McqMate
| 1. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose. |
| A. | Incorporation |
| B. | Private company |
| C. | Company |
| D. | Public company |
| Answer» C. Company | |
| 2. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a legal person which capable of perpetual succession and common seal |
| A. | Company |
| B. | Firm |
| C. | Voluntary Association |
| D. | Partnership. |
| Answer» A. Company | |
| 3. |
See ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act, 1956 states that a company means “ a company formed and registered under this Act, or an existing company” |
| A. | 3(2)(ii) |
| B. | 3(1)(ii) |
| C. | 3(3)(i) |
| D. | 3(1)(i) |
| Answer» D. 3(1)(i) | |
| 4. |
A company is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of a person who have come together for a common object which generally is to earn profit |
| A. | Artificial person |
| B. | Voluntary Association |
| C. | Incorporate Association |
| D. | All of these. |
| Answer» D. All of these. | |
| 5. |
Anything done under an agreement between the company and third party requires recognition of the company in the form of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Contract |
| B. | Agreement |
| C. | Partnership |
| D. | Official seal |
| Answer» D. Official seal | |
| 6. |
A company is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ person |
| A. | Distinct person |
| B. | Group |
| C. | Legal |
| D. | Association |
| Answer» C. Legal | |
| 7. |
A company is the creation of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Common seal |
| B. | Law |
| C. | Share capital |
| D. | Members |
| Answer» B. Law | |
| 8. |
Minimum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ and maximum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ constitute a private limited company |
| A. | 2 of 10 |
| B. | 7 of unlimited |
| C. | 2 of 15 |
| D. | 2 of 50 |
| Answer» D. 2 of 50 | |
| 9. |
Mean any premises including precincts thereof |
| A. | Industry |
| B. | Factory |
| C. | Company |
| D. | Workmen |
| Answer» B. Factory | |
| 10. |
Minimum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ persons to constitute a public limited company. |
| A. | 7 |
| B. | 10 |
| C. | 2 |
| D. | 5 |
| Answer» A. 7 | |
| 11. |
Accounts of a company must be audited by an ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Chartered Accountant |
| B. | Auditor |
| C. | Board of Directors |
| D. | All of these. |
| Answer» B. Auditor | |
| 12. |
The winding up of the company can only be done by the process of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Dissolution of partnership |
| B. | General meeting |
| C. | Law |
| D. | Management |
| Answer» C. Law | |
| 13. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company are those which are incorporated by a Royal Charter. |
| A. | Chartered |
| B. | Registered |
| C. | Statutory |
| D. | None of these. |
| Answer» A. Chartered | |
| 14. |
Statutory companies are those incorporated under a special act passed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Companies Act |
| B. | Parliament |
| C. | Special resolution |
| D. | Law |
| Answer» B. Parliament | |
| 15. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Company may be companies limited by shares companies limited guarantee, unlimited companies. |
| A. | Number of members |
| B. | Liability of members |
| C. | Registered |
| D. | Incorporation |
| Answer» B. Liability of members | |
| 16. |
Companies limited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are not formed for the purpose of profit but for the promotion of art, science, culture, charity, sports, commerce etc. |
| A. | Members |
| B. | Shares |
| C. | Liability |
| D. | Guarantee |
| Answer» D. Guarantee | |
| 17. |
Private company means a company which has a minimum paid up capital of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Rs.2,00,000 |
| B. | Rs.5,00,000 |
| C. | Rs.1,00,000 |
| D. | Rs.1,50,000 |
| Answer» C. Rs.1,00,000 | |
| 18. |
A public company has been defined in sec.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 3(1)(iv) |
| B. | 3(1)(i) |
| C. | 3(1)(iii) |
| D. | 3(1)(ii) |
| Answer» A. 3(1)(iv) | |
| 19. |
Public company means a company which has a minimum paid up capital of Rs.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 2,00,000 |
| B. | 3,00,000 |
| C. | 5,00,000 |
| D. | 1,00,000 |
| Answer» C. 5,00,000 | |
| 20. |
Shares can be freely transferable in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Public company |
| B. | Private company |
| C. | Registered company |
| D. | Government company |
| Answer» A. Public company | |
| 21. |
The common seal of the company is the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Official signature of the company |
| B. | Rights of the company |
| C. | General view of the company |
| D. | None of the above. |
| Answer» A. Official signature of the company | |
| 22. |
