i. A company is _______ (a) a human being (b) an artificial person created by law (c) a natural individual
Select the correct answer from the options given below and rewrite the statement:
i. A company is _______
(a) a human being
(b) an artificial person created by law
(c) a natural individual
ii. _______ are the persons who undertake the process of formation of a company.
(a) Promoters
(b) Directors
(c) Registrar of companies
iii. A _______ company needs minimum two or more members.
(a) Public
(b) Private
(c) One person Company
iv. In a public company there must be minimum _______ or more members.
(a) one
(b) two
(c) seven
v. _______ refers to contracts entered into by the promoters on behalf of a proposed company.
(a) Pre-incorporation/Prehminary contracts
(b) Fiduciary contracts
(c) Memorandum of Association
1 Answers
i. (b) an artificial person created by law
ii. (a) Promoters
iii. (b) Private
iv. (c) seven
v. (a) Pre-incorporation/Preliminary contracts