170+ Corporate Regulations Solved MCQs
Chapters
Chapter: Share Certificate and Warrant
|
101.
|
__________ is a document showing title
|
| A. |
Share certificate |
| B. |
Share warrant |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
C. Both (a) & (b)
|
|
102.
|
A share certificate is required to be signed by ___________.
|
| A. |
managing director |
| B. |
shareholders |
| C. |
board of directors |
| D. |
company secretary |
|
Answer»
D. company secretary
|
|
103.
|
Which of the following can issue the share warrant
|
| A. |
Public |
| B. |
Private |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
A. Public
|
|
104.
|
_________ are attached to the share warrant
|
| A. |
Dividend coupon |
| B. |
Warrant |
| C. |
Certificates |
| D. |
None of the above |
|
Answer»
A. Dividend coupon
|
|
105.
|
C.G. approval is necessary in case of issue of __________
|
| A. |
Share certificate |
| B. |
Share warrant |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
B. Share warrant
|
|
106.
|
In case of __________ duplicate can be obtained if it lost
|
| A. |
Share warrant |
| B. |
Share certificate |
| C. |
Dividend coupon |
| D. |
None of the above |
|
Answer»
B. Share certificate
|
|
107.
|
Duplicate certificate obtained if original certificate lost in case of.
|
| A. |
Share Certificate |
| B. |
Share warrant |
| C. |
Dividend warrant |
| D. |
None of these |
|
Answer»
A. Share Certificate
|
Chapter: Transfer and Transmission of Shares
|
108.
|
Transfer deed should in Form No.
|
| A. |
6 B |
| B. |
5 B |
| C. |
7 B |
| D. |
None of these |
|
Answer»
C. 7 B
|
|
109.
|
_________ is voluntary passage of the rights and duties of member from a share holder.
|
| A. |
Transfer |
| B. |
Transmission |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
A. Transfer
|
|
110.
|
The person who transfer his rights and duties is called __________
|
| A. |
Transferee |
| B. |
Transferor |
| C. |
Promisor |
| D. |
Promisee |
|
Answer»
B. Transferor
|
|
111.
|
The person to whom the rights and duties are endorsed is called _________
|
| A. |
Transferee |
| B. |
Transferor |
| C. |
Endorser |
| D. |
Endorsee |
|
Answer»
A. Transferee
|
|
112.
|
_______ is an instrument of transfer signed by the transferor in which the name & date
are not filled.
|
| A. |
Forged transfer |
| B. |
Blank transfer |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
B. Blank transfer
|
|
113.
|
_______ transfer is null and void
|
| A. |
Forged |
| B. |
Blank |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
A. Forged
|
|
114.
|
If the ownership of shares goes to another by operation of law is called as _______
|
| A. |
Transfer |
| B. |
Transmission |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
B. Transmission
|
|
115.
|
Transfer is effected by _______
|
| A. |
Sales |
| B. |
Death |
| C. |
Insolvency |
| D. |
None of the above |
|
Answer»
A. Sales
|
|
116.
|
Transmission is effected by ______
|
| A. |
Sale |
| B. |
Death |
| C. |
Insolvency |
| D. |
Both (b) & (c) |
|
Answer»
D. Both (b) & (c)
|
|
117.
|
In which of the following stamp duty & consideration not necessary ________
|
| A. |
Transfer |
| B. |
Transmission |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
B. Transmission
|
|
118.
|
_______ gets all liabilities of original owner
|
| A. |
Transferor |
| B. |
Transferee |
| C. |
Endorser |
| D. |
Endorsee |
|
Answer»
B. Transferee
|
|
119.
|
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 |
|
Answer»
B. By delivery
|
Chapter: Calls and Forfeiture,Surrender of Shares
|
120.
|
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
|
|
121.
|
Forfeiture can be made only if it is authorized by ________
|
| A. |
AOA |
| B. |
MOA |
| C. |
ROC |
| D. |
C.G |
|
Answer»
B. MOA
|
|
122.
|
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
|
|
123.
|
_________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
|
|
124.
|
_________ 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
|
|
125.
|
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
|
|
126.
|
________ is a short cut to forfeiture
|
| A. |
Lien |
| B. |
Surrender |
| C. |
Right issue |
| D. |
None of the above |
|
Answer»
B. Surrender
|
|
127.
|
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
|
|
128.
|
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
|
Chapter: General Meetings
|
129.
|
What is the time limit for conducting statutory meeting?
|
| A. |
1 to 5 months |
| B. |
1 to 6 months |
| C. |
1 to 9 months |
| D. |
None of these |
|
Answer»
B. 1 to 6 months
|
|
130.
|
Notice of statutory meeting should be given with a period not less than
|
| A. |
21 clear days |
| B. |
14 clear days |
| C. |
7 clear days |
| D. |
None of these |
|
Answer»
A. 21 clear days
|
|
131.
|
Notice of statutory meeting should be attested by at least.
|
| A. |
3 directors |
| B. |
2 directors |
| C. |
3 directors |
| D. |
None of these |
|
Answer»
B. 2 directors
|
|
132.
|
The time gap between two AGM’s shall not exceed.
