of the business

203 / 371

If anybody wants to file a case against the company they should file at what place _____

204 / 371

Signature of memorandum and articles should be done by ______ number of persons in case of public company.

205 / 371

In how many days did the company have its registered office after incorporation

206 / 371

Private company can start business only after getting certificate of

207 / 371

Accepting of deposits from public in case of private company is

208 / 371

In case of Non -Profit making Companies books of accounts are required to be preserved for _____ years

209 / 371

A company is named as govt. company if it holds_________ % of paid up share capital

210 / 371

Minimum number of members in case of public company

211 / 371

Central Government permission is required in case of conversion from ____ to _______

212 / 371

Can private company accept deposits from the public?

213 / 371

Members of a company can enter contract with the company

214 / 371

Can a company sign on behalf of a person in memorandum and articles

215 / 371

Can private company go for public issue?

216 / 371

Generally a Company’s liability is

217 / 371

Liability of a member in case of a private company is

218 / 371

A company can become a members of another company if it is so authorized by______

219 / 371

The liability of members, if company is limited by guarantee.

220 / 371

Maximum number of members in case of public company is

221 / 371

Minimum number of members in case of private company is

222 / 371

In terms of the members, a private company can also be a one person company.

223 / 371

Private companies can now have a minimum paid-up capital of any amount.

224 / 371

Private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them.

225 / 371

A registered company can exercise all functions of a company incorporated under the Companies Act.

226 / 371

A one-person company has a distinct legal identity.

227 / 371

A one-person company was not was not recognised under the Companies Act, 1956.

228 / 371

A company can be the sole member of a one-person company.

229 / 371

A one-person company need not hold an annual general meeting within a year of incorporation.

230 / 371

A one-person company do not follow the principle of perpetual succession.

231 / 371

A one-person company do not have to hold annual general meetings.

232 / 371

Cannot voluntarily convert into other kinds of companies until the expiry of two years from the date of their incorporation.

233 / 371

Rules regulating the formation of one-person companies expressly restrict the conversation of OPCs. Into section 8 companies, i.e., companies that have charitable objectives.

234 / 371

Law prohibits minors from being members or nominees of OPCs.

235 / 371

A natural person cannot be a member or nominee of more than one OPC at any point in time.

236 / 371

Only natural persons who are Indian Citizens and residents are eligible to form a one-person company in India.

237 / 371

Enjoy several privileges and exemptions under the Companies Act that other kinds of companies do not possess.

238 / 371

Companies Act 2013 has not prescribed any amount as minimum paid up capital for OPCs.

239 / 371

OPCs need to have minimum one person (the member) as director. They can have a maximum of 15 directors.

240 / 371

A unique feature of one-person company that separates it from other kinds of companies is that the sole member of the company has to mention a nominee while registering the company.

241 / 371

One-person company is effectively a company that has only one shareholder as its member.

242 / 371

While in case of public companies shares are freely transferable which is provided by the law , there are some restrictions in the transferability of shares of private companies

243 / 371

Transferability of shares and limited liability are the enabling factors for the tremendous rise of companies all over the world.

244 / 371

In the case of a guarantee company, the members are liable to contribute a specified agreed sum to the assets of the company in the event of the company being wound up.

245 / 371

The mode of incorporation and dissolution of a company and the right of the members to transfer shares freely guarantee the continuity of the existence of the company quote independent of the life of the members.

246 / 371

A company can also be held liable for torts committed by its employees in the course of their employment.

247 / 371

A company can be charged with conspiracy to defraud or may be convicted of making use of false documents with intent to deceive.

248 / 371

No imprisonment of a company is possible.

249 / 371

A company may be held liable for breach of law and can be made to pay fine

250 / 371

A company can be held liable for criminal acts.

251 / 371

A company can sue for libel or slander affecting its business reputation.

252 / 371

A company has a nationality, domicile and residence.

253 / 371

The right and obligations of a company are distinct from its constituent members.

254 / 371

A company may sue and be sued by its members as well as outsiders.

255 / 371

A company can enter into contracts, open a bank account in its own name.

256 / 371

A company can hold and deal with any type of property of which it is the owner, in any way it likes.

257 / 371

A company is an autonomous body self-controlling and self-governing.

258 / 371

Company is an incorporated association of persons created by the law of the country.

