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Nature & kinds of companies; corporate personality & lifting the veil MCQs with Answers

Practise Nature & kinds of companies; corporate personality & lifting the veil and check your answers.

Question 1

Under which provision of the Companies Act, 2013, will members be liable for a reduction of the statutory minimum number of members, in the Company?

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Question 2

Match List I with List II

LIST ILIST II
A. Salomon v. SalomonI. Doctrine of Indoor Management
B. Lee v. Neuchatel AsphaltII. Reserve Fund
C. Royal British Bank v. TurquandIII. Majority Rights
D. Foss v. HarbottleIV. Lifting of Corporate Veil
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Question 3

A company for charitable purpose may be incorporated as:

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Question 4

A company is vested with a distinct legal personality separate from its members. This was held in which of the following case?

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Question 5

Which of the following is true about an incorporated company?

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Question 6

Under which provision of the Companies Act, 2013, will members be liable for a reduction of the statutory minimum number of members, in the Company?

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Question 7

'A shareholder of a company can enter into a contract with a company because it is a separate legal entity from its shareholders' was held in

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Question 8

"Company is a separate legal entity." It was laid down in

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Question 9

In which of the following cases the court "pierced the veil" of the corporate personality?

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Question 10

Which one is the first case dealing with corporate personality (lifting the corporate veil)

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Practise for these exams

  • CUET PG Law (LL.M.)

  • Bihar Judicial Services

  • University of Delhi LL.M.