Tag: company

Questions Related to company

In which one of the following cases has the court applied the doctrine of lifting the veil to determine distinct personality of corporation?

memorandum of understanding and articles of association company business studies

  1. Salomon vs. Salomon

  2. Johnson vs. Kenedy

  3. Moors vs. Burke

  4. Young vs. Hichens

Show answer
Correct Option: A

Match the pairs.

List I List II
(i) ictus reus (1) the grounds of decision
(ii) obiter dictum (2) A guilty mind
(iii) ratio decidendi (3) Guilty act
(iv) mens rea  (4) An opinion of law not necessary to the decision
(5) Signifies a right to be heard
memorandum of understanding and articles of association company business studies

  1. (i)-2, (ii)- 5, (iii)- 1, (iv) - 3

  2. (i)-3, (ii)- 1, (iii)- 4, (iv) - 2

  3. (i)-3, (ii)- 4, (iii)- 1, (iv) - 2

  4. (i)-4, (ii)- 5, (iii)- 2, (iv) - 3

Show answer
Correct Option: C

Sub rosa means _______

memorandum of understanding and articles of association company business studies

  1. done publically

  2. confidentially

  3. done in secret

  4. (B) or (C)

Show answer
Correct Option: D

Section 3(1) of Companies Act, 2013 defines the term _________.

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. director

  2. OPC

  3. dormant company

  4. small company

Show answer
Correct Option: B

As per Companies Act, 2013 a dormant company is ___________.

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. company registered for further product

  2. inactive company

  3. no significant accounting transactions

  4. all of the above

Show answer
Correct Option: D

Small company is _________.

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. public company

  2. other than a Public company

  3. holding company

  4. company registered under section 8

Show answer
Correct Option: B

Section 2(62) of the companies Act, 2013 has provisions related to ___________.

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. Small Company

  2. One Person Company

  3. Resident director

  4. None of the above

Show answer
Correct Option: B

A private company cannot have more than _______

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. 250 members including past and present employee members

  2. 200 members including past and present employee members

  3. 500 members excluding past and present employee members

  4. 500 members including past and present employee members

Show answer
Correct Option: B

Company has _______ succession.

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. limited

  2. perpetual

  3. not continuous

  4. longer

Show answer
Correct Option: B

A Company is having 1500 shareholders. As per Companies Act, 2013 it __________.

business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

  1. may maintain records in electronic form

  2. compulsorily maintain records in electronic form

  3. there is no provision for maintaining of records as per Company Act, 2013

  4. none of the above

Show answer
Correct Option: B