Practice Test

Q1) The ________ is primary and supreme document of the company. Show Answer

Q2) The rules regarding internal management are given in the __________. Show Answer

Q3) A _______ is called as silent salesman of a company. Show Answer

Q4) A public company must publish ______ for raising capital. Show Answer

Q5) A memorandum should be signed by at least ______ persons in case of public company. Show Answer

Q6) A memorandum should be signed by at least ______ persons in case of private company. Show Answer

Q7) The _______ is subordinate document to memorandum. Show Answer

Q8) For alteration in the Articles _______ resolution is required. Show Answer

Q9) _______ clause is the first clause in the memorandum. Show Answer

Q10) _______ is the most important clause in memorandum. Show Answer

Q11) ________ is issued after formation of the company. Show Answer

Q12) _______ deals with rights of members. Show Answer

Q13) ________ contains declaration by the signatories of the memorandum. Show Answer

Q14) A company passes ________ resolution to increase share capital. Show Answer

Q15) _______ clause cannot be altered. Show Answer

Q16) A company passes a _______ resolution to change name of the company. Show Answer

Q17) The word ________ means 'taking shares for cash.' Show Answer

Q18) Company can be registered without Memorandum of Association. Show Answer

Q19) Every company has its own Articles of Association. Show Answer

Q20) A private company does not issue prospectus. Show Answer

Q21) Prospectus is charter of the company. Show Answer

Q22) Table A acts as silent salesman of the company. Show Answer

Q23) Memorandum of Association is subordinate document. Show Answer

Q24) Any clause of memorandum can be altered easily. Show Answer

Q25) Nobody is liable for mis-statement in the prospectus. Show Answer

Q26) Prospectus is prepared only for filling with the registrar. Show Answer

Q27) Articles of Association acts as the charter of the company. Show Answer

Q28) There are no restrictions in altering Articles of Association. Show Answer

Q29) The objects of the company can be changed. Show Answer

Q30) ______is a primary document of a company which contains the aims and objectives of the company. Show Answer

Q31) ______ describes the relationship between company and outsiders. Show Answer

Q32) The ______ clause describes the range of activities a company can undertake. Show Answer

Q33) Any act done by the company beyond the Powers of Memorandum is called as ______. Show Answer

Q34) ______ acts are void or legally ineffective. Show Answer

Q35) _____ clause contains the details of liability of the members. Show Answer

Q36) _____ clause states the amount of Authorised capital with which the company is registered. Show Answer

Q37) _____contains rules and regulations for internal management of the company. Show Answer

Q38) Articles establishes relationship between company and ______. Show Answer

Q39) ______ is an invitation to the public to subscribe for shares of the company. Show Answer

Q40) For making multiple issue of shares within a year, a company can prepare a ______ Prospectus. Show Answer

Q41) _______ is an incomplete prospectus. Show Answer

Q42) The document that contains the constitution of the company is _____. Show Answer

Q43) A _____ company must issue prospectus to the public for capital subscription. Show Answer

Q44) The Domicile clause of the Memorandum of Association states about the ______ of a company. Show Answer

Q45) The aims and objectives of a company are stated in the _____ clause of the Memorandum of Association. Show Answer

Q46) The _______ is almost an unalterable document. Show Answer

Q47) The _______ is primary and supreme document of the company. Show Answer

Q48) Memorandum of Association and Articles of Association is prepared at the time of incorporation of a company. Show Answer

Q49) Memorandum of Association describes the nature and character of the company. Show Answer

Q50) Memorandum establishes relationship between Company and Members. Show Answer

Q51) Any act done by the company beyond the Powers of Memorandum is Ultra Vires. Show Answer

Q52) Articles of Association can have provisions which contradicts the Memorandum. Show Answer

Q53) Memorandum need not have a Liability Clause. Show Answer

Q54) Articles of Association is subordinate to Memorandum. Show Answer

Q55) Memorandum contains rules and regulations for internal management of a company. Show Answer

Q56) Every subscriber who signs the Memorandum must also sign the Articles. Show Answer

Q57) Entrenched Articles cannot be easily altered. Show Answer

Q58) Only public companies can issue Prospectus. Show Answer

Q59) Actions can be taken against a company or its officers for misstatements in prospectus. Show Answer

Q60) Every company has to issue shelf prospectus every time it offers shares to the public. Show Answer

Q61) Red Herring prospectus does not contain details of the price at which shares will be sold by the company. Show Answer

Q62) Letter of offer is issued at the time of Right Issue. Show Answer

Q63) The AOA is an alterable document. Show Answer

Q64) Company can be registered without MOA. Show Answer