Home › Quizzes › Company Law - 2

Company Law - 2

Covers Company Law fundamentals including share transfers, corporate structure, directors, liability, and company classification.

15 Questions Published
Play Quiz Practise this topic out loud

Questions

Question 1 Multiple Choice (Single Answer)

If a company was incorporated before 1984, then it is a/an

  1. holding company
  2. subsidiary company
  3. existing company
  4. associated company
  5. None of these
Question 2 Multiple Choice (Single Answer)

A company limited by shares means a company having the liability of its members

  1. limited to the amount, if any, unpaid on the shares respectively held by them
  2. unlimited to the amount, if any, unpaid on shares respectively held by them
  3. as specific liability
  4. No such liability is there
  5. None of these
Question 3 Multiple Choice (Single Answer)

Debentures are

  1. debt securities
  2. equity securities
  3. Both (1) and (2)
  4. None of these
Question 4 Multiple Choice (Single Answer)

Any person occupying the position of a director is

  1. not director
  2. director
  3. chief executive
  4. officer
  5. None of above
Question 5 Multiple Choice (Single Answer)

Transfer of shares in case of a private company is

  1. prohibited
  2. restricted
  3. freely transferable
  4. None of these
Question 6 Multiple Choice (Single Answer)

Which companies are exempted to add “Ltd” or “Pvt Ltd” at the end of their name?

  1. Private
  2. Government
  3. Defunct
  4. Associations not for profits
Question 7 Multiple Choice (Single Answer)

If a company or undertaking is subsidiary of another, then it is a/an

  1. private company
  2. public company
  3. associated company
  4. holding company
  5. None of these
Question 8 Multiple Choice (Single Answer)

Articles of association are for

  1. external affairs of a company
  2. internal affairs of a company
  3. both (1) and (2)
  4. public company
  5. private company
Question 9 Multiple Choice (Single Answer)

For an associated company, the minimum percentage of shares which should be directly or indirectly controlled by a person is

  1. 15%
  2. 10%
  3. 20%
  4. 50%
Question 10 Multiple Choice (Single Answer)

If a person is the owner of or director in a company or undertaking or who controls shares not less then 10%, he has

  1. governing power
  2. ruling power
  3. voting power
  4. All of the above
  5. None of above
Question 11 Multiple Choice (Single Answer)

A body corporate or corporation is a company

  1. incorporated outside Pakistan
  2. inside Pakistan
  3. listed on stock exchange
  4. None of these
Question 12 Multiple Choice (Single Answer)

Chief Executive is entrusted with

  1. entire powers of management
  2. substantially, the entire powers of management
  3. Both (1) and (2)
  4. None of these
Question 13 Multiple Choice (Single Answer)

Official Gazette is a/an

  1. newspaper
  2. circular
  3. official newspaper
  4. advertisement
Question 14 Multiple Choice (Single Answer)

Books and papers of account are

  1. same
  2. different
  3. anything containing information about the company
  4. None of these
Question 15 Multiple Choice (Single Answer)

If a person has any share, script or other security which gives him a voting power/right, he becomes

  1. director
  2. chief executive
  3. member
  4. officer
← Back to Quizzes