The Company's Act Quiz

15 Questions | By Catherinehalcomb | Updated: Mar 21, 2022 | Attempts: 241

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The companies act is an Act to consolidate and amend the law relating to companies and certain other associations. Do you know the companies act fully? Take this quiz about the companies act to understand the laws and rules regarding the functions and limitations of a company.

Questions and Answers

1.

Company act was formed in the year______
- A.
  
  1956
- B.
  
  1966
- C.
  
  1986
2.

Property of the company belongs to______
- A.
  
  Members of the Company
- B.
  
  Shareholders
- C.
  
  Company
3.

__________ is the official Signature of the company
4.

The common seal of the company should have
- A.
  
  Company’s name
- B.
  
  Words in seal
- C.
  
  Both (a) & (b)
5.

________ company cannot give invitation to public to subscribe shares
- A.
  
  Private
- B.
  
  Statutory
- C.
  
  Public
6.

Public company should have not less than 51% of the paid-up-capital held by _____
- A.
  
  State Government
- B.
  
  Central Government
- C.
  
  Both
7.

The company having control over anther company is called_____
- A.
  
  Holding company
- B.
  
  Subsidiary company
8.

_________ companies must have their own Articles of association
- A.
  
  Private
- B.
  
  Public
9.

____ contains the rules and regulations for the internal management of a company
- A.
  
  Memorandum of Association
- B.
  
  Articles of Association
- C.
  
  Prospectus
10.

______ is called the charter of the company
- A.
  
  Memorandum
- B.
  
  Articles
- C.
  
  Prospectus
11.

_______defines the company relations with the outside world/public
- A.
  
  Memorandum
- B.
  
  Articles
- C.
  
  Prospectus
12.

Identify the clause which is not comes under memorandum of association
- A.
  
  Name clause
- B.
  
  Registered Clause
- C.
  
  Business operation clause
13.

How many clauses are there in Memorandum of Association? _____
14.

Document accompany while inviting shares from the public called______
- A.
  
  Prospectus
- B.
  
  Memorandum
15.

_______type of company created by special act of legislation
- A.
  
  Statutory company
- B.
  
  Public company
- C.
  
  Private Company