Advertisements
Advertisements
Question
Explain the following term/concept.
Dormant company
Solution
(1) A company which is registered for a future project, but not yet made any significant accounting transactions in the last two years and also not yet filed financial statements or annual returns in the last two years, after making an application under Section 455, is called dormant company.
(2) Dormant companies may develop and function properly in the near future.
APPEARS IN
RELATED QUESTIONS
Short Answer Question
What is private limited company?
Short Answer Question
What do you mean by a listed company?
Correct the underlined word and rewrite the following sentence.
A Subsidiary Company holds more than half of the total share capital of another company.
Correct the underlined word and rewrite the following sentence.
A public Company can have maximum 200 Membesrs.
Explain the following term/concept.
Associate company
Explain the following term/concept.
Limited Liability
Explain the following term/concept.
Listed company
Study the following case/situation and express your opinion.
Two promoters got ‘Super Drinks Pvt. Ltd.’ incorporated on 18th Jan, 2018. The company has 100 members as on 31st Mar, 2019.
a) What is the maximum number of members this company can have?
b) Can this company invite the general public to subscribe for shares?
c) Can the shareholders of the company sell its shares to outsiders?
Distinguish between the following:
Sole Trading concern and Joint Hindu Family Business.
Choose the Correct Answer.
Companies established as a result of a charter granted by the King or Queen of a country is called _________
What is meant by Chartered Company?
What is meant by a Government Company?
Securities Premium Reserve collected by the company can be used for ______.
Restricts the right to transfer of shares for ______.
Authorised Capital is also known as ______.
Minimum number of members in a Private Company ______.
Minimum Capital of a Private Company.
