What is the maximum number of members in a private company?

Basic Concepts of Share Capital

Quiz
•
Other
•
12th Grade
•
Hard
Asif Khan
Used 1+ times
FREE Resource
110 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
50
100
200
No limit
Answer explanation
In a private company, the maximum number of members is capped at 200. This limit is set to ensure manageable governance and compliance, distinguishing private companies from public ones, which have no such limit.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Share capital which is actually issued by a company out of its authorized capital is called:
Issued capital
Subscribed capital
Called up capital
Paid-up capital
Answer explanation
Issued capital refers to the portion of authorized capital that a company has actually issued to shareholders. It represents the shares that have been made available for purchase, distinguishing it from other types of capital.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The maximum limit of capital that a company can raise during its lifetime is called:
Authorized capital
Issued capital
Subscribed capital
Paid-up capital
Answer explanation
Authorized capital is the maximum amount of capital a company can raise during its lifetime, as specified in its charter. It represents the limit set by the company for issuing shares.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The part of authorized capital which is offered to the public for subscription is known as:
Issued capital
Reserved capital
Subscribed capital
Called-up capital
Answer explanation
Issued capital refers to the portion of authorized capital that a company offers to the public for subscription. It represents the shares that have been issued to shareholders, making it the correct choice.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The portion of the called-up capital which is actually paid by the shareholders is called:
Authorized capital
Called-up capital
Uncalled capital
Paid-up capital
Answer explanation
Paid-up capital refers to the portion of called-up capital that shareholders have actually paid. It represents the funds that the company has received from shareholders in exchange for shares.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The portion of share capital which can be called up only in the event of winding up is:
Reserve capital
Uncalled capital
Called-up capital
Authorized capital
Answer explanation
Reserve capital is the portion of share capital that can only be called up during winding up, distinguishing it from other types of capital like uncalled or called-up capital.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The document that contains the rules and regulations for the internal management of a company is called:
Memorandum of Association
Articles of Association
Prospectus
Certificate of Incorporation
Answer explanation
The Articles of Association outline the rules and regulations for a company's internal management, detailing the rights and responsibilities of its members and directors, making it the correct choice.
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