HomeQuizzes & SurveysCSEET MCQs with Answers – Legal Aptitude – Company Law CSEET MCQs with Answers – Legal Aptitude – Company Law Welcome to your CSEET MCQs with Answers - Legal Aptitude - Company Law - Part 1 CSEET Legal Aptitude MCQs These MCQs are based on reference material of Legal Aptitude issued by ICSI. To practice more CSEET questions with answers, visit here https://deepgyan.com/cseet-mock-test-cseet-mcq-pdf-multiple-choice-questions/. On Deep Gyan we provide free CSEET Video Classes, Free CSEET Notes and CSEET Mock Test. Join our Telegram group for free Notes/Videos/MCQs of CSEET: https://t.me/deepgyancseet Please fill the following information. This will help us to avoid spam and recognize genuine CSEET students. Name Email Mobile Which of the following statements is not true? A company is an artificial person created by law. A company can do every act like a natural person except the acts which are purely of personal nature. A company can be held liable for violation of the statutory provisions of the Companies Act. A company can be imprisoned for violation of such provision which attract penalty by way of imprisoned only. Which of the following is not the characteristics of a public company? It has a separate legal entity It has perpetual succession It has a common seal and separate property. Its shares are non-transferable. A and B were the only members of a company who died in a road accident. In this case, the company comes to end on the death of A and B. True False Partly True Partly False A company being a legal person is also a citizen under the Constitution of India True False Partly True Partly False A statutory company or corporation is one which is incorporated By an Act of Parliament By an Act of State Legislature Under the Companies Act, 2013 By either (a) or (b) In case of a company limited by guarantee, the liability of the members can be enforced At any time when the company so decides Only at the time of winding up of the company Only by an order of court Only by an order of Registrar of Companies A Government Company is one is which 51% or more of the paid up share capital is held by- Central Government alone State Government alone Central and State Government jointly All or Any of the above On 14th July, the Registrar of Companies issued a Certificate of Incorporation, but it was dated 10th July instead of 14th July. From which date the company will legally come into existence? 10th July 14th July 31st July None of these A company formed for the promotion of commerce, art, science, religion, charity etc. may not use the word ‘limited’ at the end of its name, even if it is a limited company True False Partly True Partly False The Registered office clause of Memorandum of Association contains – The name of the state in which the registered office of the company is to be situated. The name of the city/town only and not that the state. The name of Registrar of companies. The complete postal address. Which of the following statements is correct? In limited companies, the liability of members holding fully paid-up shares is Nil. In companies limited by guarantee, the liability of members is limited to the amount which they have agreed to pay. Both (a) and (b) are correct. None of these is correct. Company’s ‘memorandum’ and ‘articles’ are public documents. True False Partly True Partly False In case ‘memorandum’ and ‘articles’ are inconsistent, then which shall prevail over the others? Memorandum of Association Articles of Association The one approved by Register None of these Company has _____________ succession Longer Continued Perpetual Limited If company do not follow the principle of separate legal entity ___________ can be done. Lifting of corporate veil Principle of equity Principle of natural justice All of above Any Corporate Body/Association of Firm can be appointed as director of the company. This statements is- True False Partly True Partly False How many members should sign the MOA in case of public company? 1 5 3 7 _____________ conceives the idea of the business. Promoters Auditors Directors Shareholders Shares of ______________ company are freely transferable. Private company Public Company Both (a) and (b) None of the above In case of private companies, maximum number of members can be: 50 100 200 No limit Time is Up!