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1. Question: Order to call a EGM even though 1 member present in person or by proxy. (a) ROC (b) C.G (c) NCLT (d).C.A 2. Question: The time period for conduction of AGM is extended by ROC for how many months (a) 1 (b) 2 (c) 3 (d) 4 3. Question: Maximum rate of discount that can be allowed on issue of shares (a) 5% (b) 10% (c) 15% (d) 20% 4. Question: Liability under sec. may be imposed only if it is proved that the companies business has been carried on with a view to defraud the creditors (a) 540 (b) 541 (c) 542 (d) 543
5. Question: The time gap between two AGM’s shall not exceed. (a) 15 months (b) 18 months (c) 16 months (d) None of these 6. Question: Age limit of Directors in case of private company is (a) 65 (b) 70 (c) 75 (d) No limit 7. Question: Debentures payable to a holder of certificate is called (a) Bearer (b) Unregistered (c) Secured (d) Both ((a) & ((b) 8. Question: Minimum paid up share capital in case of a public company is (a) 1 Lakh (b) 3 Lakhs (c) 5 Lakhs (d) 7 Lakhs 9. Question: The company must deliver share certificate within _ if the shares applied for transfer. (a) 3 months (b) 2 months (c) 5 months (d) none of these 10. Question: The lending of funds ultra vires, the company has no rights (a) under the company’s Act (b) contract Act (c) under equity (d) None of the above 11. Question: If the company failed to comply with the order of NCLT they will be punishable with fine and imprisonment up to
18. Question: Change in objects clauses can be effected (a) For any reason (b) For special reason only (c) to comply with C.G order (d) None of the above 19. Question: Which of the following is a right of the members of a company _ (a) Right to have share (b) Right Appoint Auditor (c) Right Appoint Director (d) All the above 20. Question: Which of the following can issue the share warrant (a) Public (b) Private (c) Both (a) & (b) (d) None of the above 21. Question: In case of continuing default to convene the AGM fine is Rs. for every day. (a) 250 (b) 300 (c) 350 (d) 400 22. Question: Transfer of shares in the case of public company is (a) Prohibited (b) Restricted (c) Freely transferable (d) None of these 23. Question: 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
24. Question: U/s 274 (f) (g) directors are disqualified for how many years. (a) 1 (b) 3 (c) 5 (d) 7 25. Question: Where the registrar strikes off the register the name of a company as a defunct one, the court has the power to order restoration of name with in: (a) 5 years (b) 7 years (c) 10 years (d) 20 years 26. Question: In case of default with regards to deposits intimation to NCLT should be made with how many days. (a) 10 (b) 20 (c) 30 (d) 40 27. Question: 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 28. Question: 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 29. Question: After the expiry of how much time the company must think that the permission was not granted (a) 11 weeks (b) 12 weeks (c) 10 weeks
(d) None of these
36. Question: The doctrine of _ does not apply to acts void ab initio. (a) Ultra virus (b) Intra virus (c) constructive notice (d) Indoor management 37. Question: Cumulative preference share holders have voting right if dividend are in arrears for years (a) 1 (b) 2 (c) 3 (d) 4 38. Question: In case of Partly Convertible Debentures non-convertible portion is classified as (a) Debt (b) Equity (c) Both (a) & (b) (d) None of the above 39. Ques. Transmission is effected by (a) Sale (b) Death (c) Insolvency (d) Both (b) & (c) Ans. (d) 40. Ques. Which of the following can be used for buy back of shares (a) Free reserves (b) Securities premium (c) Proceeds of fresh issue of shares (d) All of the above 41. Ques. Deposits should issued with in__ weeks from the date of receipt of money. (a) 2 (b) 4 (c) 6 (d) 8
42. Ques. If minimum subscription is not received application money should be refunded with in days (a) 20 (b) 25 (c) 30 (d) 10 43. Ques. Information memorandum + shelf prospectus together constitutes _ (a) Memorandum (b) Articles (c) Prospectus (d) None of the above 44. Ques. In the event of appointing a proxy joint holders shall sign the proxy form (a) Singularly (b) Jointly (c) None of the above (d) both (a) & (b) 45. Ques. Minimum number of members in case of private company is (a) 1 (b) 2 (c) 3 (d) 4 46. Ques. Maximum no .of members in case of public company is (a) 0 (b) unlimited (c) 50 (d) 100 47Ques. The liability of members if company is limited by guarantee. (a) Unpaid value of shares (b) Guarantee amount (c) Unlimited liability (d) None of the above 48 Ques. Which one of the following has a right to claim compensation for any loss due to mis-statement in prospectus (a) Purchasing shares in Primary Market (b) Secondary Market
