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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 public 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.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Minimum 7 members | 1. Persons who conceive the idea of setting up a company. |
| b) DIN | 2. Public company |
| c) Preliminary contracts | 3. Promoters |
| d) Fiduciary duties towards the company. | 4. Eight Digit alphanumeric number. |
| e) CIN | 5. Private company |
| 6. Unique number assigned to each Director. | |
| 7. ROC. | |
| 8. A 21 digit alphanumeric code number. | |
| 9. One-Person Company | |
| 10. Contracts entered by Promoters with third parties. |
Write a word or a term or a phrase which can substitute the following statement.
The Birth Certificate of a company.
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.
ROC issues CIN only to certain companies.
State whether the following statement is True or False.
All companies need Certificate of Incorporation.
State whether the following statement is True or False.
All companies need Certificate of Commencement of business.
Find the odd one.
Find the odd one.
Select the correct option form the given option:
|
Group A |
Group B |
|
Promoters |
________ |
Select the correct option form the given option:
|
Group A |
Group B |
|
CIN |
_______ |
Select the correct option form the given option:
|
Group A |
Group B |
|
RUN is used for |
_______ |
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.
Answer in brief.
State the contents of Certificate of Incorporation
