Company : An Introduction
Telangana Open School (TOSS) · Class 12 · Accountancy
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Quick Quiz: Company : An Introduction
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What does the suffix 'Ltd.' in a company's name indicate?
Which of the following is an artificial legal person?
What is the minimum number of members required to form a private company?
Which type of company has unlimited liability?
Sample Questions
What is the face value of a share also known as?
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Nominal value
The face value of a share is also called its nominal or par value.
Which of the following companies is formed by a Special Act of Parliament?
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Statutory company
Statutory companies are created by a special act of Parliament or state legislature, like RBI or LIC.
What is the minimum paid-up capital for a private company?
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₹1 lakh
As per the Companies Act, a private company must have a minimum paid-up capital of ₹1 lakh.
Which of the following is NOT a characteristic of a company?
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Unlimited liability
Companies generally have limited liability. Unlimited liability is a feature of sole proprietorship or partnership.
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