Tag: company

Quizzes (10) Questions (165)

Questions Related to company

Multiple choice memorandum of understanding and articles of association company business studies

A company can change its name, by passing _________.

  1. ordinary resolution

  2. special resolution

  3. board resolution

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Changing a company's name requires an amendment to the Memorandum of Association, which must be approved by the shareholders through a special resolution.

Multiple choice memorandum of understanding and articles of association company business studies

Which is NOT a feature of an incorporated company?

  1. Transferability of shares

  2. Limited liability

  3. Common seal

  4. It is an agent
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An incorporated company is a separate legal entity. It acts through its directors and agents, but it is not an agent of its shareholders; the company itself is the principal.

Multiple choice memorandum of understanding and articles of association company business studies

The persons who are in charge of the management of affairs of a company are termed as directors. They are collectively known as ________.

  1. shareholders

  2. employees

  3. board of directors

  4. either a or b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Section 2(10) of the Companies Act, 2013 defined that Board of Directors or Board, in relation to a company, means the collective body of the directors of the company.

Multiple choice memorandum of understanding and articles of association company business studies

What is full form of CSR?

  1. Corporate social responsibility

  2. Company sales revenue

  3. Company social responsibility

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

CSR stands for Corporate Social Responsibility, which refers to a company's initiatives to assess and take responsibility for its effects on environmental and social wellbeing.

Multiple choice memorandum of understanding and articles of association company business studies

Which of the following cases clearly established that 2 company has a separate legal entity?

  1. Salomon v Salomon and Co. Ltd.

  2. Sultan and Co. Ltd. v Sultan

  3. Connors Bros v Connors

  4. FOSS V Harbottle
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The landmark case Salomon v Salomon and Co. Ltd. established the principle of separate legal entity, confirming that a company is distinct from its members.

Multiple choice memorandum of understanding and articles of association company business studies

A company has to file annual return for 31st March, 2015 which form it will fill?

  1. MGT-7 as per Companies Act, 2013

  2. MGT- 7 as per Companies Act, 1956

  3. Form 23 as per Companies Act, 1956

  4. Form 23 as per Companies Act, 2013
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the Companies Act, 2013, the annual return is filed in Form MGT-7.