Start learning →

CA Foundation The Companies Act, 2013: related Businesslaw practice

The practice bank below covers broader Businesslaw topics; a dedicated The Companies Act, 2013 lesson is not available yet.

Practise Businesslaw with Quill →

Businesslaw questions and exercises with answers

Showing questions 1–13 of 13.

The Companies Act, 2013 consists of:Read the answer and worked solution →Under Section 2(20), a 'company' means a company:Read the answer and worked solution →In a company limited by shares, the liability of a member is limited to:Read the answer and worked solution →In a company limited by guarantee, the members' liability to contribute the guaranteed amount arises:Read the answer and worked solution →Following the Companies (Amendment) Act, 2015, a common seal for a company is:Read the answer and worked solution →The minimum number of members is ___ for a private company and ___ for a public company.Read the answer and worked solution →A public company's maximum number of members is:Read the answer and worked solution →Under Section 2(62), a One Person Company (OPC):Read the answer and worked solution →Under Section 2(92), an 'unlimited company' is one:Read the answer and worked solution →Under Section 2(45), a 'Government company' is one in which not less than ___ of the paid-up share capital is held by the Government.Read the answer and worked solution →Under Section 2(52), a 'listed company' is one which:Read the answer and worked solution →'Paid-up capital' is equal to:Read the answer and worked solution →Under Section 43, the share capital of a company limited by shares is of two kinds:Read the answer and worked solution →

Worked practice questions

The Companies Act, 2013 consists of:

  1. 470 sections and 7 schedules
  2. 81 sections and 4 schedules
  3. 658 sections and 15 schedules
  4. 238 sections and 1 schedule
Show answer and solution

Correct answer: A. 470 sections and 7 schedules

The Companies Act, 2013 contains 470 sections, 7 schedules and is divided into 29 chapters, replacing the Companies Act, 1956.

Open this question →

Under Section 2(20), a 'company' means a company:

  1. Carrying on any business for profit
  2. Having limited liability only
  3. Incorporated under this Act or under any previous company law
  4. With at least seven members
Show answer and solution

Correct answer: C. Incorporated under this Act or under any previous company law

Section 2(20) defines a company as one incorporated under the Companies Act, 2013 or under any previous company law.

Open this question →

In a company limited by shares, the liability of a member is limited to:

  1. The amount, if any, unpaid on the shares held by him
  2. The company's total debts
  3. A sum guaranteed in the memorandum
  4. His entire personal property
Show answer and solution

Correct answer: A. The amount, if any, unpaid on the shares held by him

In a company limited by shares, a member can be called on to pay only the unpaid amount on his shares his separate property is not liable.

Open this question →

How to practise

  1. Choose a Businesslaw question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Businesslaw practice for CA Foundation. Read explanations as you go. No signup form needed to start.

Practise Businesslaw →

More Businesslaw topics

Negotiable Instruments Act 1881Nature of ContractsAgencyThe Limited Liability Partnership Act 2008PartnershipContract of Indemnity and GuaranteeBreach of Contract and its RemediesPerformance of Contract