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    What is the purpose of the Company Act, 2063?

    To simplify company establishment and enhance transparency.

    What defines a private company?

    Limited to a maximum of 100 shareholders.

    How does a public company differ from a private company?

    Public companies can have unlimited shareholders.

    What is a subsidiary company?

    A company controlled by a parent company.

    What is the role of a registrar in company formation?

    To oversee the registration and compliance of companies.

    What happens if a company fails to comply with the Act?

    It may face penalties or dissolution.

    What is a memorandum in the context of a company?

    A document outlining the company's objectives and structure.

    What is the significance of a company's share capital?

    It represents the total value of shares issued by the company.

    What is a bonus share?

    Shares issued to existing shareholders from company profits.

    What defines a shareholder?

    An individual or entity owning shares in a company.

    What is the maximum number of shareholders in a private company?

    One hundred shareholders.

    What is the implication of limited liability for shareholders?

    They are only liable for the company's debts up to their investment.

    What is a public company?

    A company that can sell shares to the public.

    What is the requirement for a company to be registered?

    Submission of necessary documents to the registrar.

    What is the purpose of the company's articles of association?

    To govern the internal management of the company.

    What is a director's role in a company?

    To manage the company's affairs and make strategic decisions.

    What is the difference between a public and a private company?

    Public companies can offer shares to the general public.

    What is a company seal?

    A stamp used to authenticate documents of the company.

    What is the significance of the company's name registration?

    It prevents other companies from using the same name.

    What is the role of the board of directors?

    To oversee the company's management and make key decisions.

    What is a registered office?

    The official address of a company for legal correspondence.

    What is the purpose of the Company Act, 2063?

    To simplify company establishment and enhance transparency.

    What defines a private company?

    Limited to a maximum of 100 shareholders.

    How does a public company differ from a private company?

    Public companies can offer shares to the general public.

    What is a subsidiary company?

    A company controlled by a parent company.

    What is the role of a promoter in company formation?

    Responsible for establishing the company and signing documents.

    What happens if a company fails to comply with the Act?

    It may face penalties or dissolution.

    What is a memorandum in the context of a company?

    A document outlining the company's objectives and structure.

    What is the significance of a company's registration?

    It grants legal recognition and protects the company's name.

    What is a share in a company?

    A unit of ownership representing a claim on assets.

    What distinguishes a bonus share from other shares?

    Issued from retained earnings to existing shareholders.

    What is the maximum number of shareholders in a private company?

    Limited to 100 shareholders.

    What is the implication of limited liability for shareholders?

    They are only liable for the amount unpaid on their shares.

    What is the role of the registrar in company law?

    Responsible for company registration and compliance oversight.

    What is a public company?

    A company that can sell shares to the public.

    What is the requirement for a public company's minimum capital?

    Must have a minimum paid-up capital of one crore rupees.

    What is a company seal?

    An official stamp used to endorse documents.

    What is the consequence of a company not having a registered office?

    It may face legal challenges and penalties.

    What is the purpose of the company's articles of association?

    To govern the internal management of the company.

    What is a director's responsibility in a company?

    To manage the company's affairs and act in its best interest.

    What is the difference between ordinary shares and preference shares?

    Preference shares have priority in dividends over ordinary shares.

    What is the significance of a company's financial statements?

    They provide insights into the company's financial health.

    What is a company’s liability?

    The financial obligations a company has to its creditors.