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In this quiz, you will find questions related to the formation of a new company, steps(stages) involved in the formation, laws involved, etc.
A company is known as the _______company of another company if it has control over that other company.
The Prospectus must be issued to the public within ______________ days of its date.
“Men may come and men may go but the company exists”- this explains which characteristics of the company as per companies Act 1956.
Separate legal entity
Perpetual Succession
Capacity to sue
None of these
___________ cannot give an invitation to the public to subscribe for any shares in or debentures of the company.
Subsidiary company
Statutory Company
Private company
Registered company
Application for approval of name of a company is to be made to______
SEBI
Registrar of Companies
Government of India
Government of the State in which Company is to be registered
The application for registration of a company should be presented to the _______________ of the state appointed under Companies Act 1956.
Controller
Registrar
Governor
Registration officer
A private company means a company which has a minimum paid up capital of Rs.______
1,00,000
5,00,000
50,00,000
None of these
Par value of shares means the __________ value of the shares.
Actual
Face
Market
Dividend
A proposed name of Company is considered undesirable if________
It is identical with the name of an existing company
It resembles closely with the name of an existing company
It is an emblem of Government of India, United Nations etc
In case of any of them
Minimum number of members to form a public company is________
5
7
12
21
The company needs to obtain prior permission from the central government when it changes the address of its registered office from___________
One city to another city
With in the same city
One state to another
One country to another country
A person cannot hold directorship in more than ____ public companies.
3
10
20
7
Powers, rights, remuneration, qualification and duties of directors are discussed clearly in_______
Memorandum of Association
Articles of Association
Prospectus
None of these
__________ means the total amount of called up capital on the shares issued and subscribed by the shareholders on the capital account.
Called-up capital
Subscribed capital
Nominal capital
Paid-up capital
