Company Law solved MCQs

1 of 5

1. _________ Order to call a EGM even though 1 member present inperson or by proxy.

a. roc

B. c.g

c. nclt

d. d.c.a

2. The time period for conduction of AGM is extended by ROC for howmany months

a. 1

B. 2

c. 3

d. 4

3. Maximum rate of discount that can be allowed on issue of shares

a. 5%

B. 10%

c. 15%

d. 20%

4. Liability under_____ sec. may be imposed only if it is proved that thecompanies business has been carried on with a view to defraud the creditors

a. 540

B. 541

c. 542

d. 543

5. The time gap between two AGM’s shall not exceed.

a. 15 months

B. 18 months

c. 16 months

d. none of these

6. Age limit of Directors in case of private company is ___________

a. 65

B. 70

c. 75

d. no limit

7. Debentures payable to a holder of certificate is called_____

a. bearer

B. unregistered

c. secured

d. both ((a) & ((b)

8. Minimum paid up share capital in case of a public company is _____

a. 1 lakh

B. 3 lakhs

c. 5 lakhs

d. 7 lakhs

9. The company must deliver share certificate within______ if the sharesapplied for transfer.

a. 3 months

B. 2 months

c. 5 months

d. none of these

10. The lending of funds ultra vires, the company has no rights

a. under the company’s act

B. contract act

c. under equity

d. none of the above

11. Share warrants can be issued with the prior approval of the____

a. company law board

B. dept of company affairs

c. registrar

d. none

12. Minimum no. of Directors in case of a public company is ___

a. 1

B. 2

c. 3

d. 4

13. Which of the following is not a member of a company?

a. partnership firm

B. foreigner

c. government

d. huf

14. Debentures payable to person whose name appears both onDebenture Certificate and company’s register is called

a. bearer

B. unregistered

c. registered

d. none of the above

15. ___ is issued in acknowledgement of any indebtedness

a. debenture certificate

B. share certificate

c. share warrant

d. none of the above

16. In case of Non -Profit making Companies notice of general meetingshould be given with in _____ days

a. 14

B. 15

c. 21

d. 22

17. Change in objects clauses can be effected

a. for any reason

B. for special reason only

c. to comply with c.g order

d. none of the above

18. Which of the following is a right of the members of acompany_____

a. right to have share

B. right appoint auditor

c. right appoint director

d. all the above

19. Which of the following can issue the share warrant

a. public

B. private

c. both (a) & (b)

d. none of the above

20. In case of continuing default to convene the AGM fine isRs.___________ for every day.

a. 250

B. 300

c. 350

d. 400

21. Transfer of shares in the case of public company is

a. prohibited

B. restricted

c. freely transferable

d. none of these

22. In the given below who are required to hold A.G.M___________

a. public company

B. private company

c. government company

d. all the three

23. U/s 274 (f) (g) directors are disqualified for howmany________ years.

a. 1

B. 3

c. 5

d. 7

24. Where the registrar strikes off the register the name of a company asa defunct one, the court has the power to order restoration of name with in:

a. 5 years

B. 7 years

c. 10 years

d. 20 years

25. A share warrant is transferable by ____________

a. by execution of transfer deed

B. by delivery

c. both (a) and (b)

d. none of the above

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