McqMate
| 101. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ may be defined as a person having aontrol over the affairs, conduct and management of a company. |
| A. | Share holders |
| B. | Director |
| C. | Body Corporate |
| D. | Member |
| Answer» B. Director | |
| 102. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the supreme policy framing and decision making organ of a company. |
| A. | Board of directors |
| B. | Share holders |
| C. | Auditor |
| D. | Body corporate |
| Answer» A. Board of directors | |
| 103. |
According to sec.225, the directors should be appointed in he ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Office of the Registrar |
| B. | General Meeting |
| C. | Company |
| D. | Share holders |
| Answer» B. General Meeting | |
| 104. |
The office of a director becomes vacant if he fails to obtain his qualification shares within ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 30 days |
| B. | 1 month |
| C. | 2 months |
| D. | 3 month |
| Answer» C. 2 months | |
| 105. |
A elected director can be terminated by the |
| A. | Company |
| B. | High Court |
| C. | State Government |
| D. | Central Government |
| Answer» D. Central Government | |
| 106. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ vacancy is caused by resignation, death, insolvency or insanity |
| A. | Casual |
| B. | General |
| C. | Special |
| D. | None of the above |
| Answer» A. Casual | |
| 107. |
The maximum remuneration paid to a manager cannot exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ percent of the annual net profit |
| A. | 10% |
| B. | 5% |
| C. | 15% |
| D. | 25% |
| Answer» B. 5% | |
| 108. |
The managing directors hold the ‐‐‐‐‐‐‐‐‐‐‐‐‐ shares of the company. |
| A. | Deemed |
| B. | Equity |
| C. | Qualification |
| D. | Preference |
| Answer» C. Qualification | |
| 109. |
Directors are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of he powers conferred on then and they must exercise those powers bonafide and for the benefit of the company. |
| A. | Trustee |
| B. | Management |
| C. | Representative |
| D. | None of the above |
| Answer» A. Trustee | |
| 110. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Member of directors need to retire every year |
| A. | 2/3 |
| B. | 2 |
| C. | ¼ |
| D. | 1/3 |
| Answer» D. 1/3 | |
| 111. |
The directors may be held ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ liable on their failure to fulfill the formalities imposed upon them by the Act |
| A. | General law |
| B. | Criminal |
| C. | Civil |
| D. | All of the above |
| Answer» B. Criminal | |
| 112. |
A person cannot hold directorship of more than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐companies at a time |
| A. | 15 |
| B. | 50 |
| C. | 25 |
| D. | 10 |
| Answer» A. 15 | |
| 113. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐is the executive authority of the company |
| A. | Partners |
| B. | Shareholders |
| C. | Board of Directors |
| D. | Expert |
| Answer» C. Board of Directors | |
| 114. |
A meeting of Board of Directors shall be held at least ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | One month |
| B. | Once in every 3 months and at least 4 such meetings shall be held every year. |
| C. | Two month |
| D. | 4 months and at least 3 such meetings must be held in every year. |
| Answer» B. Once in every 3 months and at least 4 such meetings shall be held every year. | |
| 115. |
The quorum for a meeting of the board of directors shall be ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of its total strength or 2 directors whichever is higher. |
| A. | 3 |
| B. | ½ |
| C. | ¼ |
| D. | 1/3 |
| Answer» D. 1/3 | |
| 116. |
Minimum number of directors in public company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 1 |
| Answer» A. 3 | |
| 117. |
Minimum number of directors in private company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 1 |
| Answer» B. 2 | |
| 118. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a group of people who are acting on behalf of the company |
| A. | Managing Director |
| B. | Partnership |
| C. | Board of Directors |
| D. | All of the above |
| Answer» C. Board of Directors | |
| 119. |
A managing Director can be appointed for a maximum period of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 2 years |
| B. | 10 years |
| C. | 3 years |
| D. | 5 years |
| Answer» D. 5 years | |
| 120. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ can be imposed on directors for non compliance of requirements’of companies Act |
| A. | Penalty |
| B. | Fine |
| C. | Statutory penalty |
| D. | Criminal liability |
| Answer» B. Fine | |
| 121. |
When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and |
| A. | He become liable to be punished with @Rs.500 for every default |
