πŸ“Š Corporate Laws
Q. Which doctrine protects the out of the outsiders from the company?
  • (A) The doctrine of Ultra virus
  • (B) The doctrine of indoor management
  • (C) Both A and B
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (B) The doctrine of indoor management
πŸ“Š Corporate Laws
Q. Doctrine of Ultra virus has reference to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ clause
  • (A) Object
  • (B) Subscription
  • (C) Liability
  • (D) None of these.
πŸ’¬ Discuss
βœ… Correct Answer: (A) Object
πŸ“Š Corporate Laws
Q. The articles of Association and the memorandum of Association are drafted by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • (A) Auditor
  • (B) Director
  • (C) Secretary
  • (D) Register
πŸ’¬ Discuss
βœ… Correct Answer: (C) Secretary
πŸ“Š Corporate Laws
Q. Corporate veil ensures ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the company
  • (A) Protection
  • (B) Legal Immunity
  • (C) Both A and B
  • (D) None of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (B) Legal Immunity
πŸ“Š Corporate Laws
Q. The ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ issues the certificate of incorporation
  • (A) Register
  • (B) Director
  • (C) Court
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) Register
πŸ“Š Corporate Laws
Q. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a document but invites the public to subscribe for share and debentures
  • (A) Memorandum
  • (B) Articles
  • (C) Prospectus
  • (D) Certificate
πŸ’¬ Discuss
βœ… Correct Answer: (C) Prospectus
πŸ“Š Corporate Laws
Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.
  • (A) Illegal Association
  • (B) Partnership
  • (C) Incorporation
  • (D) Company
πŸ’¬ Discuss
βœ… Correct Answer: (D) Company
πŸ“Š Corporate Laws
Q. On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:‐
  • (A) 200
  • (B) 50
  • (C) 150
  • (D) 0
πŸ’¬ Discuss
βœ… Correct Answer: (B) 50