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Meaning of Debentures

Characteristi...

Question

Characteristics of a company are ________.
(I) transferability of profits
(II) property of company is joint property of shareholders
(III) compulsory Common Seal
Select the correct the answer from the options given below-

A

(I) & (II)

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B

(II) & (III)

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C

(III) & (I)

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D

None of the above

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Solution

The correct option is D None of the above
The following are the characteristics of a company:
Separate Legal Entity
Limited Liability
Perpetual Succession
Separate Property
Transferability of Shares
Common Seal
Capacity to sue and being sued
Separate Management
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Q. Which of the following can be treated as the official signature of the company?

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2.

A common seal
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Q. A company secretary plays a vital role in company administration. His role can conveniently be studied
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(II) As a key managerial personnel
(III) As a coordinator
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Q. A private company means a company which by its articles _______
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(iii) Prohibits any invitation to the public to subscribe for any security
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Q. On which of the following companies, the Companies Act, 2013, confers certain privileges?
(i) Private Companies
(ii) One Person Company
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