Regulatory Framework for Companies solved mcqs 1 of 8 sets 1 A company is called an artificial person because a it does not have the shape of a normal man B it cannot be sued in the court of law c it is invisible and intangible d it exists only in contemplation of law Discussion The date of incorporation of a company may not be the date of commencement of business A private company and a public limited company not having share capital are not required to comply with any other formalities and may commence its business activities immediately after obtaining the certificate of incorporation from the concerned Registrar ofBusiness and Commerce MCQ Questions and answers with easy and logical explanations Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations Business and Commerce MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam Page2 section1
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A private limited company commences business mcq- Certificate of Commencement of Business Procedural Analysis The date of incorporation of a company may not be the date of commencement of businessA private company and a public limited company not having share capital are not required to comply with any other formalities and may commence its business activities immediately after obtaining theNotes corporate administration unit introduction to company definition company is association of many persons who contribute money or worth to common stock and IPC MCQ Chapterwise Mcq;
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Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers Pdf free download MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern We have provided Private, Public and Global Enterprises Class 11 Business Studies MCQsB debited with other business expenses in When you start a business, you must make informed decisions You must choose the appropriate form of business in which you want to participate Some examples of this include sole proprietorship, corporation, partnership, cooperative, and limited liability You will need to know one of the disadvantages of a sole trader business and one of the advantages of a
A) A business plan is often prepared by an existing company to ensure that growth is properly managed b) A business plan is usually not required when obtaining financing for a startup c) If a business plan is completed for a startup, it may help the entrepreneur avoid costly mistakes MCQ's On Indian Partnership Act , 1932 1 Under Section 2(b) of the Indian Partnership Act, 'business' Includes (a) every trade and occupation (b) every occupation and profession (c) every trade, occupation and profession (d) every trade and profession AnsC 2 State which of the statements is true? Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 7 Formation of a Company with Answers Pdf free download MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern We have provided Formation of a Company Class 11 Business Studies MCQs Questions with Answers to help students
The private company requires conversion of a public company into a _____ A an ordinary resolution B a special resolution C a special resolution and union governments approval D a special resolution and company law board approval ANSWER C 52 A private company is to become a public company if its average turnover in the previous threeCommittees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies (i e private limited companies, foreign companies and companies under Section 25 of the Companies Act, etc) shall be excluded iii A company must have a registered office from the day on which it commences business or 30th day after its incorporation_____ which ever is earlier MCQ'S QUESTION BANK IN LAW/B14_____7 8 WWWGNTMASTERMINDSCOM 24
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A) Expenditure for the business b) Cost for the business c) Gain for the business d) None of the above 37 Goods given as samples should be credited to a) Advertisement account b) Sales account c) Purchase account d) None of the above 38 Outstanding salaries are shown as a) Added to Salaries while preparing P & La/cQuestions Free Download as PDF of Company Law Questions with Answers as per exam pattern, to help you in day to day learning We provide all important questions and answers for all Exam 13 Where a company has three directors, the maximum remuneration payable to all of them is ________% of the annual net profit A 5 Certificate of Incorporation is conclusive evidence of the legal existence of the company A private company can commence its business after receiving a Certificate of Incorporation The certificate of incorporation is the birth certificate of the company Question 2 Explain the contents of Memorandum of Association Answer
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Liability of a member in case of a private company is a) Limited b) Unlimited c) Both (a) or (b) d) None of the above Maximum no of persons in case of partnership banking business __ a) 10 b) c) 30 d) 5 Minimum paid up share capital in case of a private company is ___ a) 1 Lakh b) 2 Lakhs c) 3 Lakhs d) 4 LakhsQuestion 105 ____ is the conclusive evidence in case of company that statutory requirements have complied with A Certificate of commencement of Business B Certificate of Incorporation Question 106 ___ is a charge created on a class of assets related to ordinary course of business ALegal Aspects of Business MCQ Questions and Answers Part – 1 Legal Aspects of Business MCQ Questions and Answers Part – 2 Legal Aspects of Business MCQ Questions and Answers Part – 3 101 The agreement made with an alien enemy is A valid B voidable C unlawful D difficult ANSWER C 102 consideration is — A need
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Description This mock test of Test Companies Act 2 for CA Foundation helps you for every CA Foundation entrance exam This contains Multiple Choice Questions for CA Foundation Test Companies Act 2 (mcq) to study with solutions a complete question bank The solved questions answers in this Test Companies Act 2 quiz give you a good mix of easy questions and toughGkseries provide you the detailed solutions on Company Law as per exam pattern, to help you in day to day learning We provide all important questions and answers from chapter Company Law These quiz objective questions are helpful for competitive exams Page4(a) Fifty (b) Seven (c) Twenty (d) Two hundred Answer D 2 If XYZ is the holding company of P&R Ltd then, which of the following statement is not true in this regard
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Practicing these Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers really effective to improve your basics and learn all the key concepts Private, Public and Global Enterprises Class 11 MCQs Questions with Answers Objective Type Questions Question 1(a) Partner is an agent of theBusiness and Commerce MCQ Questions and answers with easy and logical explanations Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations Business and Commerce MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam Page4 section1
