1041. The liability of members if company is limited by shares
A. Unpaid value of shares
B. Guarantee amount
C. Unlimited liability
D. None of the above
✅ The correct answer is option A.
SSC
1042. Quorum should be present at the
A. Commencement of meeting
B. Middle of the meeting
C. End of the meeting
D. Any time during meeting.
✅ The correct answer is option D.
1043. The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called
A. Agent
B. Mercantile agent
C. Partner
D. None of above
✅ The correct answer is option B.
1044. The association clause of a public company must be signed by:
A. 10 persons
B. 12 persons
C. 7 persons
D. 5 persons
✅ The correct answer is option C.
1045. The voluntary transfer of possession from one person to another is called
A. Transfer
B. Change of possession
C. Delivery
D. None of above
✅ The correct answer is option C.
1046. Memorandum of association governs the relationship of the company:
A. With the outside world
B. With the shareholders
C. With other companies
D. of the above
✅ The correct answer is option A.
1047. AOA is a
A. Public document
B. Managerial document
C. Private document
D. Internal document
✅ The correct answer is option D.
1048. Alteration of objects clause of MOA of a company requires
A. Special resolution
B. Approval of CLB
C. Ordinary resolution
D. Approval of ROC
✅ The correct answer is option A.
1049. Ultra vires means
A. Beyond the powers
B. Within the powers
C. Both
D. None of the above
✅ The correct answer is option A.
1050. In the MOA there are 7 clauses. We can alter all clauses expect one clause. What is that clause?
A. Objects clause
B. Name clause
C. Association clause
D. None of these
✅ The correct answer is option C.