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A company may be limited by shares or in the case of a private company by guarantee.

Simmons beautyrest firm. The law number 40 of 2007 on limited liability companies company law has set out the provision on the company capital. These quiz objective questions are helpful for competitive exams. Since then a cumulative process of amendment and consolidation brought us to the most comprehensive and complicated piece of legislation the companies act 1956.

The history of indian company law began with the joint stock companies act of 1850. We provide all important questions and answers from chapter company law. Capital structure of limited liability company.

The limited company is a legal person in its own right and is sued in place of the owners or directors. Business law falls into two distinctive areas. Gkseries provide you the detailed solutions on company law as per exam pattern to help you in day to day learning.

Since the companies act 1980 it is no longer possible to create a company limited by guarantee and having a share capital in the uk. Share warrants can be issued with the prior approval of the a company law board b dept of company affairs c registrar d none ans. You will need a lawyer who can help you decide whether a corporation or limited liability company llc is the better way to organize your business and prepare the necessary paperwork.

If the company failed to comply with the order of nclt they will be punishable with fine and imprisonment up to a 2 years b 3 years c 4 years d none of these ans.

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