Unit I Company Law - I Question Preview (ID: 56736)


To Test The Knowledge About The Basic Related To Company.

Company and the members like board of directors and shareholders are same.
a) YES
b) NO
c)
d)

Company have common seal only to sign the contract.
a) NO
b) YES
c)
d)

Company considered as an artificial person before it is registered under the Act.
a) YES
b) NO
c)
d)

Against the company any compliant can be file by any one.
a) TRUE
b) FALSE
c)
d)

Latin word COM means
a) Together
b) Join
c)
d)

Transfer of shares is prohibited in public company
a) No, freely transfer
b) Not prohibited but restricted
c)
d)

LLP Act was passed in the year
a) 2008
b) 2009
c)
d)

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
c)
d)

Mr. Guana and Mrs.Guana by together holds some shares in the X Private Limited. they will considered as two members.
a) No, because they hold the shares together so they will considered as a single person
b) YES because Mr Guana and Mrs. Guana are there
c)
d)

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.
c)
d)

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