CBSE  /  Class 11  /  Business Studies  /  Formation of a Company

  • 1. 
    The Prospectus must be issued to the public within ______________ days of its date

  • 30
  • 60
  • 90
  • 100

  • 2. 
    A copy of the ________________ must accompany each from of application for shares offered to the public.

  • Memorandum of association
  • Prospectus
  • Articles of association
  • None of the above

  • 3. 
    ___________ cannot give invitation to the public to subscribe for any shares in or debentures of the company

  • Subsidiary company
  • Statutory Company
  • Private company
  • Registered company

  • 4. 
    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 the above

  • 5. 
    The shares of a _______________ company can be freely transferable

  • Private ltd
  • Public ltd
  • Partnership
  • all of the above

  • 6. 
    “Men may come and men may go but the company exist”- this explains which characteristics of the company as per companies Act 1956

  • Separate legal entity
  • Perpetual Succession
  • Capacity to sue
  • None of the above

  • 7. 
    Which of the following clause of Memorandum of Association cannot be altered

  • Name
  • Object
  • situation
  • liability

  • 8. 
    Which of the following is not a clause of memorandum of association

  • situation
  • capital
  • subscription
  • directors

  • 9. 
    The company will be considered as separate person and different from its members from the date (when the) _____________

  • start of business
  • Apply for registration
  • receive incorporation certificate
  • mentioned in certificate

  • 10. 
    The certificate of capital will be issued by

  • Registrar of companies Act
  • Controller of companies Act.
  • Registrar of capital issues
  • controller of capital issues
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