Joint Stock Company Test 8

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Joint Stock Company Test 8

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following companies must file a statement in lieu of prospectus?

A
A private limited company

B
A cooperative society

C
A company that has issued a prospectus

D
A public company that has not issued a prospectus.

Solution

Option D is the correct answer.
Question 2
1 / -0

Which of the following documents may be changed with retrospective effect?

A
Memorandum of association

B
Prospectus

C
Articles of association

D
None of the above

Solution

Option C is the correct answer.
Question 3
1 / -0

The ______ defines the scope of a company's activities.

A
Prospectus

B
Statutory declaration

C
Memorandum of association

D
Articles of association

Solution

Option C is the correct answer.
Question 4
1 / -0

The _____ defines a company's relations with the outside world.

A
Prospectus

B
Memorandum of association

C
Articles of association

D
Statement in lieu of prospectus

Solution

Option B is the correct answer.
Question 5
1 / -0

The rules and regulations for the internal management of a company are contained in its

A
Prospectus

B
Annual report

C
Memorandum of association

D
Articles of association

Solution

Option D is the correct answer.
Question 6
1 / -0

While incorporating a company, a statutory declaration is made by

A
A chartered accountant

B
An advocate

C
A person named in the articles as a director

D
Any of the above

Solution

Option D is the correct answer.
Question 7
1 / -0

Limited liability is a feature of

A
Partnership

B
Company

C
Sole Proprietorship

D
All of the above
Solution
Option B is the correct answer.
The following are some of the characteristics of a joint stock company:
Independent legal entity.
Limited liability.
Common seal.
Separate ownership and management.
Transferability of shares.
Perpetual existence.
Association of persons.
Question 8
1 / -0

A/an _________ may become a director of a company.

A
Partnership firm

B
Person of unsound mind

C
Individual

D
Body corporate

Solution

Option C is the correct answer.
Question 9
1 / -0

Any outsider dealing with the company is deemed to have knowledge of its memorandum and articles, according to the

A
Principle of constructive notice

B
Principle of management by exception

C
Doctrine of indoor managemetn

D
None of the above

Solution

Option A is the correct answer.
Question 10
1 / -0

A change in a company's registered office from one state to another may be effected by

A
An ordinary resolution

B
A resolution of the board of directors

C
A special resolution

D
A special resolution and confirmation from the Company Law Board

Solution

Option D is the correct answer.

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Joint Stock Company Test 8

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Joint Stock Company Test 8

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SHARING IS CARING

Question 1

A private limited company

A cooperative society

A company that has issued a prospectus

A public company that has not issued a prospectus.

Solution

Question 2

Memorandum of association

Prospectus

Articles of association

None of the above

Solution

Question 3

Prospectus

Statutory declaration

Memorandum of association

Articles of association

Solution

Question 4

Prospectus

Memorandum of association

Articles of association

Statement in lieu of prospectus

Solution

Question 5

Prospectus

Annual report

Memorandum of association

Articles of association

Solution

Question 6

A chartered accountant

An advocate

A person named in the articles as a director

Any of the above

Solution

Question 7

Partnership

Company

Sole Proprietorship

All of the above

Solution

Question 8

Partnership firm

Person of unsound mind

Individual

Body corporate

Solution

Question 9

Principle of constructive notice

Principle of management by exception

Doctrine of indoor managemetn

None of the above

Solution

Question 10

An ordinary resolution

A resolution of the board of directors

A special resolution

A special resolution and confirmation from the Company Law Board

Solution

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