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Questions and Answers
What is the primary document that contains the rules and regulations for the internal management of a company?
What is the primary document that contains the rules and regulations for the internal management of a company?
- Memorandum of Understanding
- Articles of Association (correct)
- Charter of Incorporation
- Company Bylaws
What is the legal document that sets out the company's constitution and objectives?
What is the legal document that sets out the company's constitution and objectives?
- Certificate of Incorporation
- Charter of Organization
- Memorandum of Association (correct)
- Company Manifesto
Which type of company is considered a separate legal entity from its owners and is liable for its own debts?
Which type of company is considered a separate legal entity from its owners and is liable for its own debts?
- Private Limited Company
- Partnership Firm
- Sole Proprietorship
- Public Limited Company (correct)
What is the primary legislation governing companies in India?
What is the primary legislation governing companies in India?
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Which document outlines the company's objectives and the extent of its powers?
Which document outlines the company's objectives and the extent of its powers?
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What is the legal term for ending the existence of a company?
What is the legal term for ending the existence of a company?
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