Question
Which of the following is incorrect with respect to the
information that are required to be incorporated in the Memorandum of Association of a Company?Solution
Companies Act Section 4 Memorandum- (1) The memorandum of a Company shall state— (a) the name of the company with the last word 'Limited' in the case of a public limited company, or the last words 'Private Limited' in the case of a private limited company; (b) the State in which the registered office of the company is to be situated; (c) the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof; (d) the liability of members of the company, whether limited or unlimited; (e) in the case of a company having a share capital,— (i) the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount and the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share; and (ii) the number of shares each subscriber to the memorandum intends to take, indicated opposite his name; (f) in the case of One Person Company , the name of the person who in the event of death of the subscriber shall become the member of the company.
Which component of an insurance policy includes the name, logo, and contact details of the insurer?
What is a life insurance policy that remains in force for the policyholder’s lifetime?
A policy that covers the risk of theft of goods from a shop is:
Which of the following is not a Insurance Intermediary?Â
Personal and business property coverage combining several types of property insurance in one policy is called?
What is the main role of an insurance underwriter?
In the context of insurance, what does "exposure" refer to?
Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later is known as?
Which is liability coverage for contents within a renter’s residence?
Market is a place of ______.