(3) If a company was incorporated before 1984, then it is an existing company.

(1) Company limited by shares means a company having the liability of its members limited to the amount, if any, unpaid on the shares respectively held by them.

(3) Debentures are debt securities and equity securities both.

(2) Any person occupying the position of a director is a director of company.

(2) Transfer of shares in case of private company is restricted.

(4) “Association not for profits” are exempted to add “Ltd” or “Pvt Ltd” at the end of their name.

(3) If a company or undertaking is subsidiary of another, then it is called an associated company.

(2) Articles of association contain the rules that govern the management of the internal affairs of a company.

(3) For an associated company, minimum 20% shares should be directly or indirectly controlled by a person.

If a person is the owner of or director in a company or undertaking or who controls shares not less then 10%, he has voting power.

(1) A body corporate or corporation under Companies Act, 2013 is a company incorporated outside India.

CEO of company is entrusted with substantial powers of management.

(3) A government gazette, also known as official gazette, official journal, official newspaper or official diary is a periodical publication that records the business and proceedings of a government and has been authorised to publish public or legal notices.

(1) Books and papers of an account are the same.

(3) A member is an entity that can own property, sue or be sued.