Practice Test

Q1) _____ is a person whose name is entered in the Register of Members. Show Answer

Q2) A person can be called as a Member when the name is entered in _____. Show Answer

Q3) A ______ cannot be a member of a company. Show Answer

Q4) When a person buys shares of a company by filing up an application form, person becomes a member by ______. Show Answer

Q5) _____ means a person ceases being a member of the company of membership. Show Answer

Q6) A member has right to participate in General Meetings means, he has a right to ______. Show Answer

Q7) Every person domiciled in India will be a major when he completes ______ years of age. Show Answer

Q8) ______ is an institution where securities are held in electronic form. Show Answer

Q9) ______ is a legal person. Show Answer

Q10) _____ is person is eligible for membership of a company. Show Answer

Q11) Buying shares is the most common way to become Member of the company. Show Answer

Q12) Both individuals and body corporates can be member of the company. Show Answer

Q13) Legal competency to enter into contracts is one of criteria to become member of the company. Show Answer

Q14) Limited Liability Partnership cannot be a member of the company. Show Answer

Q15) Karta of HUF can be a member of company. Show Answer

Q16) Member of the company is conferred with several rights. Show Answer

Q17) Member is entitled to profits of the company when dividend is declared. Show Answer

Q18) Member of company can attend general and Board meetings of the company. Show Answer

Q19) Right to appoint Director is given to Members. Show Answer

Q20) Minor can be the member of the company. Show Answer

Q21) Member who is subscriber to the Memorandum of Association of a company is a shareholder. Show Answer

Q22) A person below the age of 18years called as minor. Show Answer

Q23) The process of removing the name of a member from the Register of member is call admission of a partner Show Answer

Q24) A person who has been alloted shares of company is called shareholder. Show Answer

Q25) Transfer of shares is by operation of law. Show Answer