Elements of company law-I – Test 3

Section 2(45) of the Companies Act,2013 defines a ”Government company ” as any company in which not less than …. of the paid-up share capital is held by the Central Government, or by any State Government or Government, or partly by the Central Government or partly by one or more State Governments.

The auditor of Government Company is appointed reappointed by the –

A …. is a company which is incorporated in a country outside India under the law of that other country and has establish a place of business in India.

Every foreign company which establishes a place of business in India must, within ….. of the establishment of such place of business, file with the Registrar of Companies at New Delhi and also with the Registrar of Companies of the State in which such place of business is situated certain documents.

As per ……. of the Companies Act,2013,” One Person Company” means a company which has only one person as a member.

Company should be formed for –

Who conceives the idea of the business of company?

Promoter means ………

Who of the following can be promoter?
I. Individual
II. Syndicate Association
III. Company
IV. Partnership Firm
Select the correct answer from the options given below-

Function of promoter ……

A promoter of company can be described as –
A. An agent
B. A trustee
Select the correct the answer from the options given below-

A promoter can makes a secret profit.

Who stands in a fiduciary relation to the company?

Promoter can make a profit …..

The first step towards incorporation of a company is

A company is identified by the name with which it is registered and such name of the company is stands in

A company cannot be registered with the name

For ascertaining as to whether the proposed name is available for adoption, the promoters are required to make an application to the ……

As per Rule 9 of companies (Incorporation) Rules, 2014, for reservation of name, application shall be made in ……

For ascertaining as to whether the proposed name is available for adoption, promoters are required to make an application to the Registrar of Companies in From NO. INC 1 along with fee as provided in …..

In relation to OPC,”resident in India” means a person who has stayed in India for a period of not less than …… days during the immediatly preceding one calendar year

The memorandum has to be divided into ….

The second clause of the memorandum is ……

The fourth clause of the memorandum is …..

The fifth clause of the memorandum is …..