Question # 1

To whom does the directors of a company submit the copy of profit and loss account:

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Company's registrar

Company's auditor

Company's creditor

None of these

What is not necessary for a private company:

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Statutory meeting

Statutory report

Both (a) & (b)

None of these

What are the possibilities to wind up a company

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Voluntary winding up

Voluntary winding up under the supervision of court

Voilent winding up by the court

All of them

The objective of a statutory meeting is

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To raise funds

To settle preference

To gain the confidence of company's shareholders

To sell the shares

People who run the management of a joint stock company are:

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Shareholders

Creditors

Directors

Debenture holders

Issuance of notice about statutory meeting is the responsibility of:

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Promoters

Shareholders

Company secretary

Directors

The minimum number of directors in a public ltd. company:

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Seven

Nine

Eleven

Two

After the formation of a company, what is the first meeting of shareholders is called

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Statutory meeting

Annual general meeting

Extra ordinary meeting

None of these

Who provides the capital for co-operative society:

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Government

Members

Banks

None of these

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Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test MCQs With Answers

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