McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
Company to accept calls in advance from shareholders they should have permission in |
| A. | MOA |
| B. | AOA |
| C. | BOD |
| D. | None of these |
| Answer» B. AOA | |
| 2. |
Forfeiture can be made only if it is authorized by ________ |
| A. | AOA |
| B. | MOA |
| C. | ROC |
| D. | C.G |
| Answer» B. MOA | |
| 3. |
Name of the member is struck off from the register in case of ________ |
| A. | Issue of share certificate |
| B. | Share warrant |
| C. | Forfeiture |
| D. | None of the above |
| Answer» B. Share warrant | |
| 4. |
_________Days be given for payment of call money from the date of service of notice |
| A. | 14 |
| B. | 13 |
| C. | 12 |
| D. | 11 |
| Answer» A. 14 | |
| 5. |
_________ arises in respect of debt due on shares as well as on other transactions. |
| A. | Forfeiture |
| B. | Lien |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Lien | |
| 6. |
Return of partly paid shares by the shareholders to the company is _______ |
| A. | Surrender |
| B. | Forfeiture |
| C. | Lien |
| D. | None of the above |
| Answer» A. Surrender | |
| 7. |
________ is a short cut to forfeiture |
| A. | Lien |
| B. | Surrender |
| C. | Right issue |
| D. | None of the above |
| Answer» B. Surrender | |
| 8. |
No consideration shall be paid by the company in exchange of __________ shares |
| A. | Lien |
| B. | Forfeited |
| C. | Surrender |
| D. | None of the above |
| Answer» C. Surrender | |
| 9. |
Interest out of capital can be paid only if it is sanctioned by____ |
| A. | MOA |
| B. | AOA |
| C. | NCLT |
| D. | C.G |
| Answer» B. AOA | |
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