The minimum paid up capital of a private company is:
5 lakhs
1 lakh
2 lakhs
10 lakhs
A partner who allows the use of his/her name by a firm, but does not contribute to its capital.
Active
Dormant
Nominal
Secret
Liability of a minor partner is:
Unlimited
Limited
No liability
None of these
A company form of organization is governed by the:
Parliament Act
Companies Act,1956
Companies Act,1947
The capital of a company is divided into number of parts known as:
Dividend
Profit
Interest
Share
A private company can start a business as soon as it receives the:
Certificate of Registration
Certificate of Incorporation
Certificate of Commencement
Certificate of Filing the Registration
The head of Joint Hindu family business is popularly known as:
Manager
Director
Proprietor
Karta
The maximum number of partners allowed in the banking business is:
20
10
5
No limit
Which organisation has to wait for the receipt of 'Certificate of Commencement' before it can start a business?
Private company
Public company
Sole proprietorship
Partnership
The capital of a society can be raised through:
Issue of debentures
Issue of shares
Issue of bonds