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 Chapter 7A   Elements of Company Law MCQ 1. The term Company derived from the  ____________ words a. English b. French c. Latin d. Indian 2. Section __________ of the Companies Act, 1956  defines the Company a. 2 b. 3 c. 30 d. 31 3. Private company is defined in : a. Section 3(1)(iii) b. Section 2 c. Section 3(1)(ii) d. None of the above 4. The main characteristics of a company are: a. Corporate Personality b. Common Seal c. Perpetual Succession d. All of the above 5. Salomon v. Salomon & Co. Ltd. 1897, AC 22  established the principle of: a. Corporate personality of company b. Legality of company c. Nationality of company d. Meaning of company 6. Company will have fundamental rights: a. True b. False c. Partly true d. None of the above 7. An association for profit requires ______________  from the Central Government. a. Registration  b. Licence  c. Certification  d. None of the above 8. The features of a company do not include the  following: a. It has corporate personality b. It

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