Multiple choice

Directions: Choose the correct option for the given question:

Match List-I with List-II and select the correct answer using the code given below the lists. List-I (Type of Company) (a) Statutory company (b) Registered company (c) Company limited by shares (d) Company limited by guarantee List-II (Feature)

  1. Member's liability is limited to the face value of shares
  2. Regulated by the provisions of the Companies Act
  3. Generally formed for promotion of culture, art, science, religion etc.
  4. Formed under Special Act

  1. (a)4 (b)1 (c)2 (d)3

  2. (a)3 (b)2 (c)1 (d)4

  3. (a)3 (b)1 (c)2 (d)4

  4. (a)4 (b)2 (c)1 (d)3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statutory companies are formed under Special Acts (feature 4). Registered companies are regulated by Companies Act provisions (feature 2). Companies limited by shares have member liability limited to share face value (feature 1). Companies limited by guarantee are typically formed for promoting culture, art, science, or religion (feature 3). The correct matching is D.

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