Corporate Law

Property of the company belongs to

• Shareholders

• company

• members

• promoters

The maximum number of shareholders for public company

• 200

• 300

• 400

• Unlimited

Company can be a citizen of country?

• True

• False

• Partially true

• Partially false

In which year present Companies Act comes into force?

• 1956

• 2013

• 2018

• 2020

Minimum number of members required to form a public company are

• 2

• 5

• 7

• 3

The term perpetual succession mean

• Going to be die

• Never dies

• Member operated only

• Separate property

Shares in private company ______

• never transferable

• can be transfer with approval of other members

• Freely transferable

• Transfer by company law Board only

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

• Incorporation

• A franchise

• Liquidity

• Goodwill

DIN stands for

• Director identification number

• Directive identification Nil

• Decisive information number

• Director information numerical

The companies which are established by king and queen is known as

• Statutory companies

• Chartered companies

• Registered companies

• Government companies