Starax Ltd. has the paid-up equity capital structure in the following proportion - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and remaining shares by retail shareholders. Which of the following classes of companies would it belong to?
A. Government company
B. Non-government company
C. Deemed public company
D. Deemed private company
Answer: Option A
This Question Belongs to Law >> Indian Companies Act
Which among the following is regarded as the most important document of a company?
A. Annual Report
B. Prospectus
C. Articles of Association
D. Memorandum of Association
A. Participating preference shares
B. Cumulative preference shares
C. Non-cumulative preference shares
D. Non-Participating preference shares
Under the Companies Act every person subscribing to the Memorandum of a company must take at least
A. 100 shares
B. 20 shares
C. 10 shares
D. 1 share
A. Authorising the destruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
B. Authorising the dissolution of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
C. Authorising the formation of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
D. Authorising the reconstruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society
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