Business Law MCQS With Answers 261 to 270

 

Business Law

261. ______________ Acts as the official signature of the company.

1. Registration
2. Special resolution
3. Legal entity
4. Common seal

Correct answer: (D)
Common seal

262. In case of a company limited by guarantee, the liability of the members can be enforced

1. Only at the time of winding up of the company
2. At any time when the company so decide
3. Only by an order of court
4. Only by an order of Registrar of companies

Correct answer: (A)
Only at the time of winding up of the company

263. ______________ describes the scope of company activities

1. Memorandum of association
2. Prospectus
3. Articles of Association
4. Documents

Correct answer: (A)
Memorandum of association

264. ______________ signed by the required number of persons which are necessary for the formation of company.

1. Memorandum of Association
2. Prospectus
3. Statement in lieu
4. None of the above.

Correct answer: (B)
Prospectus

265. Registered Office clause of memorandum of Association contain ______________

1. The complete postal address
2. The name of Registrar of companies
3. The name of City/ Town only and not that of the state
4. The name of the state in which registered office of the company is to situate

Correct answer: (D)
The name of the state in which registered office of the company is to situate

266. ______________ lays down the objects and powers of the company.

1. Memorandum of Association
2. Articles of Association
3. Prospectus
4. Statement in lieu

Correct answer: (A)
Memorandum of Association

267. Offers may be invited from the public by issuing a document known as ______________

1. Prospectus
2. Notice
3. Circular
4. All of the above

Correct answer: (A)
Prospectus

268. The office of a director becomes vacant if he fails to obtain his qualification shares within ______________

1. 30 days
2. 1 month
3. 2 months
4. 3 month

Correct answer: (C)
2 months

269. ______________ Member of directors need to retire every year

1. 2/3
2. 2
3. ¼
4. 1/3

Correct answer: (D)
1/3

270. Minimum number of directors in public company is ______________

1. 3
2. 2
3. 4
4. 1

Correct answer: (A)
3