MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 216 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Science in Law (BSL) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The time period for conduction of AGM is extended by ROC for how many months |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» D. 4 | |
| 2. |
Maximum rate of discount that can be allowed on issue of shares |
| A. | 5% |
| B. | 10% |
| C. | 15% |
| D. | 20% |
| Answer» C. 15% | |
| 3. |
Minimum paid up share capital in case of a public company is _____ |
| A. | 1 lakh |
| B. | 3 lakhs |
| C. | 5 lakhs |
| D. | 7 lakhs |
| Answer» D. 7 lakhs | |
| 4. |
Debentures payable to a holder of certificate is called_____ |
| A. | bearer |
| B. | unregistered |
| C. | secured |
| D. | both ((a) & ((b) |
| Answer» B. unregistered | |
| 5. |
Age limit of Directors in case of private company is ___________ |
| A. | 65 |
| B. | 70 |
| C. | 75 |
| D. | no limit |
| Answer» E. | |
| 6. |
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 |
| Answer» C. 5 months | |
| 7. |
_________ 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» C. nclt | |
| 8. |
Minimum no. of Directors in case of a public company is ___ |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» D. 4 | |
| 9. |
Share warrants can be issued with the prior approval of the____ |
| A. | company law board |
| B. | dept of company affairs |
| C. | registrar |
| D. | none |
| Answer» D. none | |
| 10. |
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 |
| Answer» D. 543 | |
| 11. |
___ is issued in acknowledgement of any indebtedness |
| A. | debenture certificate |
| B. | share certificate |
| C. | share warrant |
| D. | none of the above |
| Answer» B. share certificate | |
| 12. |
Debentures payable to person whose name appears both on Debenture Certificate and company s register is called |
| A. | bearer |
| B. | unregistered |
| C. | registered |
| D. | none of the above |
| Answer» D. none of the above | |
| 13. |
Which of the following is not a member of a company? |
| A. | partnership firm |
| B. | foreigner |
| C. | government |
| D. | huf |
| Answer» B. foreigner | |
| 14. |
In case of Non -Profit making Companies notice of general meeting should be given with in _____ days |
| A. | 14 |
| B. | 15 |
| C. | 21 |
| D. | 22 |
| Answer» B. 15 | |
| 15. |
At the same time a person cannot hold office of a Director in more than ______ |
| A. | Two companies |
| B. | Seven companies |
| C. | Twenty companies |
| D. | Thirty companies |
| Answer» D. Thirty companies | |
| 16. |
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) |
| Answer» C. none of the above | |
| 17. |
The quorum for the meeting of Board is _______________ |
| A. | One fourth of its total strength. |
| B. | One third of its total strength. |
| C. | Two third of its total strength. |
| D. | One half of its total strength. |
| Answer» C. Two third of its total strength. | |
| 18. |
The time gap between two Annual General Meetings should not exceed______ |
| A. | Six months. |
| B. | Twelve months. |
| C. | Fifteen months. |
| D. | Eighteen months. |
| Answer» D. Eighteen months. | |
| 19. |
Own funds are called |
| A. | debenture capital |
| B. | share capital |
| C. | loan capital |
| D. | none of the above |
| Answer» C. loan capital | |
| 20. |
Power to set up the Tribunal is vested in ______________ |
| A. | Supreme Court. |
| B. | State Government. |
| C. | Central Government with the permission of the Supreme Court. |
| D. | Central Government. |
| Answer» E. | |
| 21. |
Duration of interval between one general meeting and another general meeting should not be more than ____________ |
| A. | 6 months. |
| B. | 12 months. |
| C. | 15 months. |
| D. | 24 months. |
| Answer» D. 24 months. | |
| 22. |
Issuance of a share warrant is necessary, so that __________ |
| A. | Shares are fully paid up |
| B. | Shares are paid up to 50% |
| C. | Shares are paid up to 25% |
| D. | Shares are paid up to 10% |
| Answer» B. Shares are paid up to 50% | |
| 23. |
Every company making an allotment of shares or debentures is obliged to the allottee a certificate of shares within____________ |
| A. | 14 days of the allotment |
| B. | One month of the allotment |
| C. | Two months of the allotment |
| D. | Three months of the allotment of shares. |
| Answer» E. | |
| 24. |
Which of the following companies must have Articles of Association________ |
| A. | Foreign Company. |
| B. | Unlimited Company. |
| C. | Holding Company. |
| D. | Government Companies. |
| Answer» C. Holding Company. | |
| 25. |
Which of the following document brings a company into existence as a legal person? __________ |
| A. | Memorandum of Association |
