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

  1. True
  2. 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.

  1. True
  2. False

Answer: 1

Q:3 The concept of Legal Personality of a Company is of absolute nature.

  1. True
  2. 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.

  1. True
  2. 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?

  1. True
  2. False

Answer: 1

Q:6 Companies registered under Section 8 are also known as 'Licensed Companies'. RTP

  1. True
  2. False

Answer: 1

Q:7 The Minimum Number of Members in a Private Company and Public Company are -

  1. Three and seven respectively,
  2. Two and Seven respectively,
  3. Two and Nine respectively
  4. 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. ₹ 1 Lakh & ₹ 2 Lakhs
  2. ₹ 3 Lakhs & ₹ 5 Lakhs
  3. ₹ 2 Lakhs & ₹ 3 Lakhs
  4. None of the above.

Answer: 4

 

CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 2 -   

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