P-3 (Company Law) 2011-1

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 Reserve Debenture

6 Unpaid Capital
authorized to raise Capital Capital 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
Chief
9 __ is one who undertakes to form a company Director
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 Act or Act &
13 Act or Acting Act & Acting
partners any Omission Omission

Can't take Can take

A Partner whose membership is kept secret from is called an is called junior
14 active part in active part in
outsiders agent partner
management management

Partnership
15 A co- ownership is regulated by Separate Act Not Regulated
Act, 1932
None

Every trade, Every

Every type of Every trade &
16 In Partnership Act, 1932 Business include business services
occupation & occupation &
profession services

17 Sec 69 of Partnership Act, 1932 enforced Jul 1,1933 Aug 1,1933 Sep 1, 1933 Oct 1, 1933

without with consent

A partner can transfer his share in partnership to with consent
18 consent of all of some None
an outsider of all partners
partners partners

In a Partnership the liablity of the partners is Ltd &

19 Ltd by Shares Unlimited None
______ Unlimited
a particular
Limited period project & it
A partnership is called Partnership at will when it is Unlimited & it continues continues
20 All
formed for time after period after
expiry completion of
project