| B. | He is disqualified for becoming a director of any company |
| C. | His office falls vacant |
| D. | None of the above |
| Answer» C. His office falls vacant | |
| 122. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a manufacturing process |
| A. | Railway running shed |
| B. | Existing films |
| C. | Making of Bidi |
| D. | Mere‐storage of salable articles in refrigerator. |
| Answer» C. Making of Bidi | |
| 123. |
The term whole time director is defined in sec.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Companies Act 1956 |
| A. | 2(25) |
| B. | 2(24) |
| C. | 3(25) |
| D. | 3(24) |
| Answer» B. 2(24) | |
| 124. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ director act during the absence of the original director. |
| A. | First director |
| B. | Additional director |
| C. | Alternative director |
| D. | Representative director |
| Answer» C. Alternative director | |
| 125. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the first general meeting of the share holders odf a public company |
| A. | Extra ordinary meeting |
| B. | Class meeting |
| C. | General meeting |
| D. | Statutory meeting. |
| Answer» D. Statutory meeting. | |
| 126. |
Statutory meeting held within a period of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 90 days from the date at which the company is entitled to start its business |
| B. | 6 months from the date of incorporation |
| C. | Not less one month & not more than 6 month which the company is entitled to start its business |
| D. | 18 months from the date of incorporation |
| Answer» C. Not less one month & not more than 6 month which the company is entitled to start its business | |
| 127. |
The first annual general meeting of the company must be held within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 6 months of incorporation |
| B. | 6 months from the date at which the company’s entitled to start its business |
| C. | 18 months from the date at which the company is entitled to start its business |
| D. | 18 months of incorporation. |
| Answer» D. 18 months of incorporation. | |
| 128. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ called for dealing with some urgent special business which cannot e postponed till the next annual general meeting. |
| A. | Extra ordinary general meeting |
| B. | Ordinary general meeting |
| C. | Class meeting |
| D. | None of the above. |
| Answer» A. Extra ordinary general meeting | |
| 129. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted. |
| A. | Minutes |
| B. | Quorum |
| C. | Register |
| D. | Proxies |
| Answer» B. Quorum | |
| 130. |
For the proper conduct of business in a meeting a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is necessary |
| A. | Director |
| B. | Managing director |
| C. | Chairman |
| D. | Shareholders |
| Answer» C. Chairman | |
| 131. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the official records of the meeting of the company |
| A. | Quorum |
| B. | Register |
| C. | Report |
| D. | Minute |
| Answer» D. Minute | |
| 132. |
The chairman of the company has ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ vote |
| A. | 1 |
| B. | 3 |
| C. | 2 |
| D. | None of these. |
| Answer» C. 2 | |
| 133. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ means the list of business or thing to be done at the meeting |
| A. | Quorum |
| B. | Register |
| C. | Minutes |
| D. | Agenda |
| Answer» D. Agenda | |
| 134. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ refers to the instrument by which a person is appointed to act for another at a meeting of the company. |
| A. | Proxy |
| B. | Quorum |
| C. | Motion |
| D. | None of the above |
| Answer» A. Proxy | |
| 135. |
Decisions of a company are made by ‐‐‐‐‐‐‐‐‐ of its members passed at meeting of members |
| A. | Notice |
| B. | Resolution |
| C. | Quorum |
| D. | Circular |
| Answer» B. Resolution | |
| 136. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the resolution which is passed at validly called general meeting, by simple majority of the members. |
| A. | Special resolution |
| B. | Resolution by postal ballot |
| C. | Ordinary resolution |
| D. | Resolution requiring special notice. |
| Answer» C. Ordinary resolution | |
| 137. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the resolution which is passed , at valid called general meeting, by special majority of the meeting. |
| A. | Ordinary resolution |
| B. | Special resolution |
| C. | Resolution by postal ballot |
| D. | Resolution requiring special notice. |
| Answer» B. Special resolution | |
| 138. |
Special resolution is passed by majority ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the members voting by show of hands or on poll either in person or by proxy. |
