P-3 (Company Law) 2012-1

Sr. Questions A B C D
Has separate & distinct personality from its Sole
1 Partnership Company Co- ownership
members who constitute it. Proprietorship

2 Promoter is a term of Law Commerce Business Computer

___ in a company has been defined as the liability

3 Debenture Share Dividend Prospectus
in first place
4 __ is one who undertakes to form a company Director Chief Executive Shareholder Promoter

Company willing to raise capital or depostits from

5 AOA MOA Prospectus Annual Report
Public must issue
Before Partnership Act, 1932, the law of
6 IX X XI XII
partnership was dealt within Chapter__
In Partnership Act, 1932 "Act of Firm" includes- By
7 Act or Omission Act & Omission Act or Acting Act & Acting
all partners any
8 In a Partnership the liablity of the partners is Ltd by Shares Unlimited Ltd & Unlimited None

a particular
Limited period &
project & it
A partnership is called Partnership at will when it is it continues
9 Unlimited time continues after All
formed for after period
completion of
expiry
project

Are bonds or deeds which evidence the loan, create

10 Debentures Shares Dividends Prospectus
the security for repayment
11 MOA of Public Coy must be signed by at least Two Five Three Nine

Liability clause of members in Ltd company must be

12 AOA MOA Prospectus Annual Report
mentioned in
13 Partnership Act, 1932 came into force on Jul 1,1932 Aug 1,1932 Sep 1, 1932 Oct 1, 1932
Can't take active Can take active
A Partner whose membership is kept secret from is called an is called junior
14 part in part in
outsiders agent partner
management management
Partnership Act,
15 A co- ownership is regulated by Separate Act Not Regulated
1932
None

Every trade,
Every type of Every trade & Every occupation
16 In Partnership Act, 1932 Business include business services
occupation &
& services
profession
This is the maximum amount which the company is Registered
17 Unpaid capital Reserve capital Debenture capital
authorized to raise. Captial

18 Sec 69 of Partnership Act, 1932 enforced Jul 1,1933 Aug 1,1933 Sep 1, 1933 Oct 1, 1933

A partner can transfer his share in partnership to without consent with consent of with consent of
19 None
an outsider of all partners all partners some partners

__ are its bye- laws or rules that govern

20 AOA MOA Prospectus Annual Report
management of its internal affairs