11. Consider the following statements:
Assertion (A): The number of members in a company is 20 and hence the company is a private company.
Reason (R): According to the Companies Act, 1956 a private company is one, the number of members of which does not exceed 50.
Assertion (A): The number of members in a company is 20 and hence the company is a private company.
Reason (R): According to the Companies Act, 1956 a private company is one, the number of members of which does not exceed 50.
12. Tribunal may appoint the official liquidator to be the liquidator provisionally at any time:
13. A offers to sell B his car for Rs. 2,00,000. C standing nearby says, "I will take it if B does not take it." B is not interested in the car. What will be the position if C says to A, "here is the money, I take the car."
14. Which of the following is/are true in the context of quasi-contract?
1. There is no real contract in existence.
2. There is no offer and acceptance.
3. There is no intention to create contract.
Select the correct answer
1. There is no real contract in existence.
2. There is no offer and acceptance.
3. There is no intention to create contract.
Select the correct answer
15. Within how much period from the closing of accounting year, bonus must be paid, if there is no dispute about the payment of bonus?
16. LLP shall file its LLP agreement with the registrar within of its incorporation.
17. Sub-section (1) of section 100 empowers the board of directors to call extraordinary general meeting as and when it is deemed necessary. Which of the following is authorized to convene extra-ordinary general meeting?
18. Which of the following fact/s is/are true about Patent Cooperation Treaty (PCT)?
19. Any document, filed with the Registrar, will be deemed to have been read and understood by all those who deal with the company. It is as per the doctrine of:
20. Which of the following statement is/are correct
1. It is mandatory to register the company
2. The liability of the members in the company is unlimited
3. The shares of the company can be transferred
Select your answer
1. It is mandatory to register the company
2. The liability of the members in the company is unlimited
3. The shares of the company can be transferred
Select your answer
Read More Section(Legal Aspects of Business)
Each Section contains maximum 100 MCQs question on Legal Aspects of Business. To get more questions visit other sections.
- Legal Aspects of Business - Section 1
- Legal Aspects of Business - Section 2
- Legal Aspects of Business - Section 4
- Legal Aspects of Business - Section 5
- Legal Aspects of Business - Section 6
- Legal Aspects of Business - Section 7
- Legal Aspects of Business - Section 8
- Legal Aspects of Business - Section 9
- Legal Aspects of Business - Section 10
- Legal Aspects of Business - Section 11