| A. | 1/3 |
| B. | ½ |
| C. | 3 |
| D. | ¾ |
| Answer» D. ¾ | |
| 139. |
‐‐‐‐‐‐‐‐‐‐‐‐ is a proposal put before a meeting. |
| A. | Motion |
| B. | Resolution |
| C. | Quorum |
| D. | Proxy |
| Answer» A. Motion | |
| 140. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a decision on the proposal |
| A. | Quorum |
| B. | Proxy |
| C. | Motion |
| D. | Resolution |
| Answer» D. Resolution | |
| 141. |
winding up by the order of Tribunal is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Voluntary winding up |
| B. | Compulsory winding up |
| C. | Winding up |
| D. | All the above. |
| Answer» B. Compulsory winding up | |
| 142. |
Winding up by special resolution passed by the company |
| A. | Compulsory winding up |
| B. | Winding up |
| C. | Voluntary winding up |
| D. | All of the above |
| Answer» C. Voluntary winding up | |
| 143. |
In case of members voluntary winding up , the liquidation for conducting the winding up proceedings is appointed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. |
| A. | Central government |
| B. | Company in its general meeting |
| C. | Company law board |
| D. | Register |
| Answer» B. Company in its general meeting | |
| 144. |
The company is dissolved when the tribunal passes in order of dissolution and the Tribunal shelf pass such order ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. |
| A. | When the affairs of the company have been completely wound up |
| B. | Immediately after the winding up order |
| C. | At the instance of Central government |
| D. | At the distance of company law Board. |
| Answer» A. When the affairs of the company have been completely wound up | |
| 145. |
A past member can also be placed on the list of contributories of he has ceased to be a member within ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 3 years before the commencement of the winding up |
| B. | 2 years before the commencement of the winding up |
| C. | 18 months before the commencement of the winding up |
| D. | 12 months before the commencement of the winding up |
| Answer» D. 12 months before the commencement of the winding up | |
| 146. |
The name of a defunct company can be resorted to register on an application made to the Tribunal by the company, or any member or a creditor within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. |
| A. | 3 years from the dissolution |
| B. | 6 years from the dissolution |
| C. | 20 years from the dissolution |
| D. | 12 years from the dissolution. |
| Answer» C. 20 years from the dissolution | |
| 147. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐is the first state in which assists realized liabilities are paid off and surplus is distributed |
| A. | Dissolution |
| B. | Winding up |
| C. | Acquisitions |
| D. | All of the above |
| Answer» B. Winding up | |
| 148. |
The order of dissolution can be issued only by the company |
| A. | Tribunal |
| B. | Company Law Board |
| C. | Both A and B |
| D. | None of these. |
| Answer» A. Tribunal | |
| 149. |
In members voluntary winding up control of winding up in the hands of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Creditors |
| B. | Members |
| C. | Company |
| D. | Directors |
| Answer» C. Company | |
| 150. |
A person who completed 15th year and below 18 year |
| A. | Audit |
| B. | Adolescent |
| C. | Minor |
| D. | Young person |
| Answer» B. Adolescent | |
| 151. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐ mean a person who is either child or Adolescent |
| A. | Child |
| B. | Young person |
| C. | Adolescent |
| D. | Adult |
| Answer» B. Young person | |
| 152. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who has ultimate control over the affairs of factory |
| A. | Young person |
| B. | Adult |
| C. | Occupier |
| D. | Adolescent |
| Answer» C. Occupier | |
| 153. |
Section 10 provides for the appointment of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Inspector |
| B. | Adult |
| C. | Certifying surgeon |
| D. | Adolescent |
| Answer» C. Certifying surgeon | |
| 154. |
Every worker who worked for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days entitled to Annual Wages |
| A. | 200 |
| B. | 240 |
| C. | 500 |
| D. | 440 |
| Answer» B. 240 | |
| 155. |
Factories Act came in to existence in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 1948 |
| B. | 1881 |
| C. | 1781 |
| D. | 1757 |
| Answer» A. 1948 | |
| 156. |
Corporal property is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Equable |
| B. | Visible |
| C. | Tangible |
| D. | Flexible |
| Answer» C. Tangible | |
| 157. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are the true owners of the company. |
| A. | Members |
| B. | Investors |
| C. | Directors |
| D. | Share holders |
| Answer» D. Share holders | |
