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Business Studies-[Class 11-MCQS ]-Chapter 7 Formation of a Company

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1. Preliminary Contracts are




2. Stages in the formation of a public company are in the following order




3. A proposed name of Company is considered undesirable if




4. Minimum number of members to form a public company is




5. The company needs to obtain prior permision from central government when it changes the address of its registered office from




6. A person cannot hold directorship in more than ____ public companies




7. Powers, rights, remuneration, qualification and duties of directors are discussed clearly in




8. ______ means the total amount of called up capital on the shares issued and subscribed by the shareholders on capital account.




9. _____ share capital has priority both in repayment of dividend as well as capital.




10. Par value of shares means the __________ value of the shares




11. The Prospectus must be issued to the public within ______________ days of its date




12. A copy of the ________________ must accompany each from of application for shares offered to the public.




13. ______ cannot give invitation to the public to subscribe for any shares in or debentures of the company




14. A private company means a company which has a minimum paid up capital of Rs.————




15. The shares of a _______________ company can be freely transferable




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




17. Which of the following clause of Memorandum of Association cannot be altered




18. Which of the following is not a clause of memorandum of association




19. The company will be considered as separate person and different from its members from the date (when the) __________




20. The certificate of capital will be issued by




21. A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than




22. 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




23. The application for registration of a company should be presented to the _______________ of the state appointed under Companies Act 1956




24. Minimum number of members required to apply for incorporation certificate in a public ltd company is




25. Preliminary Contracts are signed




26. A prospectus is issued by




27. Application for approval of name of a company is to be made to




28. Minimum number of members to form a private company is




29. Private company prohibits any invitation or acceptance of deposits from persons other than its ______




30. A company is known as the _______company of another company if it has control over that other company.




31. For example Par value is Rs10 and it is issued at Rs15 then Rs5 is the ___________ amount




32. __ means the total amount of called up share capital which is actually paid to the company by the members




33. The dividend payable to ___________ share holders is payable on fixed figure or percent




34. _________ capital means the sum mentioned in the capital clause of Memorandum of Association




35. If the company can make arrangements for raising the capital privately so that pubic appeal is unnecessary, the company is required to prepare a _________




36. A Government Company means any company in which not less than 51% of the paid-up share capital is held by




37. A private company means a company which has a minimum paid up capital of Rs.———




38. ___ are the company created by special act of the legislature




39. The liability of the members of the company can be limited by




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. 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




42. Number of clauses in Memorandum of Association is




43. The articles of association needs to be signed by




44. 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




45. Among the following which documents are not mandatory to be submitted to the registrar along with incorporation application by a private company.




46. Number of documents to be submitted, by a public ltd company, to the registrar while applying for incorporation of the company is




47. 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




48. Section 12 of Companies Act 1956, deals with