During which of the following circumstances can the veil be lifted by the court? |
| A. | Where the Co acts as an agent |
| B. | Where a fund is noticed |
| C. | When the company tries to avoid certain legal obligation |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 23. |
The memorandum of Association is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the company. |
| A. | Certificate |
| B. | Schedule |
| C. | Document |
| D. | None of the above |
| Answer» C. Document | |
| 24. |
If the Articles of a company conflict with the memorandum. |
| A. | The articles shall prevail |
| B. | The memorandum shall prevail |
| C. | The directors will resolve the conflict |
| D. | The court will resolve the conflict. |
| Answer» B. The memorandum shall prevail | |
| 25. |
The shorter versions of a prospectus is also known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Deemed prospectus |
| B. | Incomplete prospectus |
| C. | Abridged prospectus |
| D. | Red Herring Prospectus |
| Answer» C. Abridged prospectus | |
| 26. |
On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:‐ |
| A. | 200 |
| B. | 50 |
| C. | 150 |
| D. | 0 |
| Answer» B. 50 | |
| 27. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal. |
| A. | Illegal Association |
| B. | Partnership |
| C. | Incorporation |
| D. | Company |
| Answer» D. Company | |
| 28. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a document but invites the public to subscribe for share and debentures |
| A. | Memorandum |
| B. | Articles |
| C. | Prospectus |
| D. | Certificate |
| Answer» C. Prospectus | |
| 29. |
The ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ issues the certificate of incorporation |
| A. | Register |
| B. | Director |
| C. | Court |
| D. | All of the above |
| Answer» A. Register | |
| 30. |
Corporate veil ensures ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the company |
| A. | Protection |
| B. | Legal Immunity |
| C. | Both A and B |
| D. | None of the above. |
| Answer» B. Legal Immunity | |
| 31. |
The articles of Association and the memorandum of Association are drafted by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Auditor |
| B. | Director |
| C. | Secretary |
| D. | Register |
| Answer» C. Secretary | |
| 32. |
Doctrine of Ultra virus has reference to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ clause |
| A. | Object |
| B. | Subscription |
| C. | Liability |
| D. | None of these. |
| Answer» A. Object | |
| 33. |
Which doctrine protects the out of the outsiders from the company? |
| A. | The doctrine of Ultra virus |
| B. | The doctrine of indoor management |
| C. | Both A and B |
| D. | None of the above |
| Answer» B. The doctrine of indoor management | |
| 34. |
Which Doctrine seeks to promote the company from the outsiders? |
| A. | The doctrine of indoor management |
| B. | The doctrine of Ultra virus |
| C. | The doctrine of constructive notice |
| D. | None of these. |
| Answer» C. The doctrine of constructive notice | |
| 35. |
Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act deals with the meaning and provisions related to the shelf prospectus. |
| A. | 50 |
| B. | 4(1) |
| C. | 2(2) |
| D. | 60 |
| Answer» D. 60 | |
| 36. |
Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus. |
| A. | 60(B) |
| B. | 60(a) |
| C. | 16(B) |
| D. | 16(a) |
| Answer» A. 60(B) | |
| 37. |
The person of group who being a company into existence are called‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | A firm |
| B. | Incorporation |
| C. | Promoters |
| D. | Promotion |
| Answer» C. Promoters | |
| 38. |
The board of directors delegate the power to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Issue debentures |
| B. | Issue of shares |
| C. | Invest the fund |
| D. | Make loans |
| Answer» D. Make loans | |
| 39. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are subordinate to and controlled by the memorandum. |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Statement in law |
| D. | All of the above. |
| Answer» A. Articles of Association | |
| 40. |
A copy special resolution has to be filed with the register within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days |
| A. | 90 days |
| B. | 30 days |
| C. | 60 days |
| D. | 120 days. |
| Answer» B. 30 days | |
| 41. |
A printed copy articles as altered shall be filed by the company with the register within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐ of order of approval from central |
| A. | 3 months |
| B. | 6 months |
| C. | One month |
| D. | 2 month |
| Answer» C. One month | |
| 42. |
Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companied Act defines foreign company |
| A. | 4(4) |
| B. | 3(1)(i) |
| C. | 3(1)(ii) |
| D. | 591 |
| Answer» D. 591 | |
| 43. |
Sec.25 related to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ companies |
| A. | Holding |
| B. | Licensed |
| C. | Subsidiary |
| D. | Existing |
