When can a person become a member of a company by estoppel?

By signing the Memorandum of Association

By being issued a share warrant

By holding shares and allowing their name to be retained on the register

By receiving an appointment as a director

In the case of a company limited by guarantee, what is the extent of the liability of its members?

Limited to the amount of their share capital

Limited to the amount they undertook to contribute in the event of winding up

Limited to the nominal value of shares they hold

When does a holder of share warrant become a member of the company?

Immediately upon issuance of the share warrant

When they subscribe to the Memorandum of Association

When they transfer their shares

After attending the Annual General Meeting

According to the Companies Act, which of the following persons is automatically deemed to be a member of a company?

Every person who holds equity shares

Subscribers to the Memorandum of the company

Legal representatives of deceased members

Foreign nationals with RBI permission

Which of the following rights are conferred upon members by the Companies Act and cannot be modified by the company's articles?

Right to inspect the company's documents

Right to receive copies of the Balance Sheet

Right to appoint a proxy for the Annual General Meeting

In the case of a company with unlimited liability, what is the extent of a member's liability?

Limited to the amount of their share capital

Limited to the amount they undertook to contribute in the event of winding up

Limited to the nominal value of shares they hold

What is the difference between a member and a shareholder in a company limited by guarantee?

A member must hold shares, while a shareholder need not hold any shares.

A shareholder has a right to transfer shares, while a member does not have such a right.

A member has liability limited to the amount of their shares, while a shareholder's liability is unlimited.

There is no difference between a member and a shareholder in such a company.

How can a person become a member of a company by "Membership by Qualification Shares"?

By subscribing to the Memorandum of Association

By transferring shares from another member

By agreeing to become a director and taking specified shares

By inheriting shares from a deceased family member

Members and Shareholders Free MCQ Practice Test with Solutions

	Company Law 81 docs\|44 tests

	Company Law 81 docs\|44 tests

Important Questions for Members & Shareholders

Find all the important questions for Members & Shareholders at EduRev.Get fully prepared for Members & Shareholders with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Members & Shareholders syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Members & Shareholders resources.

Members & Shareholders MCQs with Answers

Prepare for the Members & Shareholders within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Members & Shareholders Company Law

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Members & Shareholders with ease. Join thousands of successful students who have benefited from our trusted online resources.

Education Revolution