HomeQuizzes & SurveysCSEET Multiple Choice Questions – Legal Aptitude MCQs – Company Law CSEET Multiple Choice Questions – Legal Aptitude MCQs – Company Law CSEET Multiple Choice Questions - Legal Aptitude MCQs - Company Law Part 2 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 A word corporation is derived from latin term “corpus” which means:- Body Legal Person Artificial Person None of the above The liability of the members of the company is limited to the extent of the _______ of the shares held by them. Unpaid value Paid value Nominal value All of the above Which of the following statement is correct? Partners are the agents of the film but members of company are not its agents Partner cannot contract with his firm but a member of a company can Both (a) and (b) None of these is correct In public company, the members of the company is not less than ___________. Two Seven Ten Twenty In private Company, the member of the company is not less than _____________. Seven Ten Two Eight A company is a ______ on the other hand a club is a __________. Trading association, non trading association. Non trading association, trading association Trading association, trading association. None of these Which of the following is not the advantages of incorporation? Separate property Unlimited liability Capacity to sue Flexibility and autonomy Which of the following is/are not the disadvantage of incorporation? Formalities and expenses Corporate disclosure Limited liability Both (a) and (b) Which of the following companies prohibits any invitation to the public to subscribe for share or debentures? Private Company Public Company Government Company Both (b) an (c) Which of the following company/companies are registered by the Companies Act, 2013? Government Company Private Company Public Company All of the above A public company must have atleast _________ directors whereas a private company must have atleast ____________ directors . 3, 2 2, 3 2, 5 8, 10 A subsidiary of a government company is also treated as a ____________. Government Company Public Company Private Company d All of the above. The _____________ of government company is appointed or reappointed by the Comptroller and Auditor General of India. Auditor Company Secretary Both (a) and (b) None of the above Which of the following company is incorporated in a country outside India? Private Company Foreign Companies Government Company None of the above Which of the following statement is false? No legal formality is required to start a company. The shareholders of a company have limited liability. A company can own property in its own name. A company is managed by the elected representatives of shareholders. Time is Up!