| Answer» B. Licensed | |
| 44. |
Holding company is defined in section ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act. |
| A. | 4(4) |
| B. | 2(2) |
| C. | 3(4) |
| D. | 3(1) |
| Answer» A. 4(4) | |
| 45. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the first stage in the formation of a company |
| A. | Promotion |
| B. | Raising of Capital |
| C. | Incorporation |
| D. | Commencement of business |
| Answer» A. Promotion | |
| 46. |
The idea of carrying on a business is conceived by a person by a group of persons called ‐‐‐‐‐‐‐‐‐‐ |
| A. | Exploits |
| B. | Promoters |
| C. | Directors |
| D. | None of these |
| Answer» B. Promoters | |
| 47. |
A company is said to be incorporated when it is registered with registrar of the ‐‐‐‐‐‐‐‐‐‐‐‐ company |
| A. | Licensing |
| B. | Government |
| C. | Existing |
| D. | Joint stock |
| Answer» D. Joint stock | |
| 48. |
When one company controls the management of another company, the format is called a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐ company |
| A. | Existing |
| B. | Holding |
| C. | Subsidiary |
| D. | Licensed |
| Answer» C. Subsidiary | |
| 49. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is issued by any financial constitution or bank for on e or more of issues of securities or class of securities specified in the prospectus. |
| A. | A bridged prospectus |
| B. | Shelf Prospectus |
| C. | Deemed Prospectus |
| D. | Red Herring Prospectus |
| Answer» B. Shelf Prospectus | |
| 50. |
The other name of indoor management is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Golden rule |
| B. | Constructive notice |
| C. | Indoor rule |
| D. | Tarquand rule |
| Answer» D. Tarquand rule | |
| 51. |
A company may change its name by passing ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ with the approval of central govt. |
| A. | Special resolution |
| B. | Ordinary resolution |
| C. | Both A & B |
| D. | None of the above |
| Answer» A. Special resolution | |
| 52. |
The company shall give notice of alteration to the Register within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of passing the resolution |
| A. | 3 months |
| B. | 6 months |
| C. | 30 days |
| D. | 60 days |
| Answer» C. 30 days | |
| 53. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ consists of a series of regulations framed by the legislature for the conduct of the affair of company. |
| A. | Table B |
| B. | Table A |
| C. | Table C |
| D. | Table D |
| Answer» B. Table A | |
| 54. |
If a public company limited by shares does not register its own articles ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐apply |
| A. | Table C |
| B. | Table B |
| C. | Table A |
| D. | Table D |
| Answer» C. Table A | |
| 55. |
Prospectus must therefore make full and honest declaration of materials facts without concealing or omitting any relevant fact. This is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Twiquant rule |
| B. | Golden rule |
| C. | General rule |
| D. | Special rule |
| Answer» B. Golden rule | |
| 56. |
A Public company May issue a prospectus called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Red herring Prospectus |
| B. | Shelf prospectus |
| C. | A bridged prospectus |
| D. | Deemed prospectus |
| Answer» A. Red herring Prospectus | |
| 57. |
The statement in lieu of prospectus is drafted in accordance with the particulars set in part I of the ‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ the Act |
| A. | Schedule I |
| B. | Schedule IV |
| C. | Schedule III |
| D. | Schedule II |
| Answer» D. Schedule II | |
| 58. |
Golden rule was laid down by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | KINDERSELY VC in new Brun Wick Co. V Marreride |
| B. | Edington V Fitzmaurice |
| C. | Treeman V Buckhcats |
| D. | Royal British Bank V Turquand |
| Answer» A. KINDERSELY VC in new Brun Wick Co. V Marreride | |
| 59. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum. |
| A. | Deemed prospectus |
| B. | A bridged prospectus |
| C. | Red herring prospectus |
| D. | Shelf prospectus |
| Answer» B. A bridged prospectus | |
| 60. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐Acts as the official signature of the company. |
| A. | Registration |
| B. | Special resolution |
| C. | Legal entity |
| D. | Common seal |
| Answer» D. Common seal | |
| 61. |
The association that are not registered under sec. II of the companies act is ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Incorporated Association |
| B. | Illegal Association |
| C. | ]Non Licensed Association |
| D. | Unregistered Association |
| Answer» B. Illegal Association | |
| 62. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who has signed company’s memorandum of association |
| A. | Individual |
| B. | Corporate body |
| C. | Member |
| D. | Legal person |
| Answer» C. Member | |
| 63. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who holds the shares for the benefit persons |
