McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Computer Applications (BCA) , Bachelor of Business Administration (BBA) , Bachelor of Tourism Studies (BTS) .
| 251. |
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 | |
| 252. |
_________ are subordinate to and controlled by the memorandum. |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Statement in law |
| D. | All the above |
| Answer» A. Articles of Association | |
| 253. |
A copy of special resolution has to be filed with the Registrar within ___ days. |
| A. | 90 day |
| B. | 30 days |
| C. | 60 days |
| D. | 120 days |
| Answer» B. 30 days | |
| 254. |
A printed copy of the articles as altered shall be filed by the company with the Registrar within __________of order of approval from cential. |
| A. | 3 month |
| B. | 6 months |
| C. | one month |
| D. | 2 months |
| Answer» C. one month | |
| 255. |
Sec __________ of the companies Act defines foreign company |
| A. | 4 (4) |
| B. | 3 (1) (i) |
| C. | 3 (1) (ii) |
| D. | 591 |
| Answer» D. 591 | |
| 256. |
Sec 25 related to ________ companies |
| A. | Holding |
| B. | Licensed |
| C. | Subsidiary |
| D. | Existing |
| Answer» B. Licensed | |
| 257. |
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) | |
| 258. |
_________ 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 | |
| 259. |
The idea of carrying on a business is conceived by a person or by a group of persons called __________ |
| A. | Exploit |
| B. | Promoters |
| C. | Directors |
| D. | None of these |
| Answer» B. Promoters | |
| 260. |
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 | |
| 261. |
When one company controls the management of another company, the former is called a __________ company. |
| A. | Existing |
| B. | Holding |
| C. | Subsidiary |
| D. | Licensed |
| Answer» C. Subsidiary | |
| 262. |
_________ is issued by any financial constitution or bank for one or more of issues of securities or class of securities specified in the prospectus. |
| A. | A bridged Prospectu |
| B. | Shelf Prospectus |
| C. | Deemed Prospectus |
| D. | Red Herring prospectus |
| Answer» B. Shelf Prospectus | |
| 263. |
The other name of indoor management is called _________ |
| A. | Golden rule |
| B. | Constructive notice |
| C. | Indoor rule |
| D. | Tarquand rule |
| Answer» D. Tarquand rule | |
| 264. |
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 | |
| 265. |
The company shall give notice of alteration to the Registrar within ________of passing the resolution. |
| A. | 3 month |
| B. | 6 months |
| C. | 30 days |
| D. | 60 days |
| Answer» C. 30 days | |
| 266. |
_________ 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 | |
| 267. |
If a public company limited by shares does not register its own articles ________apply automatically to a company. |
| A. | Table C |
| B. | Table B |
| C. | Table A |
| D. | Table D |
| Answer» C. Table A | |
| 268. |
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 | |
| 269. |
A public company may issue a prospectus called _________ |
| A. | Red herring prospectu |
| B. | Shelf prospectus |
| C. | A bridged prospectus |
| D. | Deemed prospectus |
| Answer» A. Red herring prospectu | |
| 270. |
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 | |
| 271. |
Golden rule was laid down by________________ |
| A. | KINDERSELY VC in New Brun Wick Co. V Maggeride |
| B. | Edington V Fitzmaurice |
| C. | Treeman V Buckhcats |
| D. | Royal British Bank V Turquand |
| Answer» A. KINDERSELY VC in New Brun Wick Co. V Maggeride | |
| 272. |
______________ 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 Prospectu |
| B. | Abridged prospectus |
| C. | Red herring prospectus |
| D. | Shelf prospectus |
| Answer» B. Abridged prospectus | |
| 273. |
__________ Acts as the official signature of the company. |
| A. | Registration |
| B. | Special resolution |
| C. | legal entity |
| D. | common seal |
| Answer» D. common seal | |
| 274. |
The association that are not registered under Sec. 11 of the companies Act is _____________ |
| A. | Incorporated Association |
| B. | Illegal Association |
| C. | Non licenses Association |
| D. | Unregistered Association |
| Answer» B. Illegal Association | |
| 275. |
___________ is a person who has singed company's memorandum of association. |
| A. | Individual |
| B. | Corporate body |
| C. | Member |
| D. | Legal person |
| Answer» C. Member | |
| 276. |
_____________ is a person who holds the shares for the benefit persons. |
| A. | Trustee |
| B. | Member |
| C. | Shareholder |
| D. | Company |
| Answer» A. Trustee | |
| 277. |
The right given to a particular class of shareholders are called the _____________ |
| A. | Special right |
| B. | General rights |
| C. | Class right |
| D. | None of the above |
| Answer» C. Class right | |
| 278. |
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 | |
| 279. |
On which of the following dates the Companies Act, 1956 come into force? |
| A. | 31st March 1956 |
| B. | 1st April 1956 |
| C. | 31st March 1957 |
| D. | 1st April 1957 |
| Answer» B. 1st April 1956 | |
| 280. |
The history of the Indian Company Law began in the year of |
| A. | 1850 |
| B. | 1908 |
| C. | 1913 |
| D. | 1956 |
| Answer» A. 1850 | |
| 281. |
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 | |
| 282. |
Statutory companies are also known as _______ |
| A. | State legislative |
| B. | Govt. company |
| C. | Corporation |
| D. | None of the above |
| Answer» C. Corporation | |
| 283. |
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 | |
| 284. |
A statutory company is one which incorporated by |
| A. | An Act of Parliament |
| B. | By an Act of State legislative |
| C. | Under the companies Act, 1956 |
| D. | By either (a) of (b) |
| Answer» D. By either (a) of (b) | |
| 285. |
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 | |
| 286. |
__________ is compulsory for unlimited companies, private companies, companies limited by guarantee. |
| A. | Memorandum of Association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» B. Articles of Association | |
| 287. |
__________ describes the scope of company activities |
| A. | Memorandum of Association |
| B. | Prospectus |
| C. | Articles of Association |
| D. | Documents |
| Answer» A. Memorandum of Association | |
| 288. |
The first important document to be filed with the Registrar is ______- |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | None of the above |
| Answer» C. Memorandum of Association | |
| 289. |
If the company's Act go beyond the provisions of the memorandum, its act will be _______ |
| A. | Constructive notice |
| B. | Circular |
| C. | Ultra vires |
| D. | None of the above |
| Answer» C. Ultra vires | |
| 290. |
___________ is the construction of a company |
| A. | Promotion |
| B. | Certificate of incorporation |
| C. | Memorandum |
| D. | Documents |
| Answer» C. Memorandum | |
| 291. |
_______ of schedule 1 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 | |
| 292. |
_________ 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 the above |
| Answer» C. Both A and B | |
| 293. |
_________ contain the rules and regulations of the company. |
| A. | Prospectu |
| B. | Statement in lieu |
| C. | Articles of Association |
| D. | Memorandum of Association |
| Answer» C. Articles of Association | |
| 294. |
__________ 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 | |
| 295. |
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 | |
| 296. |
If at the time of registration, a company limited by shares does note 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 | |
| 297. |
The annual return should be filed by a company with the Registrar within _______ days from the date of the annual general meeting of the company. |
| A. | 40 |
| B. | 60 |
| C. | 30 |
| D. | 50 |
| Answer» B. 60 | |
| 298. |
Every share holder of a company is also known as _____ |
| A. | Member |
| B. | Partner |
| C. | Director |
| D. | All of the above |
| Answer» A. Member | |
| 299. |
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 | |
| 300. |
Registered office clause of memorandum of association contain ___ |
| A. | The complete postal address |
| B. | The name of Registrar of companies |
| C. | The name of the 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. | |
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