(d) 4 years 55 Ques. Central Government permission is required in case of conversion _ (a) Private to public (b) Public to private (c) Both (a) or (b) (d) None of the above 56 Ques. How many members should sign the MOA in case of privatecompany (a) 1 (b) 2 (c) 3 (d) 4 57 Ques. In case minimum subscription is not received and refund is delayed % of interest to be paid by the company. (a) 5 (b) 6 (c) 7 (d) 8 58 Ques. Paying back of capital is called (a) Redemption (b) Conversion (c) Participation (d) None 59 Ques. Proxies cannot vote on _ (a) Show of hands (b) Poll (c) Both (a) & (b) (d) None of the above 60 Ques. Minimum number of members in case of public company (a) 1 (b) 2 (c) 5 (d) 7
61 Ques. Minimum no. of Directors in case of private company is (a) 1 (b) 2 (c) 3 (d) 4 62 Ques. If the company failed to refund application money with in 130 days from the date of issue of prospectus on non-receipt of minimum subscription who will be personally liable. (a) Company (b) Directors (c) Shareholders (d) None of these 63 Ques. A company is named as govt. company if it is holds % of paid up share capital (a) more than 30 (b) more than 40 (c) more than 50 (d) None 64 Ques. % of shares should be held by a company in another company so as to become subsidiary (a) more than 50 (b) more than 40 (c) more than 30 (d) more than 20 65 Ques. In case of Non -Profit making Companies books of accounts are required to be preserved for years (a) 2 (b) 4 (c) 6 (d) 8 66 Ques. Accepting of deposits from public in case of private company is (a) Prohibited (b) Restricted (c) Acceptable (d) None of these
73 Ques. Companies are now allotted a in addition to their name (a) PAN (b) SIN (c) PIN (d) CIN 74 Ques. In how many days did the company have its registered office after incorporation (a) 10 (b) 20 (c) 30 (d) 40 75 Ques. In the MOA there are 6 clauses. We can alter all clauses expect one clause. What is that clause? (a) Objects clause (b) Name clause (c) Association clause (d) None of these 76 Ques. If any body wants to file a case against the company they should file at what place (a) Company (b) Registered Office (c) BOD (d) Books of accounts 77 Ques. Ultra vires loans granted by the company are (a) Void (b) Voidable (c) Valid (d) None of the above 78 Ques. conceives the idea of the business (a) Promoters (b) Directors (c) Auditors (d) None of the above
(79) 1. What are the limits of number of members in a Private Company?
(a) Fifty
(b) Seven
(c) Twenty
(d) Two hundred
(80) Which of the following is not a stage of the development of company?
(a) Promotion
(b) Production
(c) Incorporation
(d) Commencement of Business
Answer: B (81) which of the following company/companies are registered by the Companies Act, 2013? (a) Government Company (b) Private Company (c) Public Company (d) All of theabove
(82) A subsidiary of a government company is also treated as a
(a) Government Company (b) Public Company (c) Private Company
(d) All of the above (83) The of a government company is appointed or reappointedby the Comptroller and Auditor General of India. (a) Auditor
(b) Company Secretary
(c) Both (a) and (b)
(d) None of the above
(84) Which of the following company is incorporated in a country outside India?
(a) Private Company
(a) Memorandum of Association
(b) Articles of Association
(c) Both (a) and (b)
(d) None of these
(91) Which documents contains the regulations relating to the internal management of a company?
(a) Memorandum of Association
(b) Articles of Association
(c) Both (a) and (b)
(d) None
(92) Company is managed by
(a) Shareholders
(b) Board of Directors
(c) Karta
(d) Both(a)&(b) (93) The most important document of a company is its.
A. prospectus.
B. annual report.
C. memorandum of association.
D. articles of association.
(94) The rules and regulations for the internal management of a company are
contained in its.
A. prospectus.
B. annual report.
C. memorandum of association.
D. articles of association.
(95) The union government may appoint such number of directors in a companyas it
may deem necessary
A. at its own initiative.
B. on the application of least 100 members of the company.
C. on the application of members holding at least 10% voting rights.
D. any of the above.
(96) A director’s election takes place in a general meeting through a separated
Resolution passed by a majority.
A. single.
B. two-thirds.
C. three-fourths.
D. five-sixths.
(97) Issued by the company binds it in two ways,namely by estoppel as to title
and.
A. by estoppel as to payment.
B. by estoppel as to profit.
C. by estoppel as to dividend.
D none
(98) The minimum subscription is to be received within _ days of the offer.
A. 30.
B. 60.
C. 120.
D. 150.
(99) A share certificate once issued by the company binds it in two ways,
namely by estoppel as to title and.
A by estoppel as to payment.
B by estoppel as to profit.
C by estoppel as to dividend.
D. none
