Ministry of Corporate Affairs Company Secretary Interview Questions and Answers

Disqualifications of a director include being declared bankrupt, convicted of fraud, or being disqualified by a court.

• Conviction of fraud or any offense involving moral turpitude

• Declared bankrupt

• Disqualified by a court

• Mental incapacity

• Being an undischarged insolvent

• Failure to pay calls on shares

A one person company is a type of company which can be formed with just one person as a member.

• A one person company is a separate legal entity from its owner.

• The liability of the owner is limited to the extent of the unpaid share capital.

• The owner can act as both the director and shareholder of the company.

• It is a popular choice for small businesses and startups.

• Examples of one person companies include consulting firms