| 158. |
Corporal refer to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Possession |
| B. | Ownership |
| C. | Building |
| D. | Computer |
| Answer» B. Ownership | |
| 159. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ auditors of the company are appointed by the share holders in annual General Meeting. |
| A. | General |
| B. | Statutory |
| C. | Special |
| D. | None of these |
| Answer» B. Statutory | |
| 160. |
In corporal properties are not ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Flexible |
| B. | Apparent |
| C. | Corporal |
| D. | Reachable |
| Answer» B. Apparent | |
| 161. |
The board shall meet at least four time a year, with a maximum times gap of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ between any two meetings |
| A. | 6 months |
| B. | 3 months |
| C. | 2 months |
| D. | 4 months |
| Answer» B. 3 months | |
| 162. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a visual symbol attached to goods |
| A. | Patent |
| B. | A trade mark |
| C. | Corporal goods |
| D. | Sealed goods |
| Answer» B. A trade mark | |
| 163. |
A registered trade mark is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Patent |
| B. | Sealed good |
| C. | Common Law Mark |
| D. | ISI mark |
| Answer» C. Common Law Mark | |
| 164. |
Which of the following documents is submitted by the board of directors at every AGM‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐? |
| A. | Balance sheet |
| B. | Profit and Loss Account |
| C. | Both A and B |
| D. | None of the above |
| Answer» C. Both A and B | |
| 165. |
The time gap between two Annual Meeting should not exceed‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 6 months |
| B. | 12 months |
| C. | 8 months |
| D. | 15 months. |
| Answer» D. 15 months. | |
| 166. |
Extra ordinary meeting of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Member |
| B. | Share holders |
| C. | Directors |
| D. | Both A and B |
| Answer» B. Share holders | |
| 167. |
East India Company is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company |
| A. | Chartered |
| B. | Statutory |
| C. | Registered |
| D. | Foreign. |
| Answer» A. Chartered | |
| 168. |
Mention one right that the proxy enjoys during a meeting? |
| A. | Right to attend the meeting |
| B. | Right to poll |
| C. | Right to vote |
| D. | None of these |
| Answer» C. Right to vote | |
| 169. |
The minutes of the company in case of a Board Meeting shall be signed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Director |
| B. | Chairman |
| C. | Managing director |
| D. | Both A and B. |
| Answer» B. Chairman | |
| 170. |
The winding up in which a solvency declaration is not made is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Creditors voluntary winding up |
| B. | Members voluntary winding up |
| C. | Compulsory winding up |
| D. | None of the above |
| Answer» A. Creditors voluntary winding up | |
| 171. |
For meeting may be adjourned by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ circumstances |
| A. | Quorum is not present |
| B. | Lack of information |
| C. | Balance sheet is not present |
| D. | None of the above |
| Answer» B. Lack of information | |
| 172. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ guarantees its established quality |
| A. | Patent |
| B. | Goods |
| C. | Trade mark |
| D. | Safety |
| Answer» C. Trade mark | |
| 173. |
A unique feature of trade mark is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Corporality |
| B. | Perpetual life |
| C. | Degeneration |
| D. | Industrialism |
| Answer» B. Perpetual life | |
| 174. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a kind of industrial property which can be purchased |
| A. | Trade mark |
| B. | Collective mark |
| C. | Patent |
| D. | ISI mark |
| Answer» C. Patent | |
| 175. |
The company agrees that the remuneration of non‐ executive directors shall be decided by ‐‐‐‐‐‐‐‐‐‐ |
| A. | Company |
| B. | Share holders |
| C. | Board of Directors |
| D. | Central Government |
| Answer» C. Board of Directors | |
| 176. |
On a winding up order being made, the co9mpany’s property comes under the custody of ‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Central Government |
| B. | Tribunal |
| C. | Share holders |
| D. | Liquidator |
| Answer» D. Liquidator | |
| 177. |
A proxy can vote only in case of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Vote |
| B. | Poll |
| C. | Election |
| D. | None of these. |
| Answer» B. Poll | |
| 178. |
Where a directors acts dishonestly to the interest of the company. He will be held liable for ‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐ |
| A. | Negligence |
| B. | Malafide acts |
| C. | Ultra virus acts |
| D. | Breach of fiduciary duty |
