Question 1

Doctrine of Ultra vires has reference to __________clause

Accepted Answer

A) Object 
B) Subscription 
C) Liability 
D) None of the above 
A) Object 
B) Subscription 
C) Liability 
D) None of the above A

Question 2

A public company has been defined in Sec._________

Accepted Answer

A) 3 (1) (iv) 
B) 3 (1) (i) 
C) 3 (1) (iii) 
D) 3 (1) (ii) 
A) 3 (1) (iv) 
B) 3 (1) (i) 
C) 3 (1) (iii) 
D) 3 (1) (ii) A

Question 3

The common seal of the company is the _____________

Accepted Answer

A) Official signature of the company 
B) Rights of the company 
C) General view of the company 
D) Name of the above 
A) Official signature of the company 
B) Rights of the company 
C) General view of the company 
D) Name of the above A

Question 4

Corporate veil ensures ________ to the company.

Accepted Answer

A) Protection 
B) Legal Immunity 
C) Both a and b 
D) None of the above 
A) Protection 
B) Legal Immunity 
C) Both a and b 
D) None of the above

Question 5

__________ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

Accepted Answer

A) Illegal Association 
B) Partnership 
C) Incorporation 
D) Company 
A) Illegal Association 
B) Partnership 
C) Incorporation 
D) Company

Question 6

________ company are those which are incorporated by a Royal Charter.

Accepted Answer

A) Chartered 
B) Registered 
C) Statutory 
D) None of these 
A) Chartered 
B) Registered 
C) Statutory 
D) None of these

Question 7

A ___________ is a document but invites the public to subscribe for share and debentures.

Accepted Answer

A) Memorandum 
B) Articles 
C) Prospectus 
D) Certificate 
A) Memorandum 
B) Articles 
C) Prospectus 
D) Certificate

Question 8

Shares can be freely transferable in ________

Accepted Answer

A) Public Company 
B) Private Company 
C) Registered company 
D) Government company 
A) Public Company 
B) Private Company 
C) Registered company 
D) Government company

Question 9

__________ Company may be companies limited by shares companies limited by guarantee, unlimited companies.

Accepted Answer

A) Number of member 
B) Liability of members 
C) Registered 
D) Incorporation 
A) Number of member 
B) Liability of members 
C) Registered 
D) Incorporation

Question 10

Statutory companies are those incorporated under a special act passed by __________

Accepted Answer

A) Companies Act 
B) Parliament 
C) Special resolution 
D) Law 
A) Companies Act 
B) Parliament 
C) Special resolution 
D) Law

Question 11

Sec ___________ of the companies Act deals with the meaning and provisions related to the shelf prospectus.

Accepted Answer

A) 50 
B) 4 (1) 
C) 2 (2) 
D) 60 
A) 50 
B) 4 (1) 
C) 2 (2) 
D) 60

Question 12

The _________ issues the certificate of incorporation.

Accepted Answer

A) Register 
B) Director 
C) Court 
D) All of the above 
A) Register 
B) Director 
C) Court 
D) All of the above

Question 13

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.

Accepted Answer

A) 60 (
B)  
B) 60 (
A)  
C) 16 (
B)  
D) 16 (
A)  
A) 60 (
B)  
B) 60 (
A)  
C) 16 (
B)  
D) 16 (
A)

Question 14

If the Articles of a company conflict with the memorandum.

Accepted Answer

A) The articles shall prevail 
B) The memorandum shall prevail 
C) The directors will resolve the conflict 
D) The court will resolve the conflict 
A) The articles shall prevail 
B) The memorandum shall prevail 
C) The directors will resolve the conflict 
D) The court will resolve the conflict

Question 15

The person or group of person who being a company into existence are called __________

Accepted Answer

A) A firm 
B) Incorporation 
C) Promoters 
D) Promotion 
A) A firm 
B) Incorporation 
C) Promoters 
D) Promotion

Question 16

The articles of Association and the memorandum of Association are drafted by __________

Accepted Answer

A) Auditor 
B) Director 
C) Secretary 
D) Registrar 
A) Auditor 
B) Director 
C) Secretary 
D) Registrar

Question 17

Which Doctrine seeks to protect the company from the outsiders?