|
| A. |
15 months |
| B. |
18 months |
| C. |
16 months |
| D. |
None of these |
|
Answer»
A. 15 months
|
|
133.
|
First AGM must be held within __________ from the incorporation of the company
|
| A. |
15 months |
| B. |
18 months |
| C. |
12 months |
| D. |
None of these |
|
Answer»
B. 18 months
|
|
134.
|
Every AGM must be held with ___________ from the date of the Balance Sheet.
|
| A. |
4 months |
| B. |
6 months |
| C. |
9 months |
| D. |
None of these |
|
Answer»
C. 9 months
|
|
135.
|
First AGM must be held within ____________ from the date of the balance sheet
|
| A. |
6months |
| B. |
9months |
| C. |
5months |
| D. |
None of these |
|
Answer»
B. 9months
|
|
136.
|
AGM should be held at
|
| A. |
Company |
| B. |
Registered office |
| C. |
Corporate office |
| D. |
None of these |
|
Answer»
B. Registered office
|
|
137.
|
Failure to convene AGM u/s 166 penalty will be
|
| A. |
50,000+250 per every day |
| B. |
75,000+250 per every day |
| C. |
1,00,000+250 per every day |
| D. |
25,000+250 per every day |
|
Answer»
A. 50,000+250 per every day
|
|
138.
|
In case of Public Company the quorum should be
|
| A. |
5 members |
| B. |
7 members |
| C. |
2 members |
| D. |
None of these |
|
Answer»
A. 5 members
|
|
139.
|
In case of private company the quorum should be
|
| A. |
2 members |
| B. |
3 members |
| C. |
4 members |
| D. |
None of these |
|
Answer»
A. 2 members
|
|
140.
|
_______ meeting given an opportunity to the member to know discuss on promotion &
formation of the company.
|
| A. |
General |
| B. |
EGM |
| C. |
Statutory |
| D. |
None of the above |
|
Answer»
C. Statutory
|
|
141.
|
_________ report is send by the directors to its members.
|
| A. |
Statutory |
| B. |
Audit |
| C. |
Annual |
| D. |
None of the above |
|
Answer»
C. Annual
|
|
142.
|
In the given below who are not required to hold Statutory General Meeting
|
| A. |
Private company |
| B. |
Government Company |
| C. |
Public company |
| D. |
Both (a) & (b) |
|
Answer»
D. Both (a) & (b)
|
|
143.
|
In case of Statutory General Meeting receipts & payments are prepared up to _______
days before the date of report
|
| A. |
3 |
| B. |
5 |
| C. |
7 |
| D. |
9 |
|
Answer»
C. 7
|
|
144.
|
Who should certify that company allotted the shares and cash received in respect there
of ______
|
| A. |
Auditor |
| B. |
Director |
| C. |
Share holder |
| D. |
Members |
|
Answer»
A. Auditor
|
|
145.
|
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 |
|
Answer»
A. Public company
|
|
146.
|
The time period for conduction of AGM is extended by ROC for how many months
|
| A. |
1 |
| B. |
2 |
| C. |
3 |
| D. |
4 |
|
Answer»
C. 3
|
|
147.
|
_________ opined that ROC could grant extension only when application for extension
is made before the expiry of period u/s 166 (1)
|
| A. |
DCA |
| B. |
NCLT |
| C. |
Govt |
| D. |
Both (b) & (c) |
|
Answer»
A. DCA
|
|
148.
|
Which of the following company can held the AGM on public holiday__________
|
| A. |
Public company |
| B. |
Private company |
| C. |
Govt. company |
| D. |
Association not for profits |
|
Answer»
D. Association not for profits
|
|
149.
|
_______ may grant exemption to any class of companies with regard to the time & place
of AGM.
|
| A. |
C.G |
| B. |
ROC |
| C. |
NCLT |
| D. |
D.C.A |
|
Answer»
A. C.G
|
|
150.
|
In case of failure to convene the AGM fine is upto Rs._________
|
| A. |
25,000 |
| B. |
50,000 |
| C. |
75,000 |
| D. |
80,000 |
|
Answer»
B. 50,000
|
|
151.
|
In case of continuing default to convene the AGM fine is Rs. _______ for every day.
|
| A. |
250 |
| B. |
300 |
| C. |
350 |
| D. |
400 |
|
Answer»
A. 250
|
|
152.
|
The resolution passed at AGM are _______
|
| A. |
Valid |
| B. |
Void |
| C. |
Voidable |
| D. |
Void abinitio |
|
Answer»
A. Valid
|
|
153.
|
Every business transacted at an EGM is a _________ business
|
| A. |
Ordinary |
| B. |
Special |
| C. |
Both (a) & (b) |
| D. |
None of the above |
|
Answer»
B. Special
|
|
154.
|
Majority rule is not applicable when
|
| A. |
The act done is illegal |
| B. |
The act done is ultra vires the company. |
| C. |
The act done constitutes a fraud |
| D. |
all the above |
|
Answer»
D. all the above
|
|
155.
