Business Law 251. ______________ is a legal person which capable of perpetual succession and common seal
Company Firm Voluntary Association Partnership. View answer Correct answer: (A)
252. Minimum ______________ and maximum ______________ constitute a private limited company
2 of 10 7 of unlimited 2 of 15 2 of 50 View answer Correct answer: (D)
253. ______________ Company may be companies limited by shares companies limited guarantee, unlimited companies.
Number of members Liability of members Registered Incorporation View answer Correct answer: (B)
254. The common seal of the company is the ______________
Official signature of the company Rights of the company General view of the company None of the above. View answer Correct answer: (A)
255. ______________ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.
Illegal Association Partnership Incorporation Company View answer Correct answer: (D)
256. Corporate veil ensures ______________ of the company
Protection Legal Immunity Both A and B None of the above. View answer Correct answer: (B)
257. Sec. ______________ of the companies act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus.
60(B) 60(a) 16(B) 16(a) View answer Correct answer: (A)
258. A printed copy articles as altered shall be filed by the company with the register within ______________ of order of approval from central
3 months 6 months One month 2 month View answer Correct answer: (C)
259. A company is said to be incorporated when it is registered with registrar of the ______________ company
Licensing Government Existing Joint stock View answer Correct answer: (D)
260. Prospectus must therefore make full and honest declaration of materials facts without concealing or omitting any relevant fact. This is known as ______________
Twiquant rule Golden rule General rule Special rule View answer Correct answer: (B)