Q139. The certificate to commence business can be obtained only after _________ of the company.
a. certificate to commence business
b. floatation
c. objects
Answer
b. floatation
Q140. The certificate to commence business entitles the company to commence business given in the main _________ clause of the memorandum.
a. floatation
b. objects
c. True
Answer
b. objects
Q141. In the case of an unlimited company, liability clause need not be given in the memorandum.
a. True
b. False
Q142. The memorandum is to be printed, divided into paragraphs, numbered consecutively and signed by at least seven persons in the case of a public company in the presence of at least one witness.
a. True
b. False
Answer
a. True
Q143. The liability clause defines the objects of the company and indicates the sphere of its activities.
a. True
b. False
Answer
b. False
Q144. Any act done outside the express or implied objects is ultra vires.
a. True
b. False
Answer
a. True
Q145. Any property acquired by a company under an ultra vires transaction may be protected by the company against damage by third persons.
a. True
b. False
Answer
a. True
Q146. If the directors of a company have exceeded their authority and done something then such matter cannot be ratified by the general body of the shareholders, even if the memorandum of association of company provided the company has the capacity to do it.
a. True
b. False
Answer
b. False
Q147. The directors and other officers cannot be held liable to compensate the company for any loss occasioned to it by an ultra vires act.
a. True
b. False
Answer
b. False
Q148. The shifting of the registered office from one State to another can be done, by an ordinary resolution in which no confirmation is required by the Central Government.
a. True
b. False
Answer
b. False
Q149. The liability of a member of a company cannot be increased unless the member agrees in writing.
a. True
b. False
Answer
a. True
Q150. A company can alter its object clause in order to carry on its business more economically and more efficiently.
a. True
b. False
Answer
a. True
Q151. Alteration of memorandum do not allow change of registered office from one premises to another premises in the same city.
a. True
b. False
Answer
b. False
Q152. The words National, Union, Central, President, Rashtrapati, etc., can be used as a part of the name of a new company.
a. True
b. False
Answer
b. False
Q153. If the name is identical with or too nearly resembles the name by which a company is already registered then such names are considered undesirable for a new company.
a. True
b. False
Answer
a. True
Q154. A name for a company, which suggests a business, which is not proposed to be undertaken by it, shall be considered to be desirable.
a. True
b. False
Answer
b. False
Q155. A proposed name, which is the exact Hindi translation of the name of an existing company will be allowed.
a. True
b. False
Answer
b. False
Q156. Section 26 states that a public company limited by shares may register articles of association, signed by the subscribers to the_________
a. False
b. memorandum
c. Stamp Act
Answer
b. memorandum
Q157. Articles are to be stamped with requisite stamp under the _________and filed with the registrar along with the memorandum.
a. memorandum
b. Stamp Act
c. Table A
Answer
b. Stamp Act
