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Unit I Company Law - I
Test Description: To test the knowledge about the basic related to company.
Instructions: Answer all questions to get your test result.
1) Company and the members like board of directors and shareholders are same.
A
YES
B
NO
2) Company have common seal only to sign the contract.
A
NO
B
YES
3) Company considered as an artificial person before it is registered under the Act.
A
YES
B
NO
4) Against the company any compliant can be file by any one.
A
TRUE
B
FALSE
5) Latin word COM means
A
Join
B
Together
6) Transfer of shares is prohibited in public company
A
Not prohibited but restricted
B
No, freely transfer
7) LLP Act was passed in the year
A
2009
B
2008
8) Minimum capital for public and private company are Rs.
A
5,00,000 and 1,00,000
B
1,00,000 and 5,00,000
9) Mr. Guana and Mrs.Guana by together holds some shares in the X Private Limited. they will considered as two members.
A
YES because Mr Guana and Mrs. Guana are there
B
No, because they hold the shares together so they will considered as a single person
10) Public company shares can be subscribed by any foreigners.
A
YES, because international level funds can be procured for capital formation
B
NO, be within our country only shares can be subscribed.
*select an answer for all questions
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