Question 1

Minimum ------------------- and maximum --------------------- constitute a private limited company

Accepted Answer

A) 2 of 10 
B) 7 of unlimited 
C) 2 of 15 
D) 2 of 50

Question 2

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

Accepted Answer

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

Question 3

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

Accepted Answer

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

Question 4

---------------------- is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.

Accepted Answer

A) Incorporation 
B) Private company 
C) Company 
D) Public company

Question 5

----------------------- is a legal person which capable of perpetual succession and common seal

Accepted Answer

A) Company 
B) Firm 
C) Voluntary Association 
D) Partnership.

Exam 1: Understanding Company Law: Definitions, Regulations, and Operations

Minimum ------------------- and maximum --------------------- constitute a private limited company

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

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

---------------------- is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.

----------------------- is a legal person which capable of perpetual succession and common seal