Name: Vaishnavi Vijaykumar Mishra
Subject: Company Law
Roll No.: 59 (Fifty-Nine)
Section: B (City Branch)
Guided by: Dr. Priti Agrekar
Topic: Definition and attributes of Company
1. On incorporation of a company, the Registrar of Companies in addition to the Certificate of
Incorporation, issues a unique identification number called:
a. Unique Corporate Number
b. Unique Identification Number
c. Corporate Identification Number
d. Company Identification Number
2. What are the features of a public company?
a. It is not a private company.
b. It has a minimum paid up capital of Rs. 5 lakhs.
c. This type of companies invites the public at large.
d. All of the above.
3. On the basis of control, a company can be divided into
a. Public Company and Private company.
b. Holding Company and Subsidiary company.
c. Holding company and non-government company.
d. None of the above.
4. What are the limits of number of members in a private company?
a. Fifty
b. Seven
c. Twenty
d. Two hundred
5. Which of the following is not a stage of the development of a company?
a. Promotion
b. Production
c. Incorporation
d. Commencement of Business
6. A public company must have at least ______ directors whereas a private company must have
at least _______ directors.
a. 3,2
b. 2,3
c. 2,5
d. 8,10
7. A subsidiary company of a government company is also treated as a
a. Government Company
b. Public Company
c. Private Company
d. All of the above
8. A is one who performs the preliminary duties necessary to bring a company into being and float
it.
a. Auditor
b. Promoter
c. Director
d. Financer
9. Which of the following are the functions of a promoter?
a. Decides name of a company.
b. Nomination of directors.
c. Settles the details of memorandum and articles
d. All of these
10. The registered office clause of memorandum of association contains
a. The name of the state in which the registered office of the company is to be situated.
b. The name of the city/ town only and not that of the state.
c. The name of registrar of the companies.
d. The complete postal address.
11. A and B were the only members of a company who died in a road accident. In this case, the
company comes to end on the death of A and B.
a. True
b. False
c. Partly True
d. Partly False
12. A company being a legal person is also a citizen under the Constitution of India.
a. True
b. False
c. Partly True
d. Partly False
13. On 14th July, the Registrar of Companies issued a Certificate of Incorporation, but it was dated
10th July instead of 14th July. From which date the company will legally come into existence?
a. 10th July
b. 14th July
c. 31stJuly
d. None of these
14. In case ‘memorandum and ‘articles’ are inconsistent, then which shall prevail over the others?
a. Memorandum of Association
b. Articles of Association
c. The one approved by Registrar
d. None of these
15. A public company having a share capital can start its business on obtaining
a. Certificate of incorporation and approval of Company Law Board.
b. Certificate to commence business and approval of Company Law Board.
c. Certificate of Incorporation.
d. Approval of High Court.
