Question # 1

People who run the management of a joint stock company are

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Shareholders

Creditors

Directors

Debentureholders

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 them

What are the possibilities to wind up a company:

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Voluntary winding up

Voluntary winding up under the supervision of court

Violent winding up by the court

All of them

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation:

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6 months

9 months

12 months

16 months

For how much time the directors are selected in a public ltd. company

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2 years

3 years

7 years

10 years

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

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Shareholders

Creditors

Directors

Debenture holders

The details of the allotted shares is mentioned in:

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Statutory report

Annual meeting report

Special meeting report

All of them

The objective of a statutory meeting is:

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To raise funds

To settle preferences

To win the confidence of company's shareholders

To sell the shares

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

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

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Seven

Nine

Eleven

Two

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

Who can be a director of a company

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Immature/Minor

Artificial person

Representative of the creditor

Insolvent person

Who can be a director of a company:

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Immature / Minor

Artificial person

Representative of the creditor

Insolvent person

An ordinary resolution is passed for:

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Winding up of company

Section of statutory company

Not announcing the dividend

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

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

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