Law and You > Corporate Laws > Companies Act, 2013 >Concept Application 2.1 MCQs on Types of Companies
This article provides MCQs on types of companies based on Section 2 (Definitions) and some corresponding basic information related with the definitions from the Companies Act, 2013
Q1. Under which section of Companies Act 2013, the term Formation of Company has been defined?
(a) Section 1(3)
(b) Section 3(1)
(c) Section 4(2)
(d) Section 2(4)
Q2. What is the minimum number of persons required to form a public company?
(a) 1
(b) 2
(c) 5
(d) 7
Q3. What is the minimum number of persons required to form a private company?
(a) 1
(b) 2
(c) 5
(d) 7
Q4. What is the minimum number of directors required in a private company?
(a) 1
(b) 2
(c) 3
(d) 4
Q5. What is the minimum number of directors required in a public company?
(a) 1
(b) 2
(c) 3
(d) 4
Q6. What is the maximum number of persons required to form a public company?
(a) 50
(b) 100
(c) 200
(d) Unlimited
Q6. What is the maximum number of persons required to form a public company?
(a) 50
(b) 100
(c) 200
(d) Unlimited
Q7. What is the maximum number of persons required to form a private company?
(a) 50
(b) 100
(c) 200
(d) Unlimited
Q8. What is the minimum paid up capital required to incorporate a private company?
(a) Rs 1 lakh
(b) Rs 5 lakh
(c) Rs 10 lakh
(d) No minimum paid-up capital requirements
Q9. What is the minimum paid up capital required to incorporate a public company?
(a) Rs 1 lakh
(b) Rs 5 lakh
(c) Rs 10 lakh
(d) No minimum paid-up capital requirements
Q10. The earliest form of incorporation of company is
(a) Statutory company
(b) Chartered company
(c) Registered company
(d) Dormant company
Q11. Which new type of company was introduced in Companies Act 2013?
(a) One Person Company
(b) Two Person Company
(c) Limited Liability Partnership
(d) Public Private Partnership
Q12. Example of statutory company is
(a) Life insurance corporation
(b) Hindustan Gas Limited
(c) Indian Hotels Limited
(d) Bharat Petroleum Limited
Q13. Private Company is defined under which section of the Companies Act, 2013
(a) Sec 2(68)
(b) Sec 2(86)
(c) Sec 3(68)
(d) Sec 3(86)
Q14. Public Company is defined under which section of the Companies Act, 2013
(a) Sec 2(54)
(b) Sec 2(44)
(c) Sec 2(71)
(d) Sec 2(17)
Q15. Government Company is defined under which section of the Companies Act, 2013
(a) Sec 2(45)
(b) Sec 2(54)
(c) Sec 2(44)
(d) Sec 2(55)
Q16. Holding & Subsidiary Company is defined under which section of the Companies Act, 2013
(a) Sec 2(43)
(b) Sec 2(44)
(c) Sec 2(45)
(d) Sec 2(46)
Q17. Foreign Company is defined under which section of the Companies Act, 2013
(a) Sec 2(41)
(b) Sec 2(42)
(c) Sec 2(43)
(d) Sec 2(44)
Q18. One Person Company is defined under which section of the Companies Act, 2013
(a) 2(61)
(b) 2(62)
(c) 2(63)
(d) 2(64)
Q19. Minimum Paid up share capital of Small Company is
(a) 50 lakh
(b) 4 crore
(c) 1 crore
(d) 5 lakh
Q20. Maximum Paid up share capital of Small Company is
(a) 1 crore
(b) 5 crore
(c) 10 crore
(d) 50 crore
Q21. Maximum turnover specified for Small Company is
(a) 10 crore
(b) 50 crore
(c) 100 crore
(d) 500 crore
Q22. The official signature of a company is called:
(a) Prospectus
(b) Debentures
(c) Shares
(d) Common seal
Q23. The word limited should appear after the name of
(a) Partnership
(b) Registered company
(c) Statutory company
(d) Chartered company
Q24. Section 455 of the Companies Act, 2013 deals with
(a) Small Company
(b) One Person Company
(c) Dormant Company
(d) Producer Company
Answers:
| Q1. | (b) | Q2. | (d) | Q3. | (b) | Q4. | (b) |
| Q5. | (c) | Q6. | (d) | Q7. | (c) | Q8. | (d) |
| Q9. | (d) | Q10. | (b) | Q11. | (a) | Q12. | (a) |
| Q13. | (c) | Q14. | (c) | Q15. | (a) | Q16. | (d) |
| Q17. | (b) | Q18. | (b) | Q19. | (b) | Q20. | (c) |
| Q21. | (c) | Q22. | (d) | Q23. | (b) | Q24. | (d) |