Company characteristics
Understanding Company Characteristics Quiz
Test your knowledge of corporate structures and legal definitions with our engaging quiz on company characteristics. This quiz features questions that will challenge your understanding of the nature of companies, their legal status, and the principles governing them.
- Multiple choice questions
- Learn about the Companies Act and its implications
- Explore the concept of limited liability
Company is:
A dead person
An alive person
An artificial person
None of these
Which of the companies act applies on the indian companies?
1955
1956
2002
2013
The existence of the company is:
Perpetual
Temporary
Limited
None of these
The company and its members are:
Seperate entities
Same entities
Mixed entities
None of these
A company is Incorporated in india, but all its members are the americans. Such company is:
An Indian company
An american company
An illegal company
A Government company
A company is an artificial legal person with a perpetual succession because:
It never dies
Its life depends on the life of it's member
It is created by law and can be dissolved by law
All of the above
Limited liability means liability, of its:
Debtors are limited
Creditors are limited
Members are limited
Debunture holders are limited
Corporate veil can be pierced if the company:
Makes profit
Incurs losses
Does not declare dividend
Evades taxes
When all the members of a company died in an air crash:
The company loses its existence/life
The company is auctioned by the government
The company remains to carry on its business
None of the above
A company is an artificial legal person having:
Seperate legal entities
Perpetual succession
Common seal
All of the above
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