Tag: introduction to public sector organisations

Quizzes (0) Questions (159)

Questions Related to introduction to public sector organisations

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

A co. was incorporated outside India before April 1, 1956 and is still having its business in India. It is a ______________________.

  1. foreign company

  2. indian company

  3. government Co

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

A company incorporated outside India that establishes a place of business within India is defined as a foreign company.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

The companies which are formed under Companies Act. 1956 they will be called as _________________.

  1. Chartered companies

  2. Statutory companies

  3. Registered companies

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A Company which is formed and registered under the Companies Act, 2013, including the companies which are earlier registered under any of the previous companies act, are called as the Incorporated or Registered Company.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Can a company keep more than 21 days notice as the minimum requirements for calling AGM?

  1. Yes

  2. No

  3. It has to be legal

  4. Both a & c
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The 21 days notice is the statutory minimum requirement. A company is free to provide a longer notice period if its articles allow or if it chooses to do so.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

For public company is should start business only after getting certificate of _______________.

  1. Incorporation

  2. Certificate of Commencement of business

  3. Both

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Certificate of incorporation is a legal document required at the time of company formation. It is said to be a license to form a company, issued by the state government or, in some jurisdictions, by non-governmental entity. A public limited company having share capital, can not start its business unless it obtains the certificate of commencement of business from the Registrar of Companies. So a public company required both the certificates to start it's business.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

It is required that Public Ltd. Co. should hold the statutory meeting just after getting certificate of commencement.

  1. No, can hold after 6 months.

  2. Yes

  3. No, can hold within 6 months

  4. No
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A statutory meeting is the first meeting of the shareholders of a public limited company which is held only once in the life-time of the company.  All the companies, those are required to hold Statutory Meeting shall hold its Statutory Meeting within a period of not less than 1 month nor more than 6 months from the date at which the company is entitled to commence business.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Private company can allot shares without receiving minimum subscription

  1. Yes

  2. No

  3. Unknown

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

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

A company limited by guarantee means_________________.

  1. To the extent of guarantee given

  2. Unpaid Value of shares

  3. Unlimited

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

In a company limited by guarantee, the liability of members is limited to the amount they have undertaken to contribute to the assets of the company in the event of its winding up.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

A company is exempted to add Ltd or Pvt Ltd at the end of their name it is a ______________.

  1. Private Company

  2. Govt. Company

  3. Defunct Company

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

The name of the company is the indicator of its legal status. When you're starting a small business, deciding its legal structure is one of the first steps. Legal structure is usually determined by the business type, the number of owners or investors it has, and how tax and liability issues are best managed. You'll likely use an abbreviation, such as Inc., Ltd., Co., or LLC, after your business's name to indicate its structure. 

Company, which is registered under section 8 of the companies act,  2013 (earlier section 25 of the companies act, 1956), can take the exemption of omitting the word ‘limited’ or ‘private limited’ in their name.  
A Company which is listed in any stock exchange doesn’t have to additionally add any words in its name extra.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Minimum no of members to be present for a Public Ltd. company meeting is ___________.

  1. 5

  2. 2

  3. 7

  4. 3
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In case of a public company five members should be personally present if the number of members as on the date of meeting is not more than one thousand. 

If the quorum is not present within half-an-hour from the time appointed for holding a meeting of the company, the meeting shall stand adjourned to the same day in the next week at the same time and place, or to such other date and such other time and place as the Board may determine; or the meeting, if called by requisitionists under section 100, shall stand cancelled. 

If at the adjourned meeting also, a quorum is not present within half-an-hour from the time appointed for holding meeting, the members present shall be the quorum.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

S Ltd. had 9,000 8% preference tires of Rs 100 each, fully paid up. The company decided to redeem these preference shares at par by the issue of sufficient number of equity shares. How much equity shares are required to be issued if new equity shares are to be issued at Rs 12 for a premium including Rs 2 ______________.

  1. 90,000

  2. 1,00,000

  3. 5,000

  4. 93,333
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Redemption amount = 9,000 shares × Rs 100 = Rs 900,000. When equity shares are issued at Rs 12 each (Rs 10 face value + Rs 2 premium), the number of shares needed is 900,000 ÷ 12 = 75,000 shares. However, if the shares are issued at Rs 10 face value without premium adjustment, it would require 90,000 shares.