Which company shares can be freely transferable?

(a)

Private company

(b)

Public company

(c)

Both 'a' and 'b'

(d)

None of these

Minimum number of members required to apply for incorporation certificate in a Public Ltd company is

(a)

3

(b)

2

(c)

7

(d)

50

The second stage in the formation of the company is

(a)

promotion

(b)

registration

(c)

capital subscription

(d)

commencement of business

The second most important document which is required at the time of registration is

(a)

Memorandum of Association

(b)

Prospectus

(c)

Articles of Association

(d)

None of these

A debenture, in which no specific time is specified by the companies to pay back the money is called an

(a)

Registered debentures

(b)

Bearer debentures

(c)

Irredeemable debentures

(d)

None of these

The articles of association need to be signed by

(a)

all proposed directors

(b)

registrar

(c)

subscribers of memorandum

(d)

none of the above

The person who envisages the idea is called a

(a)

Promoter

(b)

Manager

(c)

Director

(d)

Member

List I		List II
i)	Registered debentures	1)	Irredeemable debenture
ii)	Bearer debentures	2)	Charge on the fixed assets
iii)	Perpetual debentures	3)	Negotiable instrument
iv)	Secured debentures	4)	Issued in the name of a particular person

(a)

(i)	(ii)	(iii)	(iv)
2	3	4	1

(b)

(i)	(ii)	(iii)	(iv)
4	3	2	1

(c)

(i)	(ii)	(iii)	(iv)
3	4	2	1

(d)

(i)	(ii)	(iii)	(iv)
1	2	3	4

List I		List II
i)	Issue of shares at par	1)	Except sweat equity share
ii)	Issue of shares at premium	2)	Reserves and surplus
iii)	Issue of securities at discount	3)	Write off preliminary expenses
iv)	Bouns shares	4)	No legal restrictions

(a)

(i)	(ii)	(iii)	(iv)
1	2	3	4

(b)

(i)	(ii)	(iii)	(iv)
2	3	1	4

(c)

(i)	(ii)	(iii)	(iv)
3	4	2	1

(d)

(i)	(ii)	(iii)	(iv)
4	3	1	2

If minimum subscription is not received application money should be refunded with in ___________ days.

(a)

20

(b)

25

(c)

30

(d)

10

Minimum subscription should be received within ____________ days.

(a)

130

(b)

125

(c)

120

(d)

150

The ___________ is the charter of a company.

(a)

Memorandum of Association

(b)

Articles of Association

(c)

Both 'a' and 'b'

(d)

None of the above

The address of the registered office of the company must be notified to the registrar within ________ days of registration if it is not done at the time of incorporation.

(a)

15

(b)

30

(c)

60

(d)

45

If the proposed nominal capital is more than Rs. 25 lakhs at the time of incorporation then the company needs to submit ________ along with the application.

(a)

statement of capital

(b)

certificate of incorporation

(c)

certificate of capital

(d)

none of these

__________ is created form fully paid shares by passing an ordinary resolution the general meeting.

(a)

Stock

(b)

Shares

(c)

Debentures

(d)

Preference shares