CORPORATE LAW MULTIPLE CHOICE QUESTIONS (MCQS).

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1. The capital of a company is represented by its
(A) shares
(B) properties
(C) balance sheet
(D) profit

2. What is meant by “doctrine of corporate personality”?
(A) A company is a sole trader
(B) A company is a Partnerships
(C) A company is a legal person
(D) A company means its owners

3. The word “limited” in the name of a company points the fact of limited
(A) assets
(B) liability
(C) profit
(D) business

4. According to Section 2(49) of the Corporate Law (also called Company Law), which from the following are private companies?
I. Single Member Company
II. Private Company
III. Public Unlisted Company
(A) I only
(B) II only
(C) I and II only
(D) I, II and III

5. As per Corporate Law, the maximum number of members of a Private Company (other than single member company) is
(A) 20
(B) 30
(C) 40
(D) 50

ANSWERS: CORPORATE LAW MCQS
1. (A) shares
2. (C) A company is a legal person
3. (B) liability
4. (C) I and II only
5. (D) 50