Company Law Basics
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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?

  • 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?

  • 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?

  • Private Limited Company
  • Partnership Firm
  • Sole Proprietorship
  • Public Limited Company (correct)

    • What is the primary legislation governing companies in India?

    <p>The Companies Act, 2013</p> Signup and view all the answers

    Which document outlines the company's objectives and the extent of its powers?

    <p>Memorandum of Association</p> Signup and view all the answers

    What is the legal term for ending the existence of a company?

    <p>Winding up</p> Signup and view all the answers

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