Business Law
261. ______________ Acts as the official signature of the company.
- Registration
- Special resolution
- Legal entity
- Common seal
Correct answer: (D)
Common seal
262. In case of a company limited by guarantee, the liability of the members can be enforced
- Only at the time of winding up of the company
- At any time when the company so decide
- Only by an order of court
- Only by an order of Registrar of companies
Correct answer: (A)
Only at the time of winding up of the company
263. ______________ describes the scope of company activities
- Memorandum of association
- Prospectus
- Articles of Association
- Documents
Correct answer: (A)
Memorandum of association
264. ______________ signed by the required number of persons which are necessary for the formation of company.
- Memorandum of Association
- Prospectus
- Statement in lieu
- None of the above.
Correct answer: (B)
Prospectus
265. Registered Office clause of memorandum of Association contain ______________
- The complete postal address
- The name of Registrar of companies
- The name of City/ Town only and not that of the state
- The name of the state in which registered office of the company is to situate
Correct answer: (D)
The name of the state in which registered office of the company is to situate
266. ______________ lays down the objects and powers of the company.
- Memorandum of Association
- Articles of Association
- Prospectus
- Statement in lieu
Correct answer: (A)
Memorandum of Association
267. Offers may be invited from the public by issuing a document known as ______________
- Prospectus
- Notice
- Circular
- All of the above
Correct answer: (A)
Prospectus
268. The office of a director becomes vacant if he fails to obtain his qualification shares within ______________
- 30 days
- 1 month
- 2 months
- 3 month
Correct answer: (C)
2 months
269. ______________ Member of directors need to retire every year
- 2/3
- 2
- ¼
- 1/3
Correct answer: (D)
1/3
270. Minimum number of directors in public company is ______________
- 3
- 2
- 4
- 1
Correct answer: (A)
3
Saturday, January 8, 2022