‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who holds the shares for the benefit persons

Related MCQs

• The idea of carrying on a business is conceived by a person by a group of persons called ‐‐‐‐‐‐‐‐‐‐
• Directors are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of he powers conferred on then and they must exercise those powers bonafide and for the benefit of the company.
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.
• Minimum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ persons to constitute a public limited company.
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ signed by the required number of persons which are necessary for the formation of company.
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Company may be companies limited by shares companies limited guarantee, unlimited companies.
• Shares can be freely transferable in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:‐
• If a public company limited by shares does not register its own articles ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐apply
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares