How does a person who envisages the idea to form a company called?

(a)

Director

(b)

Company Secretary

(c)

Registar

(d)

Promoter

Which of the following types of shares are issued by a company to raise capital from the existing shareholders?

(a)

Equity Shares

(b)

Right Shares

(c)

Preference Shares

(d)

Bonus Shares

Who can issue stock?

(a)

Public

(b)

Private

(c)

One Person

(d)

Small

Minimum number of members required to apply for incorporation certificate in a Public Ltd company is

(a)

3

(b)

2

(c)

7

(d)

50

List I		List II
i)	Registered debentures	1)	Irredeemable debenture
ii)	Bearer debentures	2)	Charge on the fixed assets
iii)	Perpetual debentures	3)	Negotiable instrument
iv)	Secured debentures	4)	Issued in the name of a particular person

(a)

(i)	(ii)	(iii)	(iv)
2	3	4	1

(b)

(i)	(ii)	(iii)	(iv)
4	3	2	1

(c)

(i)	(ii)	(iii)	(iv)
3	4	2	1

(d)

(i)	(ii)	(iii)	(iv)
1	2	3	4

The ___________ is the charter of a company.

(a)

Memorandum of Association

(b)

Articles of Association

(c)

Both 'a' and 'b'

(d)

None of the above

If the proposed nominal capital is more than Rs. 25 lakhs at the time of incorporation then the company needs to submit ________ along with the application.

(a)

statement of capital

(b)

certificate of incorporation

(c)

certificate of capital

(d)

none of these

____________ is normally decided at the time of subscription.

(a)

Fully convertible debentures

(b)

Optionally convertible debentures

(c)

Non convertible debentures

(d)

Partly convertible debenture

A copy of the __________ must accompany each from of application for shares offered to the public.

(a)

Memorandum of Association

(b)

Prospectus

(c)

Articles of association

(d)

None of the above

__________ share capital has priority both in repayment of dividend as well as capital.

(a)

Equity

(b)

Nonpreference

(c)

Preference

(d)

All of the above