| Answer» D. Breach of fiduciary duty | |
| 179. |
Shelf Prospectus means a prospectus issued by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Any trading company |
| B. | Any industrial company |
| C. | Any financial institution of bank |
| D. | None of the above. |
| Answer» C. Any financial institution of bank | |
| 180. |
The most clause in the memorandum of Association of a company is‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Name clause |
| B. | Objects clause |
| C. | Registered Office Clause. |
| D. | Liability clause |
| Answer» B. Objects clause | |
| 181. |
The alteration of the memorandum has to be certified by the Registrar within |
| A. | 30 days |
| B. | 15 days |
| C. | 45 days |
| D. | 60 days |
| Answer» A. 30 days | |
| 182. |
The charter of a company is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Certificate of incorporation |
| Answer» C. Memorandum of Association | |
| 183. |
Notice of the registered office of the company shall be given to the registration of companies within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 45 days |
| B. | 30 days |
| C. | 15 days |
| D. | 60 days |
| Answer» B. 30 days | |
| 184. |
An act which is to be ultra virus a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Void |
| B. | Valid |
| C. | Both A and B |
| D. | None of these. |
| Answer» A. Void | |
| 185. |
The statement in lieu of prospectus must be filed with the Registrar at least ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days before any allotment of shares is made. |
| A. | 15 |
| B. | 30 |
| C. | 6 |
| D. | 3 |
| Answer» D. 3 | |
| 186. |
Legal position of a promoter of a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | That of an agent |
| B. | That of a Trustee |
| C. | In a judiciary capacity |
| D. | That of a solicitor |
| Answer» C. In a judiciary capacity | |
| 187. |
The common seal of the company should have |
| A. | The company’s name |
| B. | The word Corporate seal |
| C. | The Place of the company |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 188. |
RBI is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company |
| A. | Charted |
| B. | Statutory |
| C. | Licenced |
| D. | Registered |
| Answer» B. Statutory | |
| 189. |
Shelf prospects relates under Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 16 A |
| B. | 14 A |
| C. | 60 A |
| D. | 40 A |
| Answer» C. 60 A | |
| 190. |
The doctrine of indoor management provides protection to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | The outsider |
| B. | The Board of Directors |
| C. | The Share holders |
| D. | The managing directors |
| Answer» A. The outsider | |
| 191. |
The exception to the doctrine of constructive notice is provided in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Lifting the corporate veil |
| B. | Doctrine of indoor management |
| C. | Doctrine of ultra virus |
| D. | None of these |
| Answer» B. Doctrine of indoor management | |
| 192. |
The procedure to write facts about resolution and its decision is called |
| A. | Quorum |
| B. | Notice |
| C. | Minutes of narration |
| D. | None of the above |
| Answer» C. Minutes of narration | |
| 193. |
For declaration of dividend no ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ resolution is required |
| A. | Ordinary |
| B. | Special |
| C. | Simple |
| D. | None of the above |
| Answer» B. Special | |
| 194. |
Minutes of company meeting should e prepared with in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the meeting |
| A. | 21 days |
| B. | 30 days |
| C. | 40 days |
| D. | 45 days |
| Answer» B. 30 days | |
| 195. |
Voting in a company meeting can be through |
| A. | Ballot |
| B. | Raising hands |
| C. | Raising votes |
| D. | All of these. |
| Answer» D. All of these. | |
| 196. |
An official liquidator is appointed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Central government |
| B. | By Court |
| C. | State Government |
| D. | Company |
| Answer» A. Central government | |
| 197. |
In the event of company being wound up the Tribunal shall prepare list of contributories into ‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐ |
| A. | List A |
| B. | List B |
| C. | List A and B |
| D. | List A or B |
| Answer» C. List A and B | |
| 198. |
Official liquidators are appointed from the panel of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Professional firm of Chartered Accountant |
| B. | Advocate |
| C. | Company Secretaries |
| D. | All of the above |
| Answer» D. All of the above | |
| 199. |
As per Sec. 439 who can file a petition to the Tribunal for winding up? |
| A. | The Registrar |
| B. | Company |
| C. | Contributory |
| D. | Any one of these. |
| Answer» D. Any one of these. | |
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