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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. - Business Studies

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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

True/False Answer Question:

Every company must file Articles of Association


Name the stages in the formation of a company.


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:
A director must have a ________ to be appointed as a director 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.


Select the correct answer from the options given below and rewrite the statement:
__________is a document which invites the public to buy the shares of a company. 


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

Term which refers to contracts entered into by Promoters with third parties on behalf of the proposed company;


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.


Find the odd one.


Complete the sentence.

Promoters are the persons who undertake the process of _______.


Complete the sentence.

The document issued by the Registrar of companies when a company is incorporated is called as _______.


Complete the sentence.

On incorporation of a company, the ROC allots a unique identity number called as ______. 


Select the correct option form the given option:

Group A

Group B

___________

Certificate of incorporation


Study the following case/situation and express your opinion.

Sagar company limited got its Certificate of Incorporation on 1st Sept. 2018. The application for Incorporation was submitted on 16th Aug. 2018. There were 10 promoters who took the steps to incorporate the company.
  1. State the date on which Sagar company limited came into existence legally.
  2. On which date will the company get its Corporate Identity Number?
  3. How many minimum promoters are needed for incorporating a public company?

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