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Company Law - Articles and Company Structure

Test your knowledge of Company Law including articles of association, memorandum of association, company meetings, and company structures

13 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Article of association is

  1. mandatory
  2. necessary
  3. optional
  4. None of these
Question 2 Multiple Choice (Single Answer)

Every shareholder is

  1. member of company
  2. not a member of company
  3. owner of company
  4. Both (2) and (3)
Question 3 Multiple Choice (Single Answer)

Which of the following documents, in case of a company, is called the charter of a company?

  1. Memorandum of Association
  2. Articles of Association
  3. Certificate of Incorporation
  4. Certificate of Commencement of Business
Question 4 Multiple Choice (Single Answer)

In a public limited company, the maximum and minimum numbers of shareholders respectively are

  1. 50 and 10
  2. unlimited and 7
  3. 100 and 2
  4. 1000 and 100
Question 5 Multiple Choice (Single Answer)

Central government permission is required in case of _____ conversion of a company.

  1. private to public
  2. public to private
  3. Both (1) and (2)
  4. None of these
Question 6 Multiple Choice (Single Answer)

Articles of association is a concept of

  1. Partnership Act
  2. Negotiable Instruments Act
  3. Companies Act
  4. Indian Penal Code
Question 7 Multiple Choice (Single Answer)

Annual general meeting of a company is to be held with a gap between two consecutive meetings of not

  1. more than twelve months
  2. more than twenty-four months
  3. more than fifteen months
  4. less than twenty-four months
Question 8 Multiple Choice (Single Answer)

A company is a government company only if

  1. all the shares of the company are held by the central or state government
  2. at least 25% of shares are held by the central or state government
  3. majority of shares are held by the central or state government or both
  4. majority of directors are appointed by the central or state government
Question 9 Multiple Choice (Single Answer)

Any person dealing with a company is deemed to have knowledge of its

  1. memorandum of association
  2. articles of association
  3. memorandum of association and articles of association
  4. prospectus
Question 10 Multiple Choice (Single Answer)

The rules and regulations for the internal management of a company are contained in its

  1. prospectus
  2. annual report
  3. memorandum of association
  4. articles of association
Question 11 Multiple Choice (Single Answer)

The articles of association establish the relationship between

  1. the company and its members
  2. the company and outsiders
  3. the company and its members and also between the members themselves
  4. the company and other companies
Question 12 Multiple Choice (Single Answer)

Mark the document that does not need to be prepared and registered with the registrar of companies in public limited companies.

  1. Statutory declaration
  2. Memorandum of association
  3. Articles of association
  4. Directors undertakings to take up and pay for qualification shares
Question 13 Multiple Choice (Single Answer)

Articles of association need not be prepared and registered with the registrar of companies in public limited companies. This statement is categorised under

  1. memorandum of association
  2. prospectus
  3. articles of association
  4. statements in lieu of prospectus
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