Company Basic Concepts
Transfer of shares in the company is:
Restricted
Freely transferable
Prohibited
None of these
Freely transferable
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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
The term company is defined under which sec of the Act?
A. Sec 3(1)
B. Sec 4(2)
C. Sec 2(4)
D. Sec 1(3)
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
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