Introduction to Companies – Test 1

Section 2 (20) provides for the definition of______________

Section 2 (20) provides that a company means a company incorporated under this Act, or under
any___________

In the famous case Lee v/s Lee farming Mr. Lee was appointed as ___________

Salmon & Company Ltd. was ___________

In case of Company Limited by Guarantee, the liability of subscriber to MOA arises in the event
of___________

Member may come & member may go but company continues forever. This Principal is
called____________

Sec___ of company Act 2013 provides that shares are_______ property

The official signatures of the company are called ___________

A company is____________ association for profit

In the case of State Trading Corporation v/s Commercial Tax Officer the status of the Company as
___________ has been interpreted

Residential status of company is to be determined for the purpose of_________

The term body corporate has been defined under___________

Body Corporate can also be termed as_____________

Body Corporate __________ Company incorporate outside India

Sec 2(11) specifically excludes _____________ from the definition of body corporate.

Which of the following statement is false?

Rule 10 of Companies (Miscellaneous) Rules, 2014 states that Illegal Association is a partnership consisting of more than _______ persons.

The limit of 50 persons u/s 464 read with rule is not applicable to______
(i) HUF
(ii) Association of CA
(iii) Association of CS
(iv) Association of Cost Accountants

Members of illegal association shall be liable to fine extended to Rs _____

The offence under sec 464 is

Offence u/s 464 is compounded by___________

When the law disregards the corporate entity and instead pay regards to the individual member behind the legal façade, it is Constructive Notice__________

When the law disregards the corporate entity and instead pay regards to the individual member behind the legal façade, it is known as__________

Property of the company belongs to ____

The term company is defined under which section of the Companies Act, 2013?

Minimum number of partners required under Partnership Firm?

Partnership firm is seperate legal entity from its partners. True or False?

Registration of Partnership Firm is optional. True or False?

Minimum number of members in case of Public Company?

Minimum number of members in case of Private Company?