Related InterviewSolutions

• One man control is best in the world if that one man is big enough to manage everything . Explain the statement .
• "Working for oneself provides personal satisfaction" . Which merits of sole proprietorship is highlighted in this statement ?
• If the assets of a company are not enough to pay off its liabilities , personal assets of its shareholders may be taken over for the purpose . True / False ? Give reason.
• Name the type of company in which there is restriction on the maximum number of members . What is that number ?
• Is it necessary for a public company to get its share listed on a stock exchange? What happens if a public company going for a public issue fails to apply to a stock exchange for permission to deal in its securities or fails to get such permission?
• Yamuna Ltd., invited general public to subscribe for its public issue of ₹ 10 crore (10 lakh shares of ₹ 100 each ) through issue of prospectus . However , the company received applications for 8 lakh shares . Can the company proceed with allotment of shares ? Give reasons in support of your answer .
• You are a business consultant . Mr . Madanpal has recently retired from government service . He is 60 years old and he wants to set up a factory to manufacture plastic goods . He has come to consult you so that you may suggest to him the most suitable form of business organisation . The following are his main expectations from the business organisation . (i) Ease in formation, (ii) Flexibility in operations, (iii) Sharing of profits with limited persons and (iv) Sufficient persons to look after various business activities . Which form of business organisation will you suggest to Mr. Madanpal ? Give reason in support of your answer .
• It is necessary to get every company incorporated , whether private or public . True / False ? Give reason.
• Explain how company is an artificial person.
• Bharat Pvt. Ltd. Was promoted 2005 by a group of five friends. As business of the company has grown considerably over the years, its management is now planning to convert it into a bublic company and raise funds through public subscription of funds for expansion projects. State any four privileges that company will have to forego to convert in public ltd. company.