Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce

Who receives applications under the RTI Act, 2005?

The portion of earnings which is distributed among shareholders in the form of dividend is called

A person is having multiple business requires GST registration

Which of the following sections have been added in the companies (amendment) Act, 1974?

Statement I Every contract in an agreement but every agreement is not a contract.
Statement II All agreements are contracts, if they are made by the free consent of parties.

The principle of 'constructive notice' in a company means:

Restrictions on the issue of shares at premium has been imposed by the company as per the Companies Act 1956 under the section:

Major amendments to IT Act, 2000 were introduced in the form of IT (amendment) Act 2008, which came into effect on:

Which of the following can be termed as the general benefits of Limited Liability Partnership?
1. Less compliance cost.
2. Audit necessary only if turnover and contribution exceed Rs. 40 lacs and Rs. 25 lacs respectively.
3. The partners can distribute the profits among themselves without attracting any further taxation, i.e., Dividend Distribution Tax.
4. Various stringent provisions that prohibit the Company to take loans from individual or give loans to the respective Director are not there in case of LLP.
5. There are no restrictions on related party transactions in case of LLP.

A person can not act as a managing director of more than how many company/companies at a time?