“Men may come and men may go but the company exist”- this explains which characteristics of the company as per companies Act 1956

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Question:
“Men may come and men may go but the company exist”- this explains which characteristics of the company as per companies Act 1956

1.Separate legal entity

2.Perpetual Succession

3.Capacity to sue

4.None of the above

Posted Date:-2021-02-21 15:28:07

More MCQS Questions and answers

  1. A company is known as the _______company of another company if it has control over that other company.
  2. A copy of the ________________ must accompany each from of application for shares offered to the public.
  3. A Government Company means any company in which not less than 51% of the paid-up share capital is held by
  4. A person cannot hold directorship in more than ____ public companies
  5. A private company means a company which has a minimum paid up capital of Rs.———
  6. A private company means a company which has a minimum paid up capital of Rs.————
  7. A proposed name of Company is considered undesirable if
  8. A prospectus is issued by
  9. A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than
  10. Among the following which documents are not mandatory to be submitted to the registrar along with incorporation application by a private company.
  11. Application for approval of name of a company is to be made to
  12. “Men may come and men may go but the company exist”- this explains which characteristics of the company as per companies Act 1956
  13. For example Par value is Rs10 and it is issued at Rs15 then Rs5 is the ___________ amount
  14. If a company is instructed to change its name which resembles the name of an existing company then the company can change the name by
  15. If the company can make arrangements for raising the capital privately so that pubic appeal is unnecessary, the company is required to prepare a _________
  16. If the proposed nominal capital is more than 25 lakh at the time of incorporation then the company needs to submit __________ along with the application
  17. Preliminary Contracts are
  18. Minimum number of members required to apply for incorporation certificate in a public ltd company is
  19. Minimum number of members to form a private company is
  20. Minimum number of members to form a public company is
  21. Number of clauses in Memorandum of Association is
  22. Number of documents to be submitted, by a public ltd company, to the registrar while applying for incorporation of the company is
  23. Par value of shares means the __________ value of the shares
  24. Powers, rights, remuneration, qualification and duties of directors are discussed clearly in
  25. Preliminary Contracts are signed
  26. Private company prohibits any invitation or acceptance of deposits from persons other than its ______
  27. Section 12 of Companies Act 1956, deals with
  28. Stages in the formation of a public company are in the following order
  29. The address of the registered office of the company must be notified to the registrar within _________ days of registration, if it is not done at the time of incorporation
  30. The application for registration of a company should be presented to the registrar of the state in which the _______________ of the company is to be situated
  31. The application for registration of a company should be presented to the _______________ of the state appointed under Companies Act 1956
  32. The articles of association needs to be signed by
  33. The certificate of capital will be issued by
  34. The company needs to obtain prior permision from central government when it changes the address of its registered office from
  35. The company will be considered as separate person and different from its members from the date (when the) __________
  36. The dividend payable to ___________ share holders is payable on fixed figure or percent
  37. The liability of the members of the company can be limited by
  38. The Prospectus must be issued to the public within ______________ days of its date
  39. The shares of a _______________ company can be freely transferable
  40. When the registered office of a company is changed within a city then it has to be intimated to the registrar within ________ days of such change
  41. Which of the following clause of Memorandum of Association cannot be altered
  42. Which of the following is not a clause of memorandum of association
  43. __ means the total amount of called up share capital which is actually paid to the company by the members
  44. ___ are the company created by special act of the legislature
  45. _____ share capital has priority both in repayment of dividend as well as capital.
  46. ______ cannot give invitation to the public to subscribe for any shares in or debentures of the company
  47. ______ means the total amount of called up capital on the shares issued and subscribed by the shareholders on capital account.
  48. _________ capital means the sum mentioned in the capital clause of Memorandum of Association
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