Preliminary Contracts are
  • binding on the Company
  • binding on the Company, if ratified after incorporation
  • binding on the Company, after incorporation
  • not binding on the Company
Stages in the formation of a public company are in the following order
  • Promotion, Commencement of Business, Incorporation, Capital Subscription
  • Incorporation, Capital Subscription. Commencement of Business, Promotion
  • Promotion, Incorporation, Capital Subscription, Commencement of Business
  • Capital Subscription, Promotion, Incorporation, Commencement of Business
A proposed name of Company is considered undesirable if
  • It is identical with the name of an existing company
  • It resembles closely with the name of an existing company
  • It is an emblem of Government of India, United Nations etc.
  • In case of any of the above
Minimum number of members to form a public company is
  • 5
  • 7
  • 12
  • 21
The company needs to obtain prior permision from central government when it changes the address of its registered office from
  • one city to another city
  • with in the same city
  • one state to another
  • one country to another country
A person cannot hold directorship in more than ____ public companies
  • 3
  • 10
  • 20
  • 7
Powers, rights, remuneration, qualification and duties of directors are discussed clearly in
  • Memorandum of Association
  • Articles of Association
  • Prospectus
  • none of the above
__________ means the total amount of called up capital on the shares issued and subscribed by the shareholders on capital account.
  • Called-up capital
  • subscribed capital
  • nominal capital
  • Paid-up capital
_____________ share capital has priority both in repayment of dividend as well as capital.
  • Equity
  • non preference
  • Preference
  • all of the above
Par value of shares means the __________ value of the shares
  • Actual
  • face
  • Market
  • dividend
The Prospectus must be issued to the public within ______________ days of its date
  • 30
  • 60
  • 90
  • 100
A copy of the ________________ must accompany each from of application for shares offered to the public.
  • Memorandum of association
  • Prospectus
  • Articles of association
  • None of the above
___________ cannot give invitation to the public to subscribe for any shares in or debentures of the company
  • Subsidiary company
  • Statutory Company
  • Private company
  • Registered company
A private company means a company which has a minimum paid up capital of Rs. ————-
  • 1,00,000
  • 5,00,000
  • 50,00,000
  • none of the above
The shares of a _______________ company can be freely transferable
  • Private ltd
  • Public ltd
  • Partnership
  • all of the above
“Men may come and men may go but the company exist”- this explains which characteristics of the company as per companies Act 1956
  • Separate legal entity
  • Perpetual Succession
  • Capacity to sue
  • None of the above
Which of the following clause of Memorandum of Association cannot be altered
  • Name
  • Object
  • situation
  • liability
Which of the following is not a clause of memorandum of association
  • situation
  • capital
  • subscription
  • directors
The company will be considered as separate person and different from its members from the date (when the) _____________
  • start of business
  • Apply for registration
  • receive incorporation certificate
  • mentioned in certificate
The certificate of capital will be issued by
  • Registrar of companies Act
  • Controller of companies Act.
  • Registrar of capital issues
  • controller of capital issues
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