Q.41. ______ lays down the modes in which the objects of the company are to be carried out by the members.
- Statement in lieu
- Prospectus
- Memorandum of Association
- Articles of association
Answer: (D) Articles of association
Q.42. Articles of Association are not required to be registered in case of ______
- An unlimited Company
- A company limited by guarantee
- A public company limited by shares.
- A private company limited by shares.
Answer: (C) A public company limited by shares.
Q.43. The maximum remuneration paid to a manager cannot exceed ______ percent of the annual net profit
- 10%
- 5%
- 15%
- 25%
Answer: (B) 5%
Q.44. ______ is the executive authority of the company
- Partners
- Shareholders
- Board of Directors
- Expert
Answer: (C) Board of Directors
Q.45. A managing Director can be appointed for a maximum period of _____
- 2 years
- 10 years
- 3 years
- 5 years
Answer: (D) 5 years
Q.46. ______ is the official records of the meeting of the company
- Quorum
- Register
- Report
- Minute
Answer: (D) Minute
Q.47. ______ is the resolution which is passed at validly called general meeting, by simple majority of the members.
- Special resolution
- Resolution by postal ballot
- Ordinary resolution
- Resolution requiring special notice.
Answer: (C) Ordinary resolution
Q.48. The company is dissolved when the tribunal passes in order of dissolution and the Tribunal shelf pass such order _______.
- When the affairs of the company have been completely wound up
- Immediately after the winding up order
- At the instance of Central government
- At the distance of company law Board.
Answer: (A) When the affairs of the company have been completely wound up
Q.49. In members voluntary winding up control of winding up in the hands of the _______
- Creditors
- Members
- Company
- Directors
Answer: (C) Company
Q.50. Corporal refer to ______
- Possession
- Ownership
- Building
- Computer
Answer: (B) Ownership