|
A cost auditor makes his report to:
|
| A. |
Members of company |
| B. |
Directors of company |
| C. |
Registrar |
| D. |
C. G. |
|
Answer»
B. Directors of company
|
|
156.
|
A company not declare dividend at.
|
| A. |
Statutory meeting |
| B. |
Annual general meeting |
| C. |
Extra ordinary G.M |
| D. |
None of the above |
|
Answer»
A. Statutory meeting
|
|
157.
|
If as a person is present in more than 1 capacity his presence will be counted as _____
|
| A. |
1 |
| B. |
2 |
| C. |
3 |
| D. |
4 |
|
Answer»
B. 2
|
|
158.
|
In the absence of a quorum the proceedings of the meeting will be _________
|
| A. |
Valid |
| B. |
Void |
| C. |
Voidable |
| D. |
None of the above |
|
Answer»
B. Void
|
|
159.
|
If quorum is not present with in _________ time the meeting is stand dissolved.
|
| A. |
½ Hr. |
| B. |
1 Hr. |
| C. |
1 ½ Hr |
| D. |
2 Hr. |
|
Answer»
A. ½ Hr.
|
|
160.
|
_________ Order to call a EGM even though 1 member present in person or by proxy.
|
| A. |
ROC |
| B. |
C.G. |
| C. |
NCLT |
| D. |
D.C.A |
|
Answer»
B. C.G.
|
|
161.
|
________ can vote at the meeting even though not a member.
|
| A. |
Body corporate |
| B. |
President |
| C. |
Governor |
| D. |
All the above |
|
Answer»
D. All the above
|
|
162.
|
Voting right can’t be exercised in case of _________
|
| A. |
Calls in advance |
| B. |
Calls in arrears |
| C. |
Both a & b |
| D. |
None of the above |
|
Answer»
B. Calls in arrears
|
|
163.
|
Proxy need not be a ____ of the company
|
| A. |
Shareholders |
| B. |
Members |
| C. |
Both a and b |
| D. |
None of the above |
|
Answer»
C. Both a and b
|
|
164.
|
________ is the official recording of the proceedings of a meeting
|
| A. |
Quorum |
| B. |
Minutes |
| C. |
Both a & b |
| D. |
None of the above |
|
Answer»
B. Minutes
|
|
165.
|
Minutes should be recorded within _________ days from the date of conclusion of every
meeting
|
| A. |
10 |
| B. |
20 |
| C. |
30 |
| D. |
40 |
|
Answer»
C. 30
|
|
166.
|
Loose – leaf minutes to be bound into books at regular intervals of _________ months
|
| A. |
6 |
| B. |
7 |
| C. |
8 |
| D. |
9 |
|
Answer»
A. 6
|
|
167.
|
Within ______weeks requisition requiring circulation of a resolution may be deposited
with ROC.
|
| A. |
3 |
| B. |
6 |
| C. |
9 |
| D. |
12 |
|
Answer»
A. 3
|
|
168.
|
Qualification shares for a director are provided in the ________
|
| A. |
Company Act |
| B. |
MOA |
| C. |
AOA |
| D. |
Contract b/w Company & Directors |
|
Answer»
A. Company Act
|
|
169.
|
Directors are __________ of the company
|
| A. |
Employees |
| B. |
Employers |
| C. |
Both a & b |
| D. |
None of the above |
|
Answer»
D. None of the above
|
|
170.
|
A special resolution is passed with
|
| A. |
Simple majority |
| B. |
60% majority of members present |
| C. |
75% |
| D. |
None of the above |
|
Answer»
C. 75%
|
|
171.
|
Which of the following meeting can be held more than once in a calendar year?
|
| A. |
E.G.M |
| B. |
S.G.M |
| C. |
A.G.M |
| D. |
None of the above |
|
Answer»
A. E.G.M
|
|
172.
|
In which one or more of the following company a member does not have a right to
appoint proxy:
|
| A. |
Public company having share capital |
| B. |
Public company not having share capital |
| C. |
Private company not having a share capital |
| D. |
None of the above |
|
Answer»
B. Public company not having share capital
|
|
173.
|
A proxy must bear revenue stamp worth.
|
| A. |
30 paise |
| B. |
15 paise |
| C. |
45 paise |
| D. |
50 paise |
|
Answer»
B. 15 paise
|
|
174.
|
In which one of the following cases an ordinary resolution may be passed _________
|
| A. |
Commencement of a new business |
| B. |
alteration of articles |
| C. |
Compulsory winding up of the company |
| D. |
none of the above |
|
Answer»
C. Compulsory winding up of the company
|
|
175.
|
Notice of Adjourn meeting is not required of a meeting is
|
| A. |
Adjourn for want of quorum |
| B. |
Adjourn sine die |
| C. |
Adjourn for more than 30 days |
| D. |
None |
|
Answer»
A. Adjourn for want of quorum
|
|
176.
|
An official liquidator is appointed by the _____
|
| A. |
Central government |
| B. |
By court |
| C. |
State government |
| D. |
Company |
|
Answer»
A. Central government
|
|
177.
|
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 List B |
| D. |
List A or List B |
|
Answer»
C. List A and List B
|
|
178.
|
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
|
|
179.
|
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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