Tag: elements of business

Questions Related to elements of business

Which amongst these is NOT A disadvantage of incorporating a company _____________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. separate identify

  2. formation do expensive

  3. detailed winding up procedures

  4. co operate disclosures

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Correct Option: A

For constituting a company meeting what will be true, ____________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. One person can never constitute a meeting.

  2. One person may constitute a meeting in exceptional circumstances

  3. Neither a nor b

  4. Both a and b.

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Correct Option: B

A company, when registered with limited liability under the Companies act. 1956 shall be deemed to be a company ________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. limited by shares

  2. limited by money

  3. limited by directors

  4. all of the above

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Correct Option: A

The position of a company secretary is like that of a hub in a bicycle wheel this statements shows the ___________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Importance of company secretary

  2. Rights of company secretary

  3. Duties of company secretary

  4. Liabilities of company secretary

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Correct Option: A

A new company was formed. All the directors appointed in the new company were appointed by XYZ Ltd. Thus the new company is __________ of XYZ Ltd.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Holding

  2. Subsidiary

  3. An independent company which has not established business in India.

  4. None of the above.

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Correct Option: B

Which section of Companies Act describes public company_______.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. sec. 3(1) (iii)

  2. see. 3(1) (iv)

  3. sec. 3(1) (ii)

  4. none of the above.

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Correct Option: B

Within _________ months the company formation should be done after the name approval has been received by the company.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. 3 months

  2. 3 days

  3. 3 years

  4. No limitation of time

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Correct Option: A

Salomon v. Salomon and Company proved that ____________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Company, is independent person.

  2. A person can be a member as well as creditor.

  3. Shareholder is not liable for the debt of co.

  4. All of the above.

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Correct Option: D

A co. was incorporated outside India before April 1, 1956 and is still having its business in India. It is a ______________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. foreign company

  2. indian company

  3. government Co

  4. none of the above

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Correct Option: A

The companies which are formed under Companies Act. 1956 they will be called as _________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Chartered companies

  2. Statutory companies

  3. Registered companies

  4. None of these

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Correct Option: C
Explanation:

A Company which is formed and registered under the Companies Act, 2013, including the companies which are earlier registered under any of the previous companies act, are called as the Incorporated or Registered Company.