Question 1
Under the Companies Act, 2015, which characteristic distinguishes a company from a sole proprietorship?
Correct Answer:
Separate legal personality distinct from its members
Question 2
A private company under the Companies Act, 2015 is identified by which features in its articles?
Correct Answer:
Restrictions on share transfers, a member limit of fifty, and no public share offers
Question 3
What is the doctrine of 'lifting the corporate veil' under Kenyan company law?
Correct Answer:
Courts may disregard separate personality where the company is used to perpetrate fraud or evade legal obligations
Question 4
Which type of company does NOT have a share capital under the Companies Act, 2015?
Correct Answer:
A company limited by guarantee
Question 5
Perpetual succession of a company means that:
Correct Answer:
The company's existence continues irrespective of changes in membership or death of members
Question 1
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About this Exam

Prepare with the KASNEB CS21 Practice Questions - KASNEB Certified Secretaries (CS) Intermediate - Company Law (CS21) Exam practice quiz. This question bank includes 100 questions covering company, shares, companies, share, and meeting. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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KASNEB CS21 Practice Questions - KASNEB Certified Secretaries (CS) Intermediate - Company Law (CS21) Exam

This practice set contains 100 questions from the matching question bank and focuses on company, shares, companies, share, and meeting. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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