| A. | Trustee |
| B. | Member |
| C. | Shareholder |
| D. | Company |
| Answer» A. Trustee | |
| 64. |
The right given to a particular class of shareholders are called the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Special rights |
| B. | General rights |
| C. | Class right |
| D. | None of the above |
| Answer» C. Class right | |
| 65. |
The power to order rectification of register of members vests in the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Court |
| B. | Tribunal |
| C. | Central Government |
| D. | Board of directors |
| Answer» B. Tribunal | |
| 66. |
On which of the following dates the companies Act,1956 come in to force? |
| A. | 31st March 1956 |
| B. | 1st April 1956 |
| C. | 31st March 1957 |
| D. | 1st April 1957. |
| Answer» B. 1st April 1956 | |
| 67. |
The history of the Indian Company Law began in the year of |
| A. | 1850 |
| B. | 1908 |
| C. | 1913 |
| D. | 1956 |
| Answer» A. 1850 | |
| 68. |
The privilege of limited liability was introduced in the Indian Company Law, in the year of |
| A. | 1850 |
| B. | 1857 |
| C. | 1927 |
| D. | 1956 |
| Answer» B. 1857 | |
| 69. |
Statutory companies are also known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | State legislative |
| B. | Govt. Company |
| C. | Corporation |
| D. | None of the above |
| Answer» C. Corporation | |
| 70. |
The auditor of government company is appointed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of India |
| A. | High court |
| B. | Supreme court |
| C. | State legislative |
| D. | Controller and Auditor General. |
| Answer» D. Controller and Auditor General. | |
| 71. |
A Statutory company is one which incorporated by |
| A. | An Act of Parliament |
| B. | By an Act of state legislature |
| C. | Under the companies Act,1956 |
| D. | By either a or b. |
| Answer» D. By either a or b. | |
| 72. |
In case of a company limited by guarantee, the liability of the members can be enforced |
| A. | Only at the time of winding up of the company |
| B. | At any time when the company so decide |
| C. | Only by an order of court |
| D. | Only by an order of Registrar of companies |
| Answer» A. Only at the time of winding up of the company | |
| 73. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is compulsory for unlimited companies, private companies limited by guarantee. |
| A. | Memorandum of association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» B. Articles of Association | |
| 74. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ describes the scope of company activities |
| A. | Memorandum of association |
| B. | Prospectus |
| C. | Articles of Association |
| D. | Documents |
| Answer» A. Memorandum of association | |
| 75. |
The first important document to be filed with the Registrar is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | None of these. |
| Answer» C. Memorandum of Association | |
| 76. |
If the company’s Act go beyond the provisions of the Memorandum, its act will be ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Constructive notice |
| B. | Circular |
| C. | Ultra virus |
| D. | None of the above |
| Answer» C. Ultra virus | |
| 77. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the construction of a company |
| A. | Promotion |
| B. | Certificate of incorporation |
| C. | Memorandum |
| D. | Documents |
| Answer» C. Memorandum | |
| 78. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares |
| A. | Table B |
| B. | Table A |
| C. | Table D |
| D. | Table E |
| Answer» A. Table B | |
| 79. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ can be passed by the support of three fourth majority a share holders who are present and entitle to vote at a meeting. |
| A. | Special resolution |
| B. | Ordinary resolution |
| C. | Both A and B |
| D. | None of these. |
| Answer» C. Both A and B | |
| 80. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ contain the rules and regulation of the company |
| A. | Prospectus |
| B. | Statement in lieu |
| C. | Articles of Association |
| D. | Memorandum of Association |
| Answer» C. Articles of Association | |
| 81. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ signed by the required number of persons which are necessary for the formation of company. |
| A. | Memorandum of Association |
| B. | Prospectus |
| C. | Statement in lieu |
| D. | None of the above. |
| Answer» B. Prospectus | |
| 82. |
A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Company formation |
| B. | Certificate of incorporation |
| C. | Provisional contracts |
| D. | Certificate of commence business |
| Answer» D. Certificate of commence business | |
| 83. |
If at the registration, a company limited by shares does not file articles of association with the registrar, then |
| A. | The company deemed to have adopted Table A |
| B. | The company cannot be registered without this document |
