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
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.
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
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)
Question : The name of a public company ends with the word-
Option 1: Private Limited
Option 2: Association of Person (AOP)
Option 3: Limited
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
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