Test: Companies Act- 1


20 Questions MCQ Test Business Laws for CA Foundation | Test: Companies Act- 1


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This mock test of Test: Companies Act- 1 for CA Foundation helps you for every CA Foundation entrance exam. This contains 20 Multiple Choice Questions for CA Foundation Test: Companies Act- 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Companies Act- 1 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Companies Act- 1 exercise for a better result in the exam. You can find other Test: Companies Act- 1 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

The term company is defined under which sec of the Act? 

Solution:

Section 3 (1) (i) of the Companies Act, 1956 Section 2(20) of the companies act, 2013 (As per new applicable law in India)

QUESTION: 2

Property of the company belongs to 

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QUESTION: 3

Which company shares can be freely transferable 

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QUESTION: 4

Minimum number of members in case of public company 

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QUESTION: 5

Minimum number of members in case of private company is 

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QUESTION: 6

Maximum no. of members in case of private company is 

Solution:

200
Minimum 2 and maximum 200 members: A private company can have a minimum of just two members (but just one is enough if it a One Person Company), and a maximum of up to 200 members. Transferability of shares restricted: Private companies cannot freely transfer their shares to the public like public companies.

QUESTION: 7

Maximum no .of members in case of public company is 

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QUESTION: 8

How many months did the company can continue its business u/s 45 _______ 

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QUESTION: 9

Minimum subscription should be received with in ______days 

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QUESTION: 10

If minimum subscription is not received application money should be refunded with in ______days 

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QUESTION: 11

Liability of a member in case of a private company is 

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QUESTION: 12

Maximum no. of persons in case of partnership banking business ______ 

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QUESTION: 13

Minimum paid up share capital in case of a private company is _______ 

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QUESTION: 14

Minimum paid up share capital in case of a public company is ________ 

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QUESTION: 15

Minimum number of Directors in case of a public company is __________ 

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QUESTION: 16

Minimum number of Directors in case of private company is _______ 

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QUESTION: 17

Age limit of Directors in case of public company is ______ 

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QUESTION: 18

Age limit of Directors in case of private company is _________ 

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QUESTION: 19

The company’s nationality is decided by its 

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QUESTION: 20

The liability of members if company is limited by guarantee. 

Solution:

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