हिंदी

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.

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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

MCQ
सत्य या असत्य
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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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Formation of a Company
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Formation of a Company - True or False [पृष्ठ १८०]

APPEARS IN

एनसीईआरटी Business Studies [English] Class 11
अध्याय 7 Formation of a Company
True or False | Q 9 | पृष्ठ १८०

संबंधित प्रश्न

Multiple Choice Question:

A proposed name of the Company is considered undesirable if


True/False Answer Question:

'Articles of association' is the main document of a company.


True/False Answer Question:

Every company must file Articles of Association


Select the correct answer from the options given below and rewrite the statement:
A company is __________.


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:
A director must have a ________ to be appointed as a director of a company 


Write a word or a term or a phrase which can substitute the following statement.

Persons who undertake the necessary steps to set up a company.


Write a word or a term or a phrase which can substitute the following statement.

The Birth Certificate of a company.


State whether the following statement is True or False.

A company is an artificial person.


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.

In India, companies have to be incorporated as per the provisions of Companies Act, 2013.


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 Commencement of business.


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 ______. 


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.

  1. Can Mr. Ram, Mr. Sam, and Mr. Tom convert their partnership firm into a company?
  2. Name 2 most important documents needed to incorporate a company.
  3. Will Mr. Shah be considered as a Promoter of the Company? Why?

Answer in brief.

State the contents of Certificate of Incorporation


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