Business Law

391. ______________ lays down the modes in which the objects of the company are to be carried out by the members.

1. Statement in lieu
2. Prospectus
3. Memorandum of Association
4. Articles of association

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392. Articles of Association are not required to be registered in case of ______________

1. An unlimited Company
2. A company limited by guarantee
3. A public company limited by shares.
4. A private company limited by shares.

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393. The maximum remuneration paid to a manager cannot exceed ______________ percent of the annual net profit

1. 10%
2. 5%
3. 15%
4. 25%

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394. ______________ is the executive authority of the company

1. Partners
2. Shareholders
3. Board of Directors
4. Expert

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395. A managing Director can be appointed for a maximum period of ______________

1. 2 years
2. 10 years
3. 3 years
4. 5 years

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396. ______________ is the official records of the meeting of the company

1. Quorum
2. Register
3. Report
4. Minute

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397. ______________ is the resolution which is passed at validly called general meeting, by simple majority of the members.

1. Special resolution
2. Resolution by postal ballot
3. Ordinary resolution
4. Resolution requiring special notice.

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398. The company is dissolved when the tribunal passes in order of dissolution and the Tribunal shelf pass such order ______________.

1. When the affairs of the company have been completely wound up
2. Immediately after the winding up order
3. At the instance of Central government
4. At the distance of company law Board.

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399. In members voluntary winding up control of winding up in the hands of the ______________

1. Creditors
2. Members
3. Company
4. Directors

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400. Corporal refer to ______________

1. Possession
2. Ownership
3. Building
4. Computer

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