Business Law

371. Corporal property is ______________

  1. Equable
  2. Visible
  3. Tangible
  4. Flexible
Correct answer: (C)
Tangible

372. The board shall meet at least four time a year, with a maximum times gap of ______________ between any two meetings

  1. 6 months
  2. 3 months
  3. 2 months
  4. 4 months
Correct answer: (B)
3 months

373. East India Company is an example of ______________ company

  1. Chartered
  2. Statutory
  3. Registered
  4. Foreign.
Correct answer: (A)
Chartered

374. A unique feature of trade mark is its ______________

  1. Corporality
  2. Perpetual life
  3. Degeneration
  4. Industrialism
Correct answer: (B)
Perpetual life

375. The most clause in the memorandum of Association of a company is ______________

  1. Name clause
  2. Objects clause
  3. Registered Office Clause.
  4. Liability clause
Correct answer: (B)
Objects clause

376. The statement in lieu of prospectus must be filed with the Registrar at least ______________ days before any allotment of shares is made.

  1. 15
  2. 30
  3. 6
  4. 3
Correct answer: (D)
3

377. The exception to the doctrine of constructive notice is provided in ______________

  1. Lifting the corporate veil
  2. Doctrine of indoor management
  3. Doctrine of ultra virus
  4. None of these
Correct answer: (B)
Doctrine of indoor management

378. A company is the creation of ______________

  1. Common seal
  2. Law
  3. Share capital
  4. Members
Correct answer: (B)
Law

379. Minimum ______________ persons to constitute a public limited company.

  1. 7
  2. 10
  3. 2
  4. 5
Correct answer: (A)
7

380. Statutory companies are those incorporated under a special act passed by ______________

  1. Companies Act
  2. Parliament
  3. Special resolution
  4. Law
Correct answer: (B)
Parliament
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