| B. | Certificate of Incorporation. |
| C. | Article of Association. |
| D. | The agreement. |
| Answer» C. Article of Association. | |
| 26. |
The Prospectus must be issued within___________ |
| A. | 90days of its registration |
| B. | 60days of the certificate of Incorporation |
| C. | 90days of the Statutory Meeting |
| D. | 60days of the first Annual General Meeting |
| Answer» B. 60days of the certificate of Incorporation | |
| 27. |
Who of the following is the most important functionary of a company?__________ |
| A. | Secretary. |
| B. | Treasurer. |
| C. | Managing Director. |
| D. | Manager |
| Answer» D. Manager | |
| 28. |
In one particular year, the company can close the Register for a period of, ____ |
| A. | Seven days at any one time |
| B. | Fourteen days at any one time |
| C. | Twenty-one days at any one time |
| D. | Thirty days at any one time |
| Answer» E. | |
| 29. |
Company can close the Register after publishing a notice in a local daily? ____ |
| A. | Seven days before the Register is closed. |
| B. | Fourteen days before the Register is closed |
| C. | Twenty-one days before the Register is closed |
| D. | One month before the Register is closed |
| Answer» B. Fourteen days before the Register is closed | |
| 30. |
The public trustee may attend the meeting of the company_______ |
| A. | Himself |
| B. | Appoint a government officer |
| C. | Both a and b. |
| D. | Secretary. |
| Answer» D. Secretary. | |
| 31. |
If the guarantee Co. having no share capital the liability of shareholders will be |
| A. | to the extent of guarantee |
| B. | unpaid value of shares |
| C. | unlimited |
| D. | none of the above |
| Answer» B. unpaid value of shares | |
| 32. |
Annual Returns are required to be filed within___________ |
| A. | Within 30 days from the date annual General Meeting |
| B. | Within 60 days from the date of the Annual General Meeting |
| C. | Within 90 days from the Date of the Annual General Meeting |
| D. | Within six Months from the date of the Annual General Meeting |
| Answer» C. Within 90 days from the Date of the Annual General Meeting | |
| 33. |
Cumulative preference share holders have voting right if dividend are in arrears for years |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 34. |
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 |
| Answer» D. none | |
| 35. |
Public limited company paid up capital share is Rupees ______________ |
| A. | 50,000 |
| B. | 5,00,000 |
| C. | 1,00,000 |
| D. | 1,50,000 |
| Answer» C. 1,00,000 | |
| 36. |
A company can become a members of another company if it is so authorized by______ |
| A. | moa |
| B. | aoa |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. aoa | |
| 37. |
Proxies cannot vote on_________ |
| A. | show of hands |
| B. | poll |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. poll | |
| 38. |
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 |
| Answer» B. equity | |
| 39. |
Validity period of information memorandum is___________ |
| A. | 1 year |
| B. | 2 years |
| C. | 3 years |
| D. | 4 years |
| Answer» B. 2 years | |
| 40. |
Minimum no. of Directors in case of private company is __________ |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 41. |
Minimum number of members in case of public company |
| A. | 1 |
| B. | 2 |
| C. | 5 |
| D. | 7 |
| Answer» E. | |
| 42. |
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 |
| Answer» C. 6 | |
| 43. |
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 |
| Answer» C. both (a) or (b) | |
| 44. |
Stamp duty on registration of the company is payable based on____________ capital. |
| A. | nominal |
| B. | authorized |
| C. | both (a) & (b) |
| D. | none |
| Answer» D. none | |
| 45. |
________ resolution should be passed by the company to offer shares to outsiders |
| A. | special resolution |
| B. | ordinary resolution |
| C. | c.g |
| D. | none of the above |
| Answer» B. ordinary resolution | |
| 46. |
____ are the shares issued by the company to it employees or directors for consideration other than cash |
| A. | bonus |
| B. | sweat |
| C. | right |
| D. | none of the above |
| Answer» C. right | |
| 47. |
The doctrine of indoor management is an_________ to the doctrine of constructive notice |
| A. | exception |
| B. | extension |
| C. | alternative |
| D. | none of the above |
| Answer» C. alternative | |
| 48. |
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 |
| Answer» D. none of these | |
| 49. |
_______ % 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 |
| Answer» B. more than 40 | |
| 50. |
In how many days did the company have its registered office after incorporation |
| A. | 10 |
| B. | 20 |
| C. | 30 |
| D. | 40 |
| Answer» D. 40 | |