259 / 371

The memorandum of a company shall state the name of the company with the last words ___ in the case of a private limited company.

260 / 371

The memorandum of a company shall state the name of the company with the last word _______ in the case of a public limited company.

261 / 371

A company may be formed for any lawful purpose by one person, where the company to be formed is to be one person Company.

262 / 371

A company may be formed for any lawful purpose by two or more persons, where the company to be formed is to be a private company.

263 / 371

A company may be formed for any purpose, lawful or unlawful, by seven or more persons where the company to be formed is to be a public company.

264 / 371

Unlimited company means a company not having any limit on the liability of its members.

265 / 371

_______ means a company which has only one person as a member.

266 / 371

Listed company means a company which has any of its securities listed on _______.

267 / 371

Holding company in relation to one or more other companies, means a company of which such companies are subsidiary companies.

268 / 371

Government Company includes a company which is a subsidiary company of a Government company.

269 / 371

Government Company means any company in which not less than fifty-one percent of the paid up share capital is held by the ______.

270 / 371

Foreign company means ________

271 / 371

______ means a company having the liability of its members limited by the memorandum to the amount if any unpaid on the shares respectively held by them.

272 / 371

______ means a company having the liability of its members limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up.

273 / 371

____ in relation to another company means a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company.

274 / 371

Public company should stare business only after getting ________.

275 / 371

Private company can start its business immediately after the issue of _________.

276 / 371

________ is the conclusive evidence in case of company that statutory requirements have complied with.

277 / 371

Invitation to public offering shares or debentures in case of private company is _______.

278 / 371

Every Government Company may be a Public Company but every public company need not be Government Company. Do you agree with this statement?

279 / 371

Acceptance of deposits from public in case of private company is ___________

280 / 371

Can private company accept deposits from the public?

281 / 371

Can private company go for public issue?

282 / 371

If a company which is formed with unlimited liability wants to convert to limited liability then it should pass ____________

283 / 371

The companies which are formed under Companies Act, 1956. They will be called as _____________

284 / 371

According to which section name of the company should end with “Ltd” or “Pvt. Ltd”?

285 / 371

In case of non-profit making companies, books of accounts are required to be preserved for ____ years.

286 / 371

In case of companies other than non-profit making companies, notice of general meeting should be given within _____ days.

287 / 371

In case of non-profit making companies, notice of general meeting should be given within ________ days.

288 / 371

_______% of shares should be held by a company in another company so as to become subsidiary.

289 / 371

Central Government permission is required in case of ________ conversion _________

290 / 371

Under which section a private company can automatically converted into a public company.

291 / 371

Under which section a private company can be voluntarily converted into public company.

292 / 371

Members of a company can enter into contract with other company.

293 / 371

In the case of company, audit is _________

294 / 371

Company will have fundamental rights.

295 / 371

Section 43 of the Companies Act, 2013 pertaining to kinds of share capital is not applicable to ______company.

296 / 371

As per the Companies (Amendment) Act 2015, the companies _______ mandatorily required to have common seal.

 

 

297 / 371

In case of change of name of an existing company, an approval name is valid for a period of _______ days from the date of approval.

298 / 371

In case name is being reserved for a new company an approved name is valid for a period of _____ days from the date of approval.

299 / 371

The minimum paid up capital at the time of registration of a One Person Company shall be_______.

300 / 371

Statement 1- A natural person shall not be member of more than three OPC at any point of time.

Statement 2- He shall not be a nominee of more than an OPC.

301 / 371

Find correct legal principle from following statements.

302 / 371

Assertion (A) The doctrine of indoor management seeks to protect th Company against the outsider.

Reason (R): The Company has right to privacy –

303 / 371

Assertion (A) Every public Company shall have at least three and every private Company at least two Directors. Reason (R) Directors are trustees for the Company and not for individual shareholders.

304 / 371

RBI is the example of __________ Company.

305 / 371

The common seal of the Company should have _______

306 / 371

An act which is ultra vires to a Company is ________

307 / 371

________ is a process or set of systems and processes to ensure that a Company is managed to suit the best interests of all those who are interested in the well being of the Company.

308 / 371

In case of a Company limited by guarantee, the liability of the members can be enforced _________

309 / 371

The auditor of Government Company is appointed by the ________ of India.

310 / 371

Statutory Companies are also known as __________

311 / 371

_______ acts as the official signature of the Company.

312 / 371

A company may change its name by passing __________ with the approval of central Government.

