Business Law

311. The winding up in which a solvency declaration is not made is known as ______________

1. Creditors voluntary winding up
2. Members voluntary winding up
3. Compulsory winding up
4. None of the above

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312. On a winding up order being made, the co9mpany’s property comes under the custody of ______________

1. Central Government
2. Tribunal
3. Share holders
4. Liquidator

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313. The charter of a company is its ______________

1. Articles of Association
2. Prospectus
3. Memorandum of Association
4. Certificate of incorporation

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314. The doctrine of indoor management provides protection to ______________

1. The outsider
2. The Board of Directors
3. The Share holders
4. The managing directors

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315. Minutes of company meeting should e prepared with in ______________ of the meeting

1. 21 days
2. 30 days
3. 40 days
4. 45 days

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316. Official liquidators are appointed from the panel of ______________

1. Professional firm of Chartered Accountant
2. Advocate
3. Company Secretaries
4. All of the above

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317. A company is a ______________ of a person who have come together for a common object which generally is to earn profit

1. Artificial person
2. Voluntary Association
3. Incorporate Association
4. All of these.

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318. Mean any premises including precincts thereof

1. Industry
2. Factory
3. Company
4. Workmen

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319. Companies limited by ______________ are not formed for the purpose of profit but for the promotion of art, science, culture, charity, sports, commerce etc.

1. Members
2. Shares
3. Liability
4. Guarantee

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320. During which of the following circumstances can the veil be lifted by the court?

1. Where the Co acts as an agent
2. Where a fund is noticed
3. When the company tries to avoid certain legal obligation
4. All of the above.

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