A company is the creation of ______
1.Common seal
2.Law
3.Share capital
4.Members
A elected director can be terminated by the
1.Company
2.High Court
3.State Government
4.Central Government
A foreigner can become a member of a company registered in India but permission of
1.SEBI
2.High Court
3.RBI
4.Supreme court
A managing Director can be appointed for a maximum period of ______
1.2 years
2.10 years
3.3 years
4.5 years
A past member can also be placed on the list of contributories of he has ceased to be a member within _____
1.3 years before the commencement of the winding up
2.2 years before the commencement of the winding up
3.18 months before the commencement of the winding up
4.12 months before the commencement of the winding up
A person who completed 15th year and below 18 year
1.Audit
2.Adolescent
3.Minor
4.Young person
A Public company May issue a prospectus called _____
1.Red herring Prospectus
2.Shelf prospectus
3.A bridged prospectus
4.Deemed prospectus
A Statutory company is one which incorporated by
1.An Act of Parliament
2.By an Act of state legislature
3.Under the companies Act,1956
4.By either a or b.
A unique feature of trade mark is its ________
1.Corporality
2.Perpetual life
3.Degeneration
4.Industrialism
A ________ is a document but invites the public to subscribe for share and debentures
1.Memorandum
2.Articles
3.Prospectus
4.Certificate
Articles of Association are not required to be registered in case of ______
1.An unlimited Company
2.A company limited by guarantee
3.A public company limited by shares.
4.A private company limited by shares.
Corporal property is ______
1.Equable
2.Visible
3.Tangible
4.Flexible
Corporal refer to _______
1.Possession
2.Ownership
3.Building
4.Computer
East India Company is an example of ______________ company
1.Chartered
2.Statutory
3.Registered
4.Foreign.
For meeting may be adjourned by ______________ circumstances
1.Quorum is not present
2.Lack of information
3.Balance sheet is not present
4.None of the above
If a public company limited by shares does not register its own articles _____ apply
1.Table C
2.Table B
3.Table A
4.Table D
If the Articles of a company conflict with the memorandum.
1.The articles shall prevail
2.The memorandum shall prevail
3.The directors will resolve the conflict
4.The court will resolve the conflict.
In members voluntary winding up control of winding up in the hands of the ______
1.Creditors
2.Members
3.Company
4.Directors
Minimum _______ persons to constitute a public limited company.
1.7
2.10
3.2
4.5
Notice of the registered office of the company shall be given to the registration of companies within _____
1.45 days
2.30 days
3.15 days
4.60 days
RBI is an example of ______________ company
1.Charted
2.Statutory
3.Licenced
4.Registered
Sec.25 related to _______ companies
1.Holding
2.Licensed
3.Subsidiary
4.Existing
Section 10 provides for the appointment of ______
1.Inspector
2.Adult
3.Certifying surgeon
4.Adolescent
Shares can be freely transferable in ______
1.Public company
2.Private company
3.Registered company
4.Government company
Statutory companies are those incorporated under a special act passed by ______
1.Companies Act
2.Parliament
3.Special resolution
4.Law
The annual return should be filed by a company with the Registrar within the date of the annual general meeting of the company.
1.40
2.60
3.30
4.50
The board shall meet at least four time a year, with a maximum times gap of ______ between any two meetings
1.6 months
2.3 months
3.2 months
4.4 months
The company is dissolved when the tribunal passes in order of dissolution and the Tribunal shelf pass such order _____
1.When the affairs of the company have been completely wound up
2.Immediately after the winding up order
3.At the instance of Central government
4.At the distance of company law Board.
The exception to the doctrine of constructive notice is provided in ______
1.Lifting the corporate veil
2.Doctrine of indoor management
3.Doctrine of ultra virus
4.None of these
The history of the Indian Company Law began in the year of
1.1850
2.1850
3.1913
4.1956
The maximum remuneration paid to a manager cannot exceed _______ percent of the annual net profit
1.10%
2.5%
3.15%
4.25%
The most clause in the memorandum of Association of a company is _____
1.Name clause
2.Objects clause
3.Registered Office Clause.
4.Liability clause
The person of group who being a company into existence are called ______
1.A firm
2.Incorporation
3.Promoters
4.promotion
The power to order rectification of register of members vests in the _____
1.Court
2.Tribunal
3.Central Government
4.Board of directors
The statement in lieu of prospectus must be filed with the Registrar at least ______________ days before any allotment of shares is made.
1.15
2.30
3.6
4.3
The time gap between two Annual Meeting should not exceed _____
1.6 months
2.12 months
3.8 months
4.15 months.
The winding up of the company can only be done by the process of ______
1.Dissolution of partnership
2.General meeting
3.Law
4.Management
Voting in a company meeting can be through
1.Ballot
2.Raising hands
3.Raising votes
4.All of these.
When one company controls the management of another company, the format is called a ________ company
1.Existing
2.Holding
3.Subsidiary
4.Licensed
Which Doctrine seeks to promote the company from the outsiders?
1.The doctrine of indoor management
2.The doctrine of Ultra virus
3.The doctrine of constructive notice
4.None of these.
_____ is a person who holds the shares for the benefit persons
1.Trustee
2.Member
3.Shareholder
4.Company
______ is a decision on the proposal
1.Quorum
2.Proxy
3.Motion
4.Resolution
______ is a manufacturing process
1.Railway running shed
2.Existing films
3.Making of Bidi
4.Mere-storage of salable articles in refrigerator.
_______ is compulsory for unlimited companies, private companies limited by guarantee.
1.Memorandum of association
2.Articles of Association
3.Prospectus
4.Statement in lieu
_______ lays down the modes in which the objects of the company are to be carried out by the members.
1.Statement in lieu
2.Prospectus
3.Memorandum of Association
4.Articles of association
________ is a kind of industrial property which can be purchased
1.Trade mark
2.Collective mark
3.Patent
4.ISI mark
________ is the executive authority of the company
1.Partners
2.Shareholders
3.Board of Directors
4.Expert
________ is the resolution which is passed at validly called general meeting, by simple majority of the members.
1.Special resolution
2.Resolution by postal ballot
3.Ordinary resolution
4.Resolution requiring special notice.
_________ can be passed by the support of three fourth majority a share holders who are present and entitle to vote at a meeting.
1.Special resolution
2.Ordinary resolution
3.Both A and B
4.None of these.
___________ is the official records of the meeting of the company
1.Quorum
2.Register
3.Report
4.Minute