Tag: company

Questions Related to company

A company can change its name, by passing _________.

memorandum of understanding and articles of association company business studies

  1. ordinary resolution

  2. special resolution

  3. board resolution

  4. none of the above

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Correct Option: B

Which is NOT a feature of an incorporated company?

memorandum of understanding and articles of association company business studies

  1. Transferability of shares

  2. Limited liability

  3. Common seal

  4. It is an agent

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Correct Option: D

Dividend of a company is declared in _________.

memorandum of understanding and articles of association company business studies

  1. statutory meeting

  2. extra ordinary general meeting

  3. annual general meeting

  4. none of the above

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Correct Option: C

Below mentioned are factors that have allowed small companies to act like they are big ones. Pick the right one.

memorandum of understanding and articles of association company business studies

  1. Competition

  2. Economic development

  3. Both a and b

  4. Technology

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Correct Option: C

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

memorandum of understanding and articles of association company business studies

  1. shareholders

  2. employees

  3. board of directors

  4. either a or b

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Correct Option: C
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.

What is full form of CSR?

memorandum of understanding and articles of association company business studies

  1. Corporate social responsibility

  2. Company sales revenue

  3. Company social responsibility

  4. None of the above

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Correct Option: A

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

memorandum of understanding and articles of association company business studies

  1. Salomon v Salomon and Co. Ltd.

  2. Sultan and Co. Ltd. v Sultan

  3. Connors Bros v Connors

  4. FOSS V Harbottle

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Correct Option: A

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

memorandum of understanding and articles of association company business studies

  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

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Correct Option: A

In a company maximum time difference between two board meetings is _________.

memorandum of understanding and articles of association company business studies

  1. 3 months

  2. 4 months

  3. 5 months

  4. 6 months

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Correct Option: B
Explanation:
Minimum 4 (four) meetings have to be held each year, with a gap of not more than 120 (one hundred and twenty) days between 2 (two) board meetings.

Which company gives its members a right to transfer his shares?

memorandum of understanding and articles of association company business studies

  1. Public

  2. Private

  3. Government

  4. None

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Correct Option: A
Explanation:
In the case of Public Limited Company, the shares are freely transferable but it is not so in private limited company.