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प्रश्न
True/False Answer Question:
If a company suffers heavy issues and its assets are not enough to pay off its liabilities, the balance can be recovered from the private assets of its members.
विकल्प
True
False
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उत्तर
The statement is FALSE.
In view of the limited liability of the members and shareholders of a company, they are not liable to pay any amount from their private assets if the company suffers any loss or is liquidated.
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संबंधित प्रश्न
Choose the correct option for the following
Minimum number of members to form a private company is
Choose the correct option for the following
Minimum number of members to form a public company is
True/False Answer Question:
Every company must file Articles of Association
Select the correct answer from the options given below and rewrite the statement:
___________ are the persons who undertake the process of formation of a company.
Select the correct answer from the options given below and rewrite the statement:
____________has a 21 digit alpha numeric code which is unique number assigned to every company at the time of incorporation.
State whether the following statement is True or False.
A company is an artificial person.
To form a Public company, there must be minimum 2 persons/promoters.
State whether the following statement is True or False.
Promoters can make secret profits while setting up a company.
State whether the following statement is True or False.
DSC is needed by Directors when they have to sign documents for e-filing.
State whether the following statement is True or False.
Every Director has to quote his DIN while giving his consent to be a Director of a company.
State whether the following statement is True or False.
All companies need Certificate of Incorporation.
Complete the sentence.
Promoters are the persons who undertake the process of _______.
Complete the sentence.
On incorporation of a company, the ROC allots a unique identity number called as ______.
On behalf of a proposed company, preliminary contracts with third parties are entered by ______.
Select the correct option form the given option:
|
Group A |
Group B |
|
Promoters |
________ |
Study the following case/situation and express your opinion.
Mr. Ram, Mr. Sam, and Mr. Tom who are partners have come together to convert their business into a company. They have finalized all the details about the business they want to do, capital needed, etc. However, they do not know how to proceed with the legal formalities. Hence they appoint Mr. Shah who is a Practicing Company Secretary to help them prepare documents needed for incorporating the proposed company.
- Can Mr. Ram, Mr. Sam, and Mr. Tom convert their partnership firm into a company?
- Name 2 most important documents needed to incorporate a company.
- Will Mr. Shah be considered as a Promoter of the Company? Why?
Study the following case/situation and express your opinion.
Mr. Talong with his 5 friends have submitted all the necessary documents for incorporation of TRIM private limited company.
a) How many minimum promoters are needed to incorporate a private company?
b) When can TRIM Private limited company be said to have come into existence.
c) Name the two most important documents that must be submitted at the time of the Incorporation of a company.