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From a shareholder's point of view, the purchase of shares in a Pty Ltd company may be an attractive option because A The investor has limited liability B The company has limited liability C Both the investor and the company have limited liability D The shares can be freely traded on a stock market 3 You could test your understanding of the topic with the help of the following multiple choice questions 1) The minimum capital that a private limited company needs to commence business is a) 5 lacs b) 4 lacs c) 1 lac d) 10 lacs 2) The act of contravening the object clause is called as a) Intra vires actSample/practice exam 12 November 17, questions Forming a public company at least 7 persons and for forming a private company at least 2 persons are
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National Insurance Company Ltd New India Assurance Company Ltd Oriental Insurance Company Ltd United India Insurance Company Ltd Note The General Insurance Corporation of India was incorporated as a company in 1971 and it commences business on January 1st, 1973 GIC Re South Africa is the subsidiary company of the GICIn this article you can find Multiple Choice Questions on Companies Act with answers We have also given the answers for the Multiple Choice Questions MCQ on Companies Act 1956 These MCQ's on Company Law will be useful for UG & PG students like MBA, BBA, BCOM, BCS, ACS and other coursesThis can also be consider for MCQ's for LABA private company can commence business after incorporation Experts who help promoters in the promotion of a company are also called promoters A company can ratify preliminary contracts after incorporation If a company is registered on the
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Multiple Choice Questions 1 Maximum number of members under a private company as provided under the Companies Act, 13 (a) 50 (b) 150 (c) 0 (d) No limit 2 Document that regulates the management of internal affairs of a company are(a) Memorandum of Association (b) Prospectus (c) Article of Association (d) Certificate of incorporation 3Arya Ltd commences its business immediately on getting the certificate of incorporation asked Jun 6 in Formation of a Company by Kaanti ( 313k points) class11 Company Law MCQs Part 1 – CSEET 1 Which of the following statements is not true?
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A liability is defined as a company's legal financial debts or obligations that arise during the course of business operations Q 4 The unfavorable balance of Profit and Loss account should be Solution Loss is subtracted from capital account and profit is added to capital accountPrivileges of Private Companies Generally, a private company a) May be registered and carry on business with a minimum of two members b) Need not file a prospectus or a statement in lieu of prospectus before it commences business on incorporation Company law MCQs Multiple Choice Questions and Answers (MCQS) Companies Act 13 MCQs (21 – 22) Given below are Company Law MCQs Multiple choice questions and answers updated for 21 – 22 exams These Company Law MCQS are useful for BCom, BBA, MCom, MBA, UGC – NET (NTA NET), CA – IPCC, CMA Intermediate, CS Foundation CSEET Exam
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Two Person Company Limited Liability Partnership Public Private Partnership Answer (1) One Person Company is a private company which is one formed by one person by subscribing their names or his name to a memorandum and complying with the requirements of Companies Act Q5MCQ A company which can offer its shares for subscription to the public is known as A Private company B Public limited company C Public corporation DCorporation 2 What is the authorized share capital of a limited company? As per the latest notification, certificate of commencement of business is not required for private limited company Now if my company is incorporated in Nov14 and not filled INC21 till date 180 days have already passed Now is it necessary to go to tribunal for the same Is the company require to do any procedure for commencement of business
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Freight Module 2 / Company Law 1 In contract law, the term 'consideration' means a right or benefit accruing to each party from the contract 2 The following statements relating to a public limited company are CORRECT a plc must have at least 2 directors all plcs must have their accounts externally auditedQues Accepting of deposits from public in case of private company is (a) Prohibited (b) Restricted (c) Acceptable (d) None of these Ans (a) Ques XYZ Co, is having 10% share capital held by another Public Company and 35% held by Central Government and 55% held by people then that Company is (a) Government Company (b) Private Company (cABusiness owned by president BBusiness owned by several companies CBusiness owned by one person D Business owned by a company Answer C 2 Which of the following is owned by a single person APrivate Company BPublic Company CJoint Hindu Family DSole Proprietorship Answer D 3 Sole proprietorship business can be started by A
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Company Law MCQs Part 3 – CSEET 1 What are the limits of number of members in a Private Company?(a) Multiple choice questions 2x10= (i) The power of appointing additional director can be exercised by the (A) Annual General Meeting (B) Board Meeting Statutory Meeting (D) None of the above (ii) A company has 9 Directors, on The office of 2 Directors have fallen vacant on15 A private Limited company commences business A at any time B after obtaining the certificate of incorporation C after obtaining the certificate to commence business D none of the above Answer B after obtaining the certificate of incorporation 16 Certificate of commencement of business is not required by A a public company
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A private company would need a certificate of incorporation to commence business, whereas a public limited company would need a certificate of incorporation as well as a certificate of commencement of business to start the business ItJME plc commences business and issues one million shares with a nominal value of £3 each The company allows its allottees to pay £125 on allotment and the remainder at a later date All the allottees chose to do this and all the shares are sold What is JME plc's paidup share capital?(a) A company is an artificial person created by law (b) A company can do every act like a natural person except the acts which are purely of personal nature (c) A company can be held liable for violation of the statutory provisions of the Companies Act
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