Legal Aspects Of Business - Study Mode

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[#146] Study the following statements and give your answer: When a promoter moves the Registrar of Companies for registration, the application must among others, be accompanied by: I. Memorandum and Articles of Association II. Written consent of the Directors III. Address of the Registered Office IV. Names and addresses of the promoters

(A) I and II are correct

(B) II and III are correct

(C) II and IV are correct

(D) III and IV are correct

Correct Answer

(A) I and II are correct

[#147] Which of the below is not included in goods as per Sales of Goods Act, 1930?

(A) Forming part of land

(B) Stocks

(C) Actionable claims

(D) Crop

Correct Answer

(C) Actionable claims

[#148] "A person dealing with a company must satisfy himself that the company has power to enter into the proposed transaction." This is the requirement of:

(A) Doctrine of Ultra Vires

(B) Doctrine of Indoor Management

(C) Doctrine in Constructive Notice

(D) Doctrine of 'Buyer beware'

Correct Answer

(C) Doctrine in Constructive Notice

[#149] How many times a company helds statutory meeting in its lifetime?

(A) One

(B) Two

(C) Three

(D) Every year

Correct Answer

(A) One

[#150] Consider the following statements: Assertion (A): Persons dealing with the company shall be within their rights to assume that the provisions of Articles have been complied with by the company in its internal working. Reason (R): Every person who deals with a company is not supposed to have read and understood the Memorandum and Articles of the company. Now select your answer:

(A) Both A and R are true and R is the correct explanation of A

(B) Both A and R are true but R is not the correct explanation of A

(C) A is true but R is false

(D) A is false but R is true

Correct Answer

(C) A is true but R is false