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Questions and Answers
According to the Companies Act, 2013, to whom does the property of a company belong?
According to the Companies Act, 2013, to whom does the property of a company belong?
- Shareholders
- Company (correct)
- Members
- Promoters
Can a shareholder of a company use the company's property for personal purposes without entering into a contract with the company?
Can a shareholder of a company use the company's property for personal purposes without entering into a contract with the company?
- No (correct)
- Partly Yes
- Yes
- Partly No
Under which section of the Companies Act, 2013 is the term 'Company' defined?
Under which section of the Companies Act, 2013 is the term 'Company' defined?
- Section 2 (20) (correct)
- Section 2 (3)
- Section 2 (10)
- Section 2 (4)
What is the minimum number of partners required under a Partnership Firm?
What is the minimum number of partners required under a Partnership Firm?
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True or False: A Partnership firm is a separate legal entity from its partners.
True or False: A Partnership firm is a separate legal entity from its partners.
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