| C. | The company is deemed to have become a company with unlimited liability |
| D. | None of the above |
| Answer» A. The company deemed to have adopted Table A | |
| 84. |
The annual return should be filed by a company with the Registrar within the date of the annual general meeting of the company. |
| A. | 40 |
| B. | 60 |
| C. | 30 |
| D. | 50 |
| Answer» B. 60 | |
| 85. |
Every share holder of a company is also known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Member |
| B. | Partner |
| C. | Director |
| D. | All of the above |
| Answer» A. Member | |
| 86. |
A foreigner can become a member of a company registered in India but permission of |
| A. | SEBI |
| B. | High Court |
| C. | RBI |
| D. | Supreme court |
| Answer» C. RBI | |
| 87. |
Registered Office clause of memorandum of Association contain‐‐‐‐‐‐‐‐ |
| A. | The complete postal address |
| B. | The name of Registrar of companies |
| C. | The name of City/ Town only and not that of the state |
| D. | The name of the state in which registered office of the company is to situate |
| Answer» D. The name of the state in which registered office of the company is to situate | |
| 88. |
The capital with which the company is registered is called the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Subscribed Capital |
| B. | Nominal Capital |
| C. | Working Capital |
| D. | None of these |
| Answer» B. Nominal Capital | |
| 89. |
The procedure for change of registered office from one city to another within the state is by passing‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Special resolution only |
| B. | Ordinary resolution only |
| C. | Special resolution and approval of central government |
| D. | Ordinary resolution and approval of company law board |
| Answer» A. Special resolution only | |
| 90. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ document contains the rules, regulations and bye‐laws for the internal management of the company |
| A. | Memorandum of Association |
| B. | Article of Association |
| C. | Prospectus |
| D. | Statement in lieu. |
| Answer» B. Article of Association | |
| 91. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is subordinate to and controlled by the memorandum of association |
| A. | Prospectus |
| B. | Statement in lieu |
| C. | Articles of association |
| D. | None of the above |
| Answer» C. Articles of association | |
| 92. |
‐‐‐‐‐‐‐‐‐‐‐‐ lays down the objects and powers of the company. |
| A. | Memorandum of Association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» A. Memorandum of Association | |
| 93. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ lays down the modes in which the objects of the company are to be carried out by the members. |
| A. | Statement in lieu |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Articles of association |
| Answer» D. Articles of association | |
| 94. |
Articles of association adopt the rules and regulations contained in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of schedule I of the companies Act |
| A. | Table C |
| B. | Table D |
| C. | Table A |
| D. | Table B |
| Answer» C. Table A | |
| 95. |
The forms of articles of association are given in tables ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is schedule I of the companies Act 1956 |
| A. | A,C,D&E |
| B. | B,C,D&E |
| C. | B,A,C&E |
| D. | B,D&E |
| Answer» A. A,C,D&E | |
| 96. |
The forms of Memorandum of association are given in tables ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in schedule I of the companies Act 1956 |
| A. | B,A&E |
| B. | B,C,D&E |
| C. | A,C,D&E |
| D. | D,A,E. |
| Answer» B. B,C,D&E | |
| 97. |
The doctrine of indoor Management has its own origin in |
| A. | Salmon V Salona U&Co.Ltd. |
| B. | Ryland V Turquand |
| C. | Royal British Bank V Turquand |
| D. | None of these |
| Answer» C. Royal British Bank V Turquand | |
| 98. |
Offers may be invited from the public by issuing a document known as ‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Prospectus |
| B. | Notice |
| C. | Circular |
| D. | All of the above |
| Answer» A. Prospectus | |
| 99. |
Articles of Association are not required to be registered in case of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | An unlimited Company |
| B. | A company limited by guarantee |
| C. | A public company limited by shares. |
| D. | A private company limited by shares. |
| Answer» C. A public company limited by shares. | |
| 100. |
Doctrine of constructive notice means‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Notice of alternation of object clause to the registrar |
| B. | Notice to outside dealing with the registrar as to contents of memorandum and articles |
| C. | Notice of change of name to members |
| D. | Notice to public as to issue of prospectus. |
| Answer» B. Notice to outside dealing with the registrar as to contents of memorandum and articles | |
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