Company Accounts

Share Capital

Easy

common

Which of the following is not a feature of a company?

Perpetual Succession

Unlimited Liability

Artificial Person

Body Corporate

✅ Correct Option: 2

A company is an artificial person and a body corporate enjoying perpetual succession. Its members enjoy limited liability, restricted to the unpaid amount on their shares. Unlimited liability is a feature of partnership firms and sole proprietorships, not of a company.

2023: 29 May Shift 2

Select the amount received on Share Allotment Account -

2022: 23 Aug Shift 2

Forfeiture of shares results in the reduction of :

2026: 31 May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A.	Equity Shares	I.	Company which is not a subsidiary of private company
B.	Preference Shares	II.	Owner of company and enjoy voting rights
C.	Public Company	III.	Restricts the right to transfer its shares
D.	Private Company	IV.	Carry fixed dividend + Preferential rights

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Which of the following is not the characteristics of company-

2026: 6 June Shift 1

A company forfeited 5,000 shares of Rs. 10 each for non-payment of final call of Rs. 4 per share. Share Forfeiture A/c will be credited with the amount :

2025: 30 May Shift 2

The following are the features of a Company:

(A) Separate Legal Entity

(B) Unlimited Liability

(D) Common Seal

Choose the correct answer from the options given below:

Which of the following is not a feature of a company?

Solution

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