The Companies Act, 2013

Nature and kinds of companies

1. Which one of the following is not a feature of a company?
(a) Mutual Agency                         (b) Common seal
(c) Artificial person                     (d) Perpetual Succession
1 Which company’s shares can be freely transferable?
(a)  Private Company                      (b) Public Company
(c)  Both (a) & (b)                  (d)  None of the above
2. Maximum no of members in case of private company is:
(a)  50                                    (b)  100
(c)  150                                   (d)  200
3. Under which section a private company can be automatically converted into a public company _________.
(a)  34                                    (b)  43
(c) 53                                     (d)  35
4. General Government permission is required in case of ____________ conversion:
(a)  Private Company to public             (b) Public Company to private
(c)  Both (A) & (B)                    (d)  None of the above
5. A “Company limited by shares” means a company having the liability of its members limited _______, if any, unpaid on the shares respectively held by them.
(a)  By the articles to the amount         (b)  Unlimited
(c)  By the memorandum to the amount       (d)  None of the above
6. Which of the following statements is true case of an Unlimited Company?
(a)  Unlimited company may or may not have a share capital
(b)  Unlimited company is not subjected to any restrictions regarding purchase of its own shares
(c)  A company registered as unlimited company may subsequently convert itself into a limited company
(d)  All of the above

7. Sec 2(92) of the Companies Act 2013, provides that unlimited company means:
(a) A company not having any limit on the number of members
(b) A company not having any limit on the liability of the company
(c) A company not having any limit on the liability of its members
(d) None of the above

8. Associate Company in relation to another company means a company in which that:

      (a)     The other company has a significant influence

      (b)     The other company has a significant influence, but which is not the subsidiary company

      (c)  The other company does not have a significant influence, but which is not the subsidiary company

      (d)     None of the above

9. Section 2 (46) of the Companies Act 2013, defines the
1. Subsidiary company                           2. Holding company
3. Statutory company                             4. Associate company