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BCL – L1 – SA – Q100 – Companies in Crisis

Type of winding up by special resolution.

Winding up by special resolution passed by the company.

A   Compulsory winding up.

B   Winding up

C   Voluntary winding up

D   All of the above

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BCL – L1 – SA – Q99 – Company Directors

Minimum number of directors in a public company.

Minimum number of directors in public company is

A   3

B   2

C   4

D   1

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BCL – L1 – SA – Q98 – Alternative Forms

Document defining a company’s objects and powers.

……………..lays down the objects and powers of the company.

A   Memorandum of Association

B   Articles of Association

C   Prospectus

D   Statement in lieu

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BCL – L1 – SA – Q97 – Alternative Forms

Content of the registered office clause in the memorandum.

Registered Office clause of memorandum of Association contain

A   The complete postal address

B   The name of Registrar of companies

C   The name of City/ Town only and not that of the state

The name of the state in which registered office of the company is to situate.

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BCL – L1 – SA – Q96 – Alternative Forms

When a company is considered incorporated.

company is said to be incorporated when it is registered with registrar of the company.

A   Licensing

B   Government

C   Existing

D   Joint stock

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BCL – L1 – SA – Q95 – Alternative Forms

Definition of a voluntary association for social or economic goals.

…………………refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economic goal.

A   Illegal Association

B   Partnership

C   Incorporation

D   Company

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BCL – L1 – SA – Q94 – Alternative Forms

Classification of companies by member liability.

Company may be companies limited by shares companies limited guarantee, unlimited companies.

A   Number of members

B   Liability of members

C   Registered

D   Incorporation

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BCL – L1 – SA – Q93 – Alternative Forms

Minimum and maximum members of a private company.

Minimum and maximum constitute a private limited company.

A   2 of 10

B   7 of unlimited

C   2 of 15

D   2 of 50

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BCL – L1 – SA – Q92 – Alternative Forms

Entity with perpetual succession and common seal.

……………….is a legal person which capable of perpetual succession and common seal.

A   Company

B   Firm

C   Voluntary Association

D   Partnership

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BCL – L1 – SA – Q91 – Company Directors

Liability of a director acting dishonestly.

Where a director acts dishonestly to the interest of the company. He will be held liable for

A   Negligence

B   Malefice acts

C   Ultra-virus acts

D   Breach of fiduciary duty

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