Tag: company

Questions Related to company

The Companies Act, 2013 extends to -

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

  1. Whole of India

  2. Whole of India excluding State of Jammu and Kashmir

  3. Whole of India excluding State of Bihar

  4. Whole of India excluding State of Jammu

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Correct Option: A

Secretarial Audit is compulsory for _____________.

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

  1. listed company

  2. companies having, paid up capital of Rs.100 crore

  3. public company

  4. both a and b

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Correct Option: D

As per Companies Act, 2013 financial statement is ________.

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

  1. fund flow statement

  2. cash flow

  3. balance sheet

  4. profit and Loss account

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Correct Option: A

Which of the following is characteristic of a company?
(1) Limited Profit
(2) Corporate Personality
(3) Limited Succession
Select the correct answer from the options given below:

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

  1. (1) only

  2. (2) and (3) only

  3. (3) only

  4. (2) only

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Correct Option: D

Characteristic of a company ________ .

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

  1. Capacity to sue and be sued

  2. Limited liability

  3. Optional common seal

  4. All of the above

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Correct Option: D

Choose the correct answers from the following alternatives given
Which amounts to fraud:

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

  1. false representation as to fact

  2. a mere opinion

  3. a statement of expression

  4. a statement of intention

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Correct Option: A

Perpetual succession means -

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

  1. Members may go and members may go but the company goes on forever

  2. Members may come and members may come but the company goes on forever

  3. Members may come and members may go but the company goes on forever

  4. Members may come and members may go but the company cannot go on forever

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Correct Option: C

Which of the following is advantage of incorporation of company?

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

  1. Restriction on transfer of shares

  2. Unlimited liabilty

  3. Capacity not to sue

  4. Separate property

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Correct Option: D

Private company which is a subsidiary of a public company is treated as ________.

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

  1. Public Company

  2. Private Company

  3. Statutory Company

  4. Deemed Company

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Correct Option: A

As per _____ of the Companies Act, 2013 "company" means a company incorporated under Companies Act, 2013 or under any previous company law.

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

  1. Section 2(3)

  2. Section 2(20)

  3. Section 2(12)

  4. Section 2)25)

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Correct Option: B