313 / 371

When the Company controls the management of another Company, the former is called a ________ Company.

314 / 371

A printed copy of the articles as altered shall be filed by the Company with the Registrar within _______ of order of approval from central.

315 / 371

____________ refers to a voluntary association of individuals limited for the purpose of obtaining a particular social or economical goal.

316 / 371

If the articles of a Company conflicts with the memorandum then ___________

317 / 371

The common seal of the Company is the _________

318 / 371

Companies limited by __________ are not formed for the purpose of profit but for the promotion of art, science, culture, charity, sports, commerce etc.

319 / 371

___________ Company may be Companies limited by shares Companies limited by guarantee unlimited Companies.

320 / 371

Statutory Companies are those incorporated under a special act passed by _________

321 / 371

__________ Company are those which are incorporated by a Royal Charter.

322 / 371

Accounts of a Company must be audited by an ___________

323 / 371

A Company is a creation of __________

324 / 371

A Company is a ________ person

325 / 371

A Company is a ______ of a persons who have come together for a common object which is jointly to earn profit.

326 / 371

________ is a legal person which capable of perpetual succession and common seal.

327 / 371

________ is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.

328 / 371

As per the Act, a Company may engage in any unlawful act or activity for the time being in force.

329 / 371

A private Company must amend its article by passing a special resolution to convert into public company.

330 / 371

A public Company can be converted into private company by passing a special resolution.

331 / 371

A company can become a member of another company.

332 / 371

A Company is a legal person. Therefore, it acquires citizenship.

333 / 371

A company can also be a member of another Company.

334 / 371

In case of a private Company there is no restriction to transfer of shares.

335 / 371

A member of a Company must be a shareholder of the company.

336 / 371

A company is known as the _________ company of another company if it has control over that other company.

337 / 371

If the company can make arrangements for raising the capital privately so that public appeal is unnecessary, the company is required to prepare a _________

338 / 371

A Government company means any company in which not less than 51% of the paid-up share capital is held by ________

339 / 371

__________ cannot give invitation to the public to subscribe for any shares in or debentures of the company.

340 / 371

________ are the company created by special act of the legislature.

341 / 371

When the registered office of a company is changed within a city then it has to be intimated to the registrar within _______ days of such change.

342 / 371

A _________ is a combination of two companies to form a new company.

343 / 371

When is a company said to have been registered?

344 / 371

A secretary should have sound knowledge of ____________

345 / 371

The reserve bank of India is the example of a ________

346 / 371

A company is a juristic person with a perpetual succession ________

347 / 371

An association of 30 persons not registered under the Companies Act but carrying on a business is a/an __________

348 / 371

When can a private company commence business?

349 / 371

The _____ constitute the top administrative organ of the company

350 / 371

The ______ defines a company’s relations with the outside world.

351 / 371

The name of a company can be changed by __________

352 / 371

Property of the company belongs to ________

353 / 371

Company is managed by _________

354 / 371

Which of the following statement is not true?

355 / 371

The ________ of a Government company is appointed or reappointed by the Comptroller and Auditor General of India.

356 / 371

A subsidiary of a Government company is also treated as a ________

357 / 371

Which of the following companies are register able under the Companies Act, 2013?

358 / 371

If ABC is the holding company of XYZ Ltd., then which of the following statement is not true in this regard.

359 / 371

The companies which are formed under a special enactment are called as ________

360 / 371

The companies which are formed under Special Charter granted by the ‘Kind’ or the ‘Queen’ of England are called _________

361 / 371

Can a private company accept deposits from the public?

362 / 371

Can a private company go for public issue?

363 / 371

A ______ is one who performs the preliminary duties necessary to bring a company into being and float it.

364 / 371

Private company should start its business only after the getting certificate of _______

 

 

 

 

365 / 371

Public company should start its business only after the getting of _______

366 / 371

Private company can start its business immediately after the issue of _______

367 / 371

_______ is the conclusive evidence in case of company that statutory requirements have been complied with.

368 / 371

A company is named as Government company if it holds ______ of paid up share capital

369 / 371

In the case where a floating charge is treated as invalid, interest @ ____% shall be paid by the company

370 / 371

Benefits of Multi-Disciplinary Firm are -

371 / 371

A company prefers to raise more debt capital rather than equity:

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