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Class 11 Business Studies
Formation Of A Company
Quiz 2
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A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than
0%
50 Lakh
0%
1 crore
0%
10 Lakh
0%
25 Lakh
Explanation
25 Lakh
The address of the registered office of the company must be notified to the registrar within _________ days of registration, if it is not done at the time of incorporation
0%
15
0%
30
0%
60
0%
45
Explanation
30
The application for registration of a company should be presented to the _______________ of the state appointed under Companies Act 1956
0%
Controller
0%
registrar
0%
Governor
0%
registration officer
Explanation
registrar
Minimum number of members required to apply for incorporation certificate in a public ltd company is
0%
3
0%
2
0%
7
0%
50
Explanation
7
Preliminary Contracts are signed
0%
Before the incorporation
0%
After incorporation but before capital subscription
0%
After incorporation but before commencement of business
0%
After commencement of business
Explanation
Before the incorporation
A prospectus is issued by
0%
A private company
0%
A public company seeking investment from public
0%
A public enterprise
0%
A public company
Explanation
A public company seeking investment from public
Application for approval of name of a company is to be made to
0%
SEBI
0%
Registrar of Companies
0%
Government of India
0%
Government of the State in which Company is to be registered
Explanation
Registrar of Companies
Minimum number of members to form a private company is
0%
2
0%
3
0%
5
0%
7
Explanation
2
Private company prohibits any invitation or acceptance of deposits from persons other than its ___________
0%
Members
0%
directors
0%
Partners
0%
banks
Explanation
Members
A company is known as the _______company of another company if it has control over that other company.
0%
subsidiary
0%
holding
0%
controlling
0%
statutory
Explanation
holding
For example Par value is Rs10 and it is issued at Rs15 then Rs5 is the ___________ amount
0%
Profit
0%
Market value
0%
dividend
0%
premium
Explanation
premium
__________ means the total amount of called up share capital which is actually paid to the company by the members
0%
nominal capital
0%
reserve capital
0%
called up capital
0%
Paid-up capital
Explanation
Paid-up capital
The dividend payable to ___________ share holders is payable on fixed figure or percent
0%
Equity
0%
non preference
0%
Preference
0%
all of the above
Explanation
Preference
_______________ capital means the sum mentioned in the capital clause of Memorandum of Association
0%
Full capital
0%
Maximum capital
0%
share capital
0%
Nominal Capital
Explanation
Nominal Capital
If the company can make arrangements for raising the capital privately so that pubic appeal is unnecessary, the company is required to prepare a _________________
0%
Prospectus
0%
statement in lieu of Prospectus
0%
certificate of Prospectus
0%
none of the above
Explanation
statement in lieu of Prospectus
A Government Company means any company in which not less than 51% of the paid-up share capital is held by
0%
Central Government
0%
State government
0%
Both a & b
0%
Neither a nor b
Explanation
Both a & b
_________ are the company created by special act of the legislature
0%
Registered company
0%
Public Ltd Company
0%
Private ltd company
0%
Statutory company
Explanation
Statutory company
The liability of the members of the company can be limited by
0%
Share
0%
Guarantee
0%
Both a & b
0%
Neither a nor b
Explanation
Both a & b
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
0%
60
0%
45
0%
30
0%
7
Explanation
30
If a company is instructed to change its name which resembles the name of an existing company then the company can change the name by
0%
Passing a special resolution
0%
obtaining permission from central government
0%
Passing an ordinary resolution
0%
Both a & b
Explanation
Passing an ordinary resolution
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