Business Law

351. On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:

1. 200
2. 50
3. 150
4. 0

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352. Doctrine of Ultra virus has reference to ______________ clause

1. Object
2. Subscription
3. Liability
4. None of these.

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353. ______________ are subordinate to and controlled by the memorandum.

1. Articles of Association
2. Prospectus
3. Statement in law
4. All of the above.

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354. The idea of carrying on a business is conceived by a person by a group of persons called ______________

1. Exploits
2. Promoters
3. Directors
4. None of these

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355. The company shall give notice of alteration to the Register within ______________ of passing the resolution

1. 3 months
2. 6 months
3. 30 days
4. 60 days

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356. The association that are not registered under sec. II of the companies act is ______________

1. Incorporated Association
2. Illegal Association
3. ]Non Licensed Association
4. Unregistered Association

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357. Statutory companies are also known as ______________

1. State legislative
2. Govt. Company
3. Corporation
4. None of the above

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358. ______________ is the construction of a company

1. Promotion
2. Certificate of incorporation
3. Memorandum
4. Documents

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359. A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ______________

1. Company formation
2. Certificate of incorporation
3. Provisional contracts
4. Certificate of commence business

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360. ______________ is subordinate to and controlled by the memorandum of association

1. Prospectus
2. Statement in lieu
3. Articles of association
4. None of the above

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