Bihar Board Class 12 (Commerce) Formation of a Company — practice questions
44 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Bihar Board Class 12 (Commerce) Formation of a Company in the app →Which Act of the Indian Parliament is the primary source of Indian company law?The Companies Act, 2013 largely replaced which earlier Indian law on companies?On which date did the Companies Act, 2013 receive presidential assent?The National Company Law Tribunal was constituted on which date?The NCLT was based on the recommendation of which committee?Which section of the Companies Act introduced mandatory CSR spending for large companies?Which section of the Companies Act, 2013 deals with appointing a company secretary?The Act defined company secretaries as which category of company staff?How many members does a One Person Company (OPC) have?Section 8 companies under the Companies Act are what kind of companies?Producer companies under the Indian Act are formed for which purpose?Who can be members of a producer company in India?Sections 241 and 242 give members remedies against what?Eligible members complaining of oppression under Section 241 apply to which body?Which abbreviation marks a private company in India?In India, the name ending Ltd is used for which kind of company?In Malaysia, what does Sdn. Bhd. indicate?What is incorporation?Which legal benefit does incorporation give to shareholders?A corporation's existence is not affected by the death of whom?Why is a sole proprietor at greater risk than a shareholder of a corporation?Which document outlines when annual shareholder meetings are held and who can vote?Which authority issues the certificate of incorporation in the UK?Which document regulates a company's external affairs?Which document covers a company's internal constitution along with the memorandum?Together, the articles and the memorandum of association form what?In the UK, subscribers in a memorandum agree to take at least how many shares each?What did the historical objects clause in a memorandum limit?What does the term General Commercial Company allow a company to undertake?What does the abbreviation EGM stand for in company meetings?What is the minimum number of directors needed for a board meeting to proceed called?Shares of a private company limited by shares may not be offered to whom?Why can private company shares not trade on an exchange?In a company limited by shares, member liability is capped at what?A UK private company must have at least how many directors?A company issues 10,000 shares with a nominal value of 1p each. What is its issued share capital?Which document describes a security to potential buyers?A prospectus commonly includes which details about a company?What is the process of a private firm offering shares to the public for the first time called?Who typically underwrites an IPO?Money paid for newly issued shares in a primary offering goes to whom?A listed company has 2 million shares outstanding at Rs 50 each. What is its market capitalization?What fee do underwriters keep from the proceeds of an IPO called?The company offering its shares in an IPO is known as what?