Question : Liability of the members is limited upto the amount he guaranteed to contribute in the event of winding up is called as-
Option 1: Statutory Company
Option 2: Guarantee Company
Option 3: Chartered Company
Option 4: None of the Above

Question

Question : Ram is the personal manager of X limited company. He have been directed by the directors of the company to select a chartered accountant for the company. Which of the following process he will choose?

Option 1: Recruitment
Option 2: Selection
Option 3: Training
Option 4: None of the above

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Answer 1

Correct Answer: Guarantee Company

Solution : Liability of the members is limited upto the amount he guaranteed to contribute in the event of winding up is called as Guarantee Company.

Hence the correct answer is option 2.

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Question : Liability of the members is limited upto the amount he guaranteed to contribute in the event of winding up is called as-Option 1: Statutory CompanyOption 2: Guarantee CompanyOption 3: Chartered CompanyOption 4: None of the Above

Related Questions

Question : Ram is the personal manager of X limited company. He have been directed by the directors of the company to select a chartered accountant for the company. Which of the following process he will choose? Option 1: RecruitmentOption 2: SelectionOption 3: TrainingOption 4: None of the above

Question : Debenture holders have first right in the event of a company's liquidation for:Option 1: Interest AmountOption 2: Principal AmountOption 3: Both (a) and (b)Option 4: None of the above

Question : The name of a public company ends with the word-Option 1: Private LimitedOption 2: Association of Person (AOP)Option 3: LimitedOption 4: None of the Above

Question : Liability of shareholder is limited to...............of the shares allotted to him.Option 1: Called up ValueOption 2: Face ValueOption 3: Paid up ValueOption 4: Reserve Price

Question : The portion of the capital that may only be accessed during the company's dissolution/winding up is referred to as-Option 1: Called up CapitalOption 2: Authorised CapitalOption 3: Nominal CapitalOption 4: Reserve Capital

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Question : Liability of the members is limited upto the amount he guaranteed to contribute in the event of winding up is called as-
Option 1: Statutory Company
Option 2: Guarantee Company
Option 3: Chartered Company
Option 4: None of the Above

Question : Debenture holders have first right in the event of a company's liquidation for:
Option 1: Interest Amount
Option 2: Principal Amount
Option 3: Both (a) and (b)
Option 4: None of the above

Question : The name of a public company ends with the word-
Option 1: Private Limited
Option 2: Association of Person (AOP)
Option 3: Limited
Option 4: None of the Above

Question : Liability of shareholder is limited to...............of the shares allotted to him.
Option 1: Called up Value
Option 2: Face Value
Option 3: Paid up Value
Option 4: Reserve Price

Question : The portion of the capital that may only be accessed during the company's dissolution/winding up is referred to as-
Option 1: Called up Capital
Option 2: Authorised Capital
Option 3: Nominal Capital
Option 4: Reserve Capital