company law

WHICH OF THE FOLLOWING ARE NOT THE CHARACTERISTIC OF A COMPANY?

• IT EXISTS ONLY UNDER THE LAW

• THE MEMBERS CANNOT BE SUED FOR THE DEBTS OF A COMPANY

• IT COMES TO AN END ON THE DEATH OF ALL ITS MEMBERS

LIMITED LIABILITY MEANS LIABILITY OF A MEMBER IS LIMITED TO THE EXTENT OF NOMINAL VALUE OF (a)   HELD BY HIM.

PERPETUAL SUCCESSION MEANS (a)  

The process of forming a company where it becomes a legal entity is known as ______.

• Incorporation

• A franchise

• Liquidity

• Goodwill

ROC stands for

• Regional office certificate

• Registrar of Companies

• Region of corpus

• Register of companies

Members of which of the following companies cannot transfer shares?

• Private company

• Public Company

• Government company

• Domestic company

The provisions of the Companies Act, 2016 are applicable to

• Private Company only

• Public Company Only

• Government Company only

• All Companies

Which of the following is a special feature of a Company?

• Artificial Person

• Separate Legal Entity

• Limited Liability

• All of them

Corporate Veil is a principle which protects the members from being personally liable for company's debts

• True

• False

When a company is formed for improper conduct or fraud...

• Corporate Veil is recognized by court

• Corporate Veil is lifted by court

• Corporate Veil does not exist