MCQOPTIONS
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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.
| 51. |
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 |
| Answer» C. bod | |
| 52. |
conceives the idea of the business |
| A. | promoters |
| B. | directors |
| C. | auditors |
| D. | none of the above |
| Answer» B. directors | |
| 53. |
Company is recognized by _________________ |
| A. | Services |
| B. | Common Seal |
| C. | Directors |
| D. | Artificial Person |
| Answer» C. Directors | |
| 54. |
One of the feature of Company as _______________ |
| A. | Name |
| B. | Perpetuity |
| C. | Location |
| D. | Registration |
| Answer» C. Location | |
| 55. |
Company Law disputes are referred to_____________ |
| A. | CLB |
| B. | NCLT |
| C. | NCLAT |
| D. | District court |
| Answer» C. NCLAT | |
| 56. |
_____________ Company can be classified on based control company. |
| A. | Public |
| B. | Limited |
| C. | Registered |
| D. | Holding |
| Answer» E. | |
| 57. |
Company registered under Sec. 8 as per 2013 amendment can _________ |
| A. | Manufacturing |
| B. | give services |
| C. | not earn profits |
| D. | Limit Shares |
| Answer» D. Limit Shares | |
| 58. |
Company act 2013 have __________ number of sections |
| A. | 236 |
| B. | 56 |
| C. | 470 |
| D. | 536 |
| Answer» D. 536 | |
| 59. |
Corporate is person ficta fictitious person _______________ |
| A. | Concession theory |
| B. | Bracket Theory |
| C. | Fiction theory |
| D. | Feminist theory |
| Answer» D. Feminist theory | |
| 60. |
Theory which gives explanation to lifting the corporate Veil is _______ |
| A. | Concession theory |
| B. | Bracket Theory |
| C. | Fiction theory |
| D. | Feminist theory |
| Answer» C. Fiction theory | |
| 61. |
Memorandum of Association has ________ clause |
| A. | 7 |
| B. | 10 |
| C. | 12 |
| D. | 14 |
| Answer» B. 10 | |
| 62. |
Retrospective correction can be done, even after execution of action in |
| A. | Article of Association, |
| B. | Memorandum of Association |
| C. | Prospectus, |
| D. | Interpretation of Statue |
| Answer» B. Memorandum of Association | |
| 63. |
Registered address of the company can be reported to registrar maximum within ____________ days. |
| A. | 5 |
| B. | 30 |
| C. | 100 |
| D. | 365 |
| Answer» C. 100 | |
| 64. |
Company is defined under ____________ |
| A. | S.3 (1) (i) |
| B. | S.4 |
| C. | S.5 |
| D. | S.6 |
| Answer» B. S.4 | |
| 65. |
Private Company is defined under __________ |
| A. | S.3 (1) (iii) |
| B. | S.3 (1) (iv) |
| C. | S.4 |
| D. | S.4 (2) |
| Answer» B. S.3 (1) (iv) | |
| 66. |
Company registered under Company Law is _________ |
| A. | Legal Company |
| B. | Registered Company |
| C. | Chartered Company |
| D. | LLP |
| Answer» C. Chartered Company | |
| 67. |
Which one of the following statements is true __________ |
| A. | Any person can become the member of the company. |
| B. | Incorporated Company is a legal person and a citizen also. |
| C. | Debenture holders do not have the right to vote. |
| D. | All are false. |
| Answer» E. | |
| 68. |
Private Company restricts the number of its members up to _________ |
| A. | Two |
| B. | Ten |
| C. | 20 |
| D. | 50 |
| Answer» E. | |
| 69. |
Government Company is defined under ________ |
| A. | S.571 |
| B. | S.617 |
| C. | S.619 |
| D. | S.620 |
| Answer» C. S.619 | |
| 70. |
If direction to change the name of the company is given by the Central Government, the Company must change its name within ______________ |
| A. | One month |
| B. | Two months |
| C. | Three months |
| D. | Six months |
| Answer» D. Six months | |
| 71. |
Deposits should issued with in__________ weeks from the date of receipt of money. |
| A. | 2 |
| B. | 4 |
| C. | 6 |
| D. | 8 |
| Answer» E. | |
| 72. |
Which one of these cases, it was decided that a company incorporated by a single person can also have a separate legal entity ________ |
| A. | Solomon v/s. Solomon & Co. |
| B. | Ashbury Railway carriage Co. v/s. Riche. |
| C. | Foster v/s. Foster. |
| D. | Carriage and Iron Co. Ltd v/s. Rich. |
| Answer» C. Foster v/s. Foster. | |
| 73. |
Which one of these cases, is not related to separate entity of the company ____ |
| A. | Oax v/s. Turquand and Harding. |
| B. | Solomon v/s. Solomon & Co. |
| C. | In Re Kandoli Tea Co. |
| D. | Southern Foundaries Ltd. v/s. Shirla. |
| Answer» E. | |
| 74. |
In which one of these cases, the doctrine of ultra vires was laid down ________ |
| A. | Ashbury Railway Carriage & Iron Co. Ltd. v/s. Riche. |
| B. | Royal British Bank v/s. Turquand. |
| C. | Derry v/s. Peek |
| D. | Oax v/s. Turquand and Harding. |
| Answer» B. Royal British Bank v/s. Turquand. | |
| 75. |
The doctrine which says company is collective will and has its real psychic existence is based on __________ |
| A. | Fiction Theory. |
| B. | Realist Theory. |
| C. | Bracket Theory. |
| D. | Purpose Theory. |
| Answer» C. Bracket Theory. | |
