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Questions and Answers
Which type of company in India has members with unlimited liability?
Which type of company in India has members with unlimited liability?
- Company limited by guarantee (correct)
- Listed company
- Public company
- Private company
What is the key feature of a dormant company?
What is the key feature of a dormant company?
- It is not required to pay taxes
- It has no shareholders
- It is not required to file annual accounts and returns (correct)
- It has no employees
In which type of company do the members have a guarantee, rather than a share capital, to contribute in case of insolvency?
In which type of company do the members have a guarantee, rather than a share capital, to contribute in case of insolvency?
- Dormant company
- Associate company
- Company limited by guarantee (correct)
- Listed company
What does 'Perpetual Succession' mean in relation to a company?
What does 'Perpetual Succession' mean in relation to a company?
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Which type of company is required to disclose its financial information to the public regularly?
Which type of company is required to disclose its financial information to the public regularly?
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