Business Law

251. ______________ is a legal person which capable of perpetual succession and common seal

1. Company
2. Firm
3. Voluntary Association
4. Partnership.

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252. Minimum ______________ and maximum ______________ constitute a private limited company

1. 2 of 10
2. 7 of unlimited
3. 2 of 15
4. 2 of 50

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253. ______________ Company may be companies limited by shares companies limited guarantee, unlimited companies.

1. Number of members
2. Liability of members
3. Registered
4. Incorporation

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254. The common seal of the company is the ______________

1. Official signature of the company
2. Rights of the company
3. General view of the company
4. None of the above.

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255. ______________ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

1. Illegal Association
2. Partnership
3. Incorporation
4. Company

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256. Corporate veil ensures ______________ of the company

1. Protection
2. Legal Immunity
3. Both A and B
4. None of the above.

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257. Sec. ______________ of the companies act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus.

1. 60(B)
2. 60(a)
3. 16(B)
4. 16(a)

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258. A printed copy articles as altered shall be filed by the company with the register within ______________ of order of approval from central

1. 3 months
2. 6 months
3. One month
4. 2 month

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259. A company is said to be incorporated when it is registered with registrar of the ______________ company

1. Licensing
2. Government
3. Existing
4. Joint stock

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260. Prospectus must therefore make full and honest declaration of materials facts without concealing or omitting any relevant fact. This is known as ______________

1. Twiquant rule
2. Golden rule
3. General rule
4. Special rule

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