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Select the correct option form the bracket. Group A Group B ___________ Can hold shares in the name of partners - Secretarial Practice

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Question

Select the correct option form the bracket.

Group A Group B
___________ Can hold shares in the name of partners

Options

  • Partnership firm

  • Cannot become a member of a company

  • Can become member of a company

MCQ
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Solution

Group A Group B
Partnership firm Can hold shares in the name of partners
shaalaa.com
Members of a Company
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Chapter 5: Members of a company - Exercise Q.1 [Page 75]

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Balbharati Secretarial Practice [English] 11 Standard Maharashtra State Board
Chapter 5 Members of a company
Exercise Q.1 | Q 7.3 | Page 75

RELATED QUESTIONS

Select the correct answer from the options given below and rewrite the statement:

________ is a person whose name is entered in the Register of Members.


Select the correct answer from the options given below and rewrite the statement:

A person can be called as a Member when the name is entered in ________


Select the correct answer from the options given below and rewrite the statement:

A _______ cannot be a member of a company.


Select the correct answer from the options given below and rewrite the statement:

____________ means a person ceases being a member of the company of membership.


Match the pairs:

Group ‘A’ Group ‘B’
a) Insane person 1) Transfer of shares by operation of law
b) Foreigner 2) Cannot be a member
c) Transmission of shares 3) Cessation of membership
d) Surrender of shares 4) To get copies of Auditor’s, Directors’ Report, etc.
e) Right of Members 5) Can be a Member
  6) To attend a board meeting
  7) Duties of member
  8) Surrendering all assets to the company
  9) Demand or claim money from the company
  10) Transfer of shares by order of Secretary

Write a word or a term or a phrase which can substitute the following statement:
End of membership of a person.


State whether the following statement is True or False:

Both, individuals and body corporate can be members of the company.


State whether the following statement is True or False:

Limited Liability Partnership cannot be a member of the company


State whether the following statement is True or False:

Members of the company can attend general and Board meetings of the company.


State whether the following statement is True or False:

Minor can be the member of the company


State whether the following statement is True or False:

Karta of HUF can be a member of the company.


Select the correct option form the bracket.

Group A Group B
Minor ___________

Answer in one sentence:
What is the common way of becoming a member of a company?


Correct the underlined word and rewrite the following sentence:

A Minor can be a member of a company.


Correct the underlined word and rewrite the following sentence:

Partnership Firm can be a member of a company.


Justify the following statement.

Member and Shareholder are interchangeable terms.


Justify the following statement.

A Foreigner can invest in shares of an Indian company.


Justify the following statement.

Insolvent person ceases to be the Member of the company.


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