Business Law

321. The ______________ issues the certificate of incorporation

  1. Register
  2. Director
  3. Court
  4. All of the above
Correct answer: (A)
Register

322. Sec. ______________ of the companies Act deals with the meaning and provisions related to the shelf prospectus.

  1. 50
  2. 4(1)
  3. 2(2)
  4. 60
Correct answer: (D)
60

323. Sec. ______________ of the companied Act defines foreign company

  1. 4(4)
  2. 3(1)(i)
  3. 3(1)(ii)
  4. 591
Correct answer: (D)
591

324. A company may change its name by passing ______________ with the approval of central govt.

  1. Special resolution
  2. Ordinary resolution
  3. Both A & B
  4. None of the above
Correct answer: (A)
Special resolution

325. Golden rule was laid down by ______________

  1. KINDERSELY VC in new Brun Wick Co. V Marreride
  2. Edington V Fitzmaurice
  3. Treeman V Buckhcats
  4. Royal British Bank V Turquand
Correct answer: (A)
KINDERSELY VC in new Brun Wick Co. V Marreride

326. ______________ is a person who has signed company’s memorandum of association

  1. Individual
  2. Corporate body
  3. Member
  4. Legal person
Correct answer: (C)
Member

327. The privilege of limited liability was introduced in the Indian Company Law, in the year of

  1. 1850
  2. 1857
  3. 1927
  4. 1956
Correct answer: (B)
1857

328. The first important document to be filed with the Registrar is ______________

  1. Articles of Association
  2. Prospectus
  3. Memorandum of Association
  4. None of these.
Correct answer: (C)
Memorandum of Association

329. ______________ contain the rules and regulation of the company

  1. Prospectus
  2. Statement in lieu
  3. Articles of Association
  4. Memorandum of Association
Correct answer: (C)
Articles of Association

330. The capital with which the company is registered is called the ______________

  1. Subscribed Capital
  2. Nominal Capital
  3. Working Capital
  4. None of these
Correct answer: (B)
Nominal Capital
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