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.
| 101. |
Who of the following persons brings about the incorporation, and organization of a company ______________ |
| A. | A member |
| B. | A promoter |
| C. | A manager |
| D. | A director |
| Answer» C. A manager | |
| 102. |
From below, point out which of the following is not a requirement or condition needs to be complied with to make allotment of shares effective__________ |
| A. | Allotment by proper authority |
| B. | Within reasonable time |
| C. | Absolute and unconditional |
| D. | Issuance of a certificate. |
| Answer» E. | |
| 103. |
Which of the following is not the way of acquiring a membership of the a company under the Companies Act, 1956___________ |
| A. | By allotment of shares |
| B. | By transfer of shares |
| C. | By appointment. |
| D. | By nomination. |
| Answer» D. By nomination. | |
| 104. |
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 |
| Answer» E. | |
| 105. |
In case of continuing default to convene the AGM fine is Rs.___________ for every day. |
| A. | 250 |
| B. | 300 |
| C. | 350 |
| D. | 400 |
| Answer» B. 300 | |
| 106. |
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 |
| Answer» B. private company | |
| 107. |
U/s 274 (f) (g) directors are disqualified for how many________ years. |
| A. | 1 |
| B. | 3 |
| C. | 5 |
| D. | 7 |
| Answer» D. 7 | |
| 108. |
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 |
| Answer» D. 20 years | |
| 109. |
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 |
| Answer» C. both (a) and (b) | |
| 110. |
Ques. If any body wants to file a case against the company they should file atwhat place _____ |
| A. | company |
| B. | registered office |
| C. | bod |
| D. | books of accounts |
| Answer» C. bod | |
| 111. |
Ques. In the MOA there are 6 clauses. We can alter all clauses expect oneclause. What is that clause? |
| A. | objects clause |
| B. | name clause |
| C. | association clause |
| D. | none of these |
| Answer» D. none of these | |
| 112. |
Ques. In how many days did the company have its registered office afterincorporation |
| A. | 10 |
| B. | 20 |
| C. | 30 |
| D. | 40 |
| Answer» D. 40 | |
| 113. |
Ques. The doctrine of indoor management is an_________ to the doctrine ofconstructive notice |
| A. | exception |
| B. | extension |
| C. | alternative |
| D. | none of the above |
| Answer» C. alternative | |
| 114. |
Ques. ________ resolution should be passed by the company to offer shares tooutsiders |
| A. | special resolution |
| B. | ordinary resolution |
| C. | c.g |
| D. | none of the above |
| Answer» B. ordinary resolution | |
| 115. |
Ques. ____ are the shares issued by the company to it employees or directorsfor consideration other than cash |
| A. | bonus |
| B. | sweat |
| C. | right |
| D. | none of the above |
| Answer» C. right | |
| 116. |
Ques. Stamp duty on registration of the company is payable basedon____________ capital. |
| A. | nominal |
| B. | authorized |
| C. | both (a) & (b) |
| D. | none |
| Answer» D. none | |
| 117. |
Ques. In case of Non -Profit making Companies books of accounts are requiredto be preserved for _____ years |
| A. | 2 |
| B. | 4 |
| C. | 6 |
| D. | 8 |
| Answer» C. 6 | |
| 118. |
Ques. _______ % of shares should be held by a company in another companyso 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 | |
| 119. |
Ques. A company is named as govt. company if it is holds_________ % of paidup share capital |
| A. | more than 30 |
| B. | more than 40 |
| C. | more than 50 |
| D. | none |
| Answer» D. none | |
| 120. |
Ques. Central Government permission is required in caseof_____ 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) | |
| 121. |
Ques. A company can become a members of another company if it is soauthorized by______ |
| A. | moa |
| B. | aoa |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. aoa | |
| 122. |
Ques. Name of the member is struck off from the register in caseof____________ |
| A. | issue of share certificate |
| B. | share warrant |
| C. | forfeiture |
| D. | none of the above |
| Answer» C. forfeiture | |
| 123. |
Ques. ______ years of imprisonment will be imposed in case of issue ofprospectus with untrue statements |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 124. |
Ques. Which one of the following has a right to claim compensation for anyloss 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 | |
| 125. |
Ques. If minimum subscription is not received application money should berefunded with in _____ days |
| A. | 20 |