| 76. |
If minimum subscription is not received application money should be refunded with in _____ days |
| A. | 20 |
| B. | 25 |
| C. | 30 |
| D. | 10 |
| Answer» E. | |
| 77. |
In case of red-herring prospectus the refund is made with an interest @_____ |
| A. | 12 |
| B. | 13 |
| C. | 15 |
| D. | 16 |
| Answer» D. 16 | |
| 78. |
Which of the firm must not have Articles of Association? _______________ |
| A. | Unlimited Companies, |
| B. | Companies limited by guarantee |
| C. | Private companies limited by shares must have Articles of Association. |
| D. | LLP |
| Answer» E. | |
| 79. |
Information memorandum + shelf prospectus together constitutes_____ |
| A. | memorandum |
| B. | articles |
| C. | prospectus |
| D. | none of the above |
| Answer» D. none of the above | |
| 80. |
The rule of constructive notice seeks to protect_____________ |
| A. | The company against the outsiders. |
| B. | Shareholders against the company. |
| C. | Outsiders against the company. |
| D. | Directors against the outsiders. |
| Answer» B. Shareholders against the company. | |
| 81. |
The doctrine of Indoor Management seeks to protect _____________ |
| A. | Outsiders against the company. |
| B. | Sanctioned by the Registrar of the companies. |
| C. | Authorised by Board of Directors. |
| D. | Allowed by Memorandum of Association. |
| Answer» B. Sanctioned by the Registrar of the companies. | |
| 82. |
The Prospectus must be issued within ______________ |
| A. | 90 days of its registration. |
| B. | 60 days of the Certificate of Incorporation. |
| C. | 90 days of the Statutory Meeting. |
| D. | 60 days of the first Annual General Meeting. |
| Answer» B. 60 days of the Certificate of Incorporation. | |
| 83. |
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 |
| Answer» D. none of these | |
| 84. |
Every person who knowingly issues a Prospectus without registration, is punishable _______________ |
| A. | With fine upto Rs.5000/- |
| B. | With fine upto Rs.2000/- |
| C. | With fine upto Rs.1000/- |
| D. | With fine upto Rs.1000/- and imprisonment upto one month. |
| Answer» B. With fine upto Rs.2000/- | |
| 85. |
In case of every company, a meeting of the Board of Directors shall be held at least____________ |
| A. | Once a month. |
| B. | Once in every two months. |
| C. | Once in every three months. |
| D. | Once a year. |
| Answer» D. Once a year. | |
| 86. |
The resolution passed at AGM are__________ |
| A. | valid |
| B. | void |
| C. | voidable |
| D. | void ab-initio |
| Answer» B. void | |
| 87. |
Maximum no .of members in case of public company is |
| A. | 0 |
| B. | unlimited |
| C. | 50 |
| D. | 100 |
| Answer» C. 50 | |
| 88. |
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» D. none of these | |
| 89. |
Transmission is effected by |
| A. | sale |
| B. | death |
| C. | insolvency |
| D. | both (b) & (c) |
| Answer» E. | |
| 90. |
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 |
| C. | subscribers to memo |
| D. | all the above |
| Answer» B. secondary market | |
| 91. |
The doctrine of__________ does not apply to acts void ab initio. |
| A. | ultra virus |
| B. | intra virus |
| C. | constructive notice |
| D. | indoor management |
| Answer» E. | |
| 92. |
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» C. 12 months | |
| 93. |
Forfeiture can be made only if it is authorized by ______ |
| A. | aoa |
| B. | moa |
| C. | roc |
| D. | c.g |
| Answer» C. roc | |
| 94. |
Minimum number of members in case of private company is |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 95. |
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» C. forfeiture | |
| 96. |
______ years of imprisonment will be imposed in case of issue of prospectus with untrue statements |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 97. |
No company limited by shares shall issue any preference share which is redeemable or irredeemable after the expiry of a period of____________ |
| A. | One year from the date of issue |
| B. | Two year from the date of issue |
| C. | Five years from the date of issue |
| D. | Ten years from the date of issue |
| Answer» E. | |
| 98. |
Directors are trustees of the company and not of individual shareholders . This principle was laid down in_____________ |
| A. | Perceival v/s. Wright |
| B. | Ramswamy Iyer v/s. Brahmayya & Co. |
| C. | Ferguson v/s. Wilson |
| D. | Lee v/s. Lee s Air Farming Ltd |
| Answer» B. Ramswamy Iyer v/s. Brahmayya & Co. | |
| 99. |
Which of the following sections, allows alteration of objects clause within certain defined limits______________ |
| A. | Section 15 |
| B. | Section 16 |
| C. | Section 17 |
| D. | Section 18 |
| Answer» B. Section 16 | |
| 100. |
If a new company get registered with a name which resembles the name of existing company then it should apply to whom? |
| A. | nclt |
| B. | sebi |
| C. | roc |
| D. | none of the above |
| Answer» B. sebi | |