CA Foundation · Businesslaw · Companies Act — True / False

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   A private company must have at least 2 members.

2. Statement is true

   Yes

   Statement

   Maximum members in a private company is 100.

3. Statement is true

   Yes

   Statement

   A public company can offer shares to the general public.

4. Statement is true

   No

   Statement

   Memorandum of Association is the company's internal constitution.

5. Statement is true

   Yes

   Statement

   An OPC can have only one director.

6. Statement is true

   Yes

   Statement

   Companies Act 2013 replaced the 1956 Act.

Instructions

Decide each Companies Act statement.