Business Law
251. ______________ is a legal person which capable of perpetual succession and common seal
- Company
- Firm
- Voluntary Association
- Partnership.
Correct answer: (A)
Company
252. Minimum ______________ and maximum ______________ constitute a private limited company
- 2 of 10
- 7 of unlimited
- 2 of 15
- 2 of 50
Correct answer: (D)
2 of 50
253. ______________ Company may be companies limited by shares companies limited guarantee, unlimited companies.
- Number of members
- Liability of members
- Registered
- Incorporation
Correct answer: (B)
Liability of members
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.
Correct answer: (A)
Official signature of the company
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
Correct answer: (D)
Company
256. Corporate veil ensures ______________ of the company
- Protection
- Legal Immunity
- Both A and B
- None of the above.
Correct answer: (B)
Legal Immunity
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)
Correct answer: (A)
60(B)
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
Correct answer: (C)
One month
259. A company is said to be incorporated when it is registered with registrar of the ______________ company
- Licensing
- Government
- Existing
- Joint stock
Correct answer: (D)
Joint stock
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
Correct answer: (B)
Golden rule
Saturday, January 8, 2022