Company Basic Concepts
The term company is defined under which sec of the Act?
Sec 3(1)
Sec 4(2)
Sec 2(4)
Sec 1(3)
Sec 3(1)
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In the case of Company Audit is:A. Compulsory
B. Optional
C. None of these
D. A and b
If minimum subscription is not received application money should be refunded within ________days.
A. 20
B. 25
C. 30
D. 10
Minimum number of members in case of private company is:
A. 1
B. 2
C. 3
D. None of these
The liability of members if company is limited by guarantee:
A. Unpaid value of shares
B. Guarantee amount
C. Unlimited liability
D. None of these
Minimum paid up share capital in case of a private company is ________
A. 1 lakh
B. 2 lakhs
C. 3 lakhs
D. 4 lakhs
Minimum number of members in case of public company:
A. 1
B. 2
C. 5
D. 7
Liability of a member in case of a private company is:
A. Limited
B. Unlimited
C. Both A and B
D. None of these
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