P-3 (Company Law) 2011-2

Sr. Questions A B C D
Has separate & distinct personality from its Sole
1 Partnership Company Co- ownership
members who constitute it. Proprietorship
Are bonds or deeds which evidence the loan create
2 Debentures Shares Dividends Prospectus
the security for repayment
3 MOA of Public Coy must be signed by at least Two Five Three Nine

Liability clause of members in Ltd company must

4 AOA MOA Prospectus Annual Report
be mentioned in
5 Promoter is a term of Law Commerce Business Computer

The maximum amount which the company is Registered

6 Unpaid Capital Reserve Capital Debenture Capital
authorized to raise Capital
___ in a company has been defined as the liability
7 Debenture Share Dividend Prospectus
in first place
__ are its bye- laws or rules that govern
8 AOA MOA Prospectus Annual Report
management of its internal affairs
9 __ is one who undertakes to form a company Director Chief Executive Shareholder Promoter

Company willing to raise capital or depostits from

10 AOA MOA Prospectus Annual Report
Public must issue

11 Partnership Act, 1932 came into force on Jul 1,1932 Aug 1,1932 Sep 1, 1932 Oct 1, 1932

Before Partnership Act, 1932, the law of

12 IX X XI XII
partnership was dealt within Chapter__
Partnership Act, 1932 "Act of Firm" includes- By all
13 Act or Omission Act & Omission Act or Acting Act & Acting
partners any
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

17 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
18 None
an outsider of all partners all partners some partners

In a Partnership the liablity of the partners is

19 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
20 Unlimited time continues after All
formed for after period
completion of
expiry
project