MCQ for CA Intermediate LAW - PART 1 - CORPORATE LAWS - Chapter 1 PRELIMINARY
Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 2 - Corporate and Other Laws - PART 1 - Corporate Laws - Chapter 1: PRELIMINARY - For Practice relevant for May/November 23 Examinations
Q:1 If the Members composing the Company die or dissociate themselves, the Company also gets extinct
- True
- False
Answer: 2
Q:2 A Company can own property, have a Banking Account, raise Loans, incur Liabilities and enter into contracts, whereas its members cannot contract with the Company, acquire rights against it or incur liability to it.
- True
- False
Answer: 1
Q:3 The concept of Legal Personality of a Company is of absolute nature.
- True
- False
Answer: 1
Q:4 For determining the legality or otherwise of the object in an Incorporated Company, can the motive which actuated the Founders of the Company to form the Association be looked into.
- True
- False
Answer: 1
Q:5 A Hindu Undivided Family consisting of 51 persons carries on business with a view to acquiring profit for itself or its Members without being registered under the Companies Act or any other Law is a Legal Association. (b) Will your answer be the same, if two Undivided Families would have carried on the said business?
- True
- False
Answer: 1
Q:6 Companies registered under Section 8 are also known as 'Licensed Companies'. RTP
- True
- False
Answer: 1
Q:7 The Minimum Number of Members in a Private Company and Public Company are -
- Three and seven respectively,
- Two and Seven respectively,
- Two and Nine respectively
- None of the above.
Answer:2
Q:8 Private Co. & Pubic Co. must have a minimum Paid-Up Capital respectively of -
[Note: Presently there is no prescribed amount. Hence, no Minimum Paid Up Capital requirement.]
- ₹ 1 Lakh & ₹ 2 Lakhs
- ₹ 3 Lakhs & ₹ 5 Lakhs
- ₹ 2 Lakhs & ₹ 3 Lakhs
- None of the above.
Answer: 4
CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 2 - 
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