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11th Commerce Monthly Test - 2 ( Joint Stock Company )

St. Britto Hr. Sec. School - Madurai

11th Commerce Monthly Test - 2 ( Joint Stock Company )-Aug 2020

Time : 2.00 Hours

Part - A

Multiple Choice Question - Answer All Question

_________ contains the regulations connected with the internal management of the company.

Memorandum of association
Certificate of incorporation
Articles of association
Letter of approval

Management of joint-stock company is entrusted to_________________.

promotors
debenture holders
government
board of directors

______________refers to a body corporate.

Sole tradership
Partnership
Joint-stock company
Joint Hindu Family business

Which of the following is created by a Special Act of Parliament or in State Assemblies?

Chartered company
Foreign company
Government company
Statutory company

Tata Motors Limited, Satyam computer services ltd are the Examples of _______________

Chartered Companies
Statutory Companies
Registered Companies
Multinational Companies

Management of a Company is entrusted to ______________.

Group of Experts
the board of directors
Government norms
None of these

The rate of dividend is fixed in the case of_______________.

equity shares
preference shares
debentures
All of these

A private limited company can commence business

Immediately on receiving the certificate of incorporation
Only after the certificate of commencement of business is received
On getting name approval from the Registrar
On filing all the document necessary for formation with the Registrar

Any contract entered into a company to be valid must _____________

be accepted by the board members
be recognised by the Government
be registered with the registrar of companies
bear the official seal of the Company

____________________________is "the only window through which a prospective investor can look into the soundness of a company's venture".

Prospectus
Memorandum
Articles
Minutes

The maximum number of members in a private limited company is___________________

25
50
100
200

A _________ is a distinct legal entity.

Company
Organisation
Business
None of these

If the issue price of the share is less than the face value, it is______________.

share discount
share premium
over subscription
minimum subscription

If the issue price of the share, is more than the face value, it is______________.

share discount
share premium
over subscription
minimum subscription

A private limited company must have at least______________directors.

2
3
5
7

Part - B

Generic 2 - Answer All Question

What is Common seal?

What is meant by Memorandum of Association?
What is stated in the situation clause in a memorandum?

What are the different types of companies?

What is the Significance of the common seal of the Company?

Give the meaning of company.

What is Domestic company?

Part - C

Generic 3 - Answer All Question

What is meant by perpetual succession?

What do you mean by Holding Companies?

What do you mean by Company limited by Guarantee?

What is meant by Joint and Several Liability?

What are the advantages of Companies? (Any 3)
What is a guarantee company?

Write a note on one share - one vote.

Part - D

Generic 5 - Answer All Question

What is meant by Multi National Company?

What is meant by Holding and Subsidiary company?

Enumerate the advantages of company.(Any five).

What are Disadvantages of the Company form of organization?

What are the contents of Articles of Association?

What are the contents of Memorandum of Association?
What are the disadvantages of company?

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