Accepted Answer

A) The Doctrine of indoor Management 
B) The Doctrine of Ultravires 
C) The Doctrine of constructive notice 
D) None of the above 
A) The Doctrine of indoor Management 
B) The Doctrine of Ultravires 
C) The Doctrine of constructive notice 
D) None of the above

Question 18

Which doctrine protects the out of the outsiders from the company?

Accepted Answer

A) The Doctrine of Ultra vires 
B) The Doctrine of indoor management 
C) Both a and b 
D) None of the above 
A) The Doctrine of Ultra vires 
B) The Doctrine of indoor management 
C) Both a and b 
D) None of the above

Question 19

Private company means a company which has a minimum paid up capital of ____________

Accepted Answer

A) Rs. 2,00,000 
B) Rs. 5,00,000 
C) Rs. 1,00,000 
D) Rs. 1,00,000. 
A) Rs. 2,00,000 
B) Rs. 5,00,000 
C) Rs. 1,00,000 
D) Rs. 1,00,000.

Question 20

During which of the following circumstances can the veil be lifted by the court?

Accepted Answer

A) Where the Co acts as an agent 
B) Where a fraud is noticed 
C) When the company tries to avoid certain legal obligations. 
D) All of the above. 
A) Where the Co acts as an agent 
B) Where a fraud is noticed 
C) When the company tries to avoid certain legal obligations. 
D) All of the above.

Doctrine of Ultra vires has reference to __________clause

A public company has been defined in Sec._________

The common seal of the company is the _____________

Corporate veil ensures ________ to the company.

__________ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

________ company are those which are incorporated by a Royal Charter.

A ___________ is a document but invites the public to subscribe for share and debentures.

Shares can be freely transferable in ________

__________ Company may be companies limited by shares companies limited by guarantee, unlimited companies.

Statutory companies are those incorporated under a special act passed by __________

Sec ___________ of the companies Act deals with the meaning and provisions related to the shelf prospectus.

The _________ issues the certificate of incorporation.

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.

If the Articles of a company conflict with the memorandum.

The person or group of person who being a company into existence are called __________

The articles of Association and the memorandum of Association are drafted by __________

Which Doctrine seeks to protect the company from the outsiders?

Which doctrine protects the out of the outsiders from the company?

Private company means a company which has a minimum paid up capital of ____________

During which of the following circumstances can the veil be lifted by the court?

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Exam 9: Company Law and Incorporation

Doctrine of Ultra vires has reference to __________clause

A public company has been defined in Sec._________

The common seal of the company is the _____________

Corporate veil ensures ________ to the company.

__________ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

________ company are those which are incorporated by a Royal Charter.

A ___________ is a document but invites the public to subscribe for share and debentures.

Shares can be freely transferable in ________

__________ Company may be companies limited by shares companies limited by guarantee, unlimited companies.

Statutory companies are those incorporated under a special act passed by __________

Sec ___________ of the companies Act deals with the meaning and provisions related to the shelf prospectus.

The _________ issues the certificate of incorporation.

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.

If the Articles of a company conflict with the memorandum.

The person or group of person who being a company into existence are called __________

The articles of Association and the memorandum of Association are drafted by __________

Which Doctrine seeks to protect the company from the outsiders?

Which doctrine protects the out of the outsiders from the company?

Private company means a company which has a minimum paid up capital of ____________

During which of the following circumstances can the veil be lifted by the court?

Management Information Systems Mis and Related Topics

Information System Management and Implementation

Management Information Systems and Related Topics

Software Development and Information Systems

Information Systems and Technology Terminology and Concepts

IT Infrastructure, Database Management, and System Life Cycle: Exploring Key Concepts and Terminologies

Related to Information Systems and Decision Making

Business, Technology, and Law

Companies Act and Company Formation

Company Law and Governance FAQS

Company Registration and Management: Understanding Articles and Memorandum of Association, Directorship, and Liability

Important Facts About Company Executive Authority and Meetings of the Board of Directors

Corporate Governance and Company Management

Corporate Governance and Meeting Procedures

Filters