Sample Questions

1. The term company is defined under which sec of the Act?

A. Sec 3 (1)
B. Sec 4 (2)
C. Sec 2 (4)
D. Sec 1 (3)

2. Property of the company belongs to

A. Company
B. Share holders
C. Members
D. Promoters

3. Which company shares can be freely transferable

A. Private Company
B. Public Company
C. Both (a) & (b)
D. None of the above

4. Minimum number of members in case of public company

A. 1
B. 2
C. 5
D. 7

5. Minimum number of members in case of private company is

A. 1
B. 2
C. 3
D. None of the above

Answers: 1 (A), 2 (A), 3 (A), 4 (D), 5 (B)

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Company Law Sample Questions