Practice Test

Q1) A ________ is a person, who discovers the business opportunity. Show Answer

Q2) The promoters are ________ of the company. Show Answer

Q3) After receipt of ______ a company with share capital will able to start its business. Show Answer

Q4) After receipts of ______ company not having capital share can start its business. Show Answer

Q5) _______ initiates takes step to organize a company. Show Answer

Q6) ________ is an invitation to public to subscribe for capital. Show Answer

Q7) ________ stage is the most important stage in formation of public company. Show Answer

Q8) A private company must have at least _______ directors. Show Answer

Q9) A public company must have at least ________ directors. Show Answer

Q10) _______ is the character of the company. Show Answer

Q11) In case of public company, Memorandum of Association must be stamped and signed by at least ________ persons. Show Answer

Q12) A company can start its business after securing "Certificate of Incorporation" ________. Show Answer

Q13) Shareholders take initiative to form a company. Show Answer

Q14) The Board of directors gives guarantee of minimum subscription. Show Answer

Q15) A public company can start business after getting ‘Trading Certificate’. Show Answer

Q16) Prospectus is issued by private company. Show Answer

Q17) Formation of company is simple and easy. Show Answer

Q18) All companies can start business after incorporation. Show Answer

Q19) Company promoters play significant role in the company formation. Show Answer

Q20) A company is ______. Show Answer

Q21) ______ are persons who undertake the process of formation of a company. Show Answer

Q22) A _____ company needs minimum two or more members. Show Answer

Q23) In a public company there must be minimum ______ or more members. Show Answer

Q24) A Director must have a _____ to be appointed as a Director of a company. Show Answer

Q25) ______ has 21 digit alpha- numeric code which is a unique number assigned to every company at the time of Incorporation. Show Answer

Q26) ______ is a document which invites the public to buy the shares of a company. Show Answer

Q27) Directors declaration form should be filed within _____days from the date of incorporation. Show Answer

Q28) A company is an artificial person. Show Answer

Q29) To form a Public company, there must be minimum 2 persons/promoters. Show Answer

Q30) Promoters are persons who take the necessary steps to set up a company. Show Answer

Q31) Promoters can make secret profits while setting up a company. Show Answer

Q32) In India, companies have to be incorporated as per the provisions of Companies Act, 2013. Show Answer

Q33) DSC is needed by Directors when they have to sign documents for e-filing. Show Answer

Q34) A company can be registered even without submitting Memorandum of Association . Show Answer

Q35) Every Director has to quote his DIN while giving his consent to be a Director of a company. Show Answer

Q36) ROC issues CIN only to certain companies. Show Answer

Q37) All companies need Certificate of Incorporation. Show Answer

Q38) All companies need Certificate of Commencement of business. Show Answer

Q39) A company shall be formed for any lawful purpose. Show Answer

Q40) First Director of company appointed by ROC. Show Answer