| B. | 25 |
| C. | 30 |
| D. | 10 |
| Answer» E. | |
| 126. |
Ques. Deposits should issued with in__________ weeks from the date ofreceipt of money. |
| A. | 2 |
| B. | 4 |
| C. | 6 |
| D. | 8 |
| Answer» E. | |
| 127. |
Question: In case of Partly Convertible Debentures non-convertible portion isclassified as_____ |
| A. | debt |
| B. | equity |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. equity | |
| 128. |
Question: Cumulative preference share holders have voting right if dividendare in arrears for years |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 129. |
Question: First AGM must be held within_____________ from theincorporation of the company |
| A. | 15 months |
| B. | 18 months |
| C. | 12 months |
| D. | none of these |
| Answer» C. 12 months | |
| 130. |
Question: If the guarantee Co. having no share capital the liability ofshareholders 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 | |
| 131. |
Question: In case of red-herring prospectus the refund is made with an interest@_____ |
| A. | 12 |
| B. | 13 |
| C. | 15 |
| D. | 16 |
| Answer» D. 16 | |
| 132. |
Question: If a new company get registered with a name which resembles thename of existing company then it should apply to whom? |
| A. | nclt |
| B. | sebi |
| C. | roc |
| D. | none of the above |
| Answer» B. sebi | |
| 133. |
Question: After the expiry of how much time the company must think that thepermission was not granted |
| A. | 11 weeks |
| B. | 12 weeks |
| C. | 10 weeks |
| D. | none of these |
| Answer» D. none of these | |
| 134. |
Question: Every AGM must be held with ___ from the date of the BalanceSheet. |
| A. | 4 months |
| B. | 6 months |
| C. | 9 months |
| D. | none of these |
| Answer» D. none of these | |
| 135. |
Question: Where the registrar strikes off the register the name of a company asa 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 |
| Answer» D. 20 years | |
| 136. |
Question: U/s 274 (f) (g) directors are disqualified for howmany________ years. |
| A. | 1 |
| B. | 3 |
| C. | 5 |
| D. | 7 |
| Answer» D. 7 | |
| 137. |
Question: In case of continuing default to convene the AGM fine isRs.___________ for every day. |
| A. | 250 |
| B. | 300 |
| C. | 350 |
| D. | 400 |
| Answer» B. 300 | |
| 138. |
Question: Which of the following is a right of the members of acompany_____ |
| A. | right to have share |
| B. | right appoint auditor |
| C. | right appoint director |
| D. | all the above |
| Answer» E. | |
| 139. |
Question: In case of Non -Profit making Companies notice of general meetingshould be given with in _____ days |
| A. | 14 |
| B. | 15 |
| C. | 21 |
| D. | 22 |
| Answer» B. 15 | |
| 140. |
Question: Debentures payable to person whose name appears both onDebenture Certificate and company’s register is called |
| A. | bearer |
| B. | unregistered |
| C. | registered |
| D. | none of the above |
| Answer» D. none of the above | |
| 141. |
Question: The company must deliver share certificate within______ if the sharesapplied for transfer. |
| A. | 3 months |
| B. | 2 months |
| C. | 5 months |
| D. | none of these |
| Answer» C. 5 months | |
| 142. |
Question: The time gap between two AGM’s shall not exceed. |
| A. | 15 months |
| B. | 18 months |
| C. | 16 months |
| D. | none of these |
| Answer» B. 18 months | |
| 143. |
Question: Liability under_____ sec. may be imposed only if it is proved that thecompanies business has been carried on with a view to defraud the creditors |
| A. | 540 |
| B. | 541 |
| C. | 542 |
| D. | 543 |
| Answer» D. 543 | |
| 144. |
Question: The time period for conduction of AGM is extended by ROC for howmany months |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» D. 4 | |
| 145. |
Question: _________ Order to call a EGM even though 1 member present inperson or by proxy. |
| A. | roc |
| B. | c.g |
| C. | nclt |
| D. | d.c.a |
| Answer» C. nclt | |
| 146. |
Ques. conceives the idea of the business |
| A. | promoters |
| B. | directors |
| C. | auditors |
| D. | none of the above |
| Answer» B. directors | |
| 147. |
Ques. Ultra vires loans granted by the company are |
| A. | void |
| B. | voidable |
| C. | valid |
| D. | none of the above |
| Answer» B. voidable | |
| 148. |
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 |
| Answer» C. bod | |
| 149. |
Ques. In how many days did the company have its registered office after incorporation |
| A. | 10 |
| B. | 20 |
| C. | 30 |
| D. | 40 |
| Answer» D. 40 | |
| 150. |
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 |
| Answer» D. none of these | |