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This section includes 218 Mcqs, each offering curated multiple-choice questions to sharpen your C Sharp Programming knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
One of the following is the instance where the just and equitable clause forwinding up can be adopted by the Tribunal. |
| A. | oppression of minority by the majority. |
| B. | inability to pay debts. |
| C. | commercial insolvency. |
| D. | reduction of members below minimum. |
| Answer» B. inability to pay debts. | |
| 102. |
The company agrees that the remuneration of non- executive directorsshall be decided by. |
| A. | board of directors. |
| B. | company. |
| C. | share holders. |
| D. | central government. |
| Answer» B. company. | |
| 103. |
According to sec 297, a director shall not enter into any contract with thecompany except with the consent of …….. |
| A. | manager |
| B. | secretary |
| C. | employees |
| D. | board of directors |
| Answer» E. | |
| 104. |
The minutes book can be inspected by the. |
| A. | shareholders free of charge. |
| B. | debenture holders on payment. |
| C. | any one on payment. |
| D. | none of the above. |
| Answer» B. debenture holders on payment. | |
| 105. |
The remuneration payable to a whole time director of the company shouldnot exceed. |
| A. | 5% of the net profits. |
| B. | 6 % of the net profits. |
| C. | 7 % of the net profits. |
| D. | 10% of the net profits. |
| Answer» B. 6 % of the net profits. | |
| 106. |
The Cadbury Committee suggests that the non- executive directors canplay a crucial role in |
| A. | meetings |
| B. | management |
| C. | decision-making |
| D. | corporate governance |
| Answer» E. | |
| 107. |
…………….transfer whereby the transferor hands over to the buyer theshare certicate and a blank transfer deed. |
| A. | blank |
| B. | forged |
| C. | mutual |
| D. | none |
| Answer» B. forged | |
| 108. |
Statutory meeting of the company is held. |
| A. | every year. |
| B. | after every two years. |
| C. | once in the life time of the company. |
| D. | every year at the discretion of the board of directors. |
| Answer» D. every year at the discretion of the board of directors. | |
| 109. |
When a winding up order has been made by the tribunal but there is noliquidator, the property of the company vests in the ……………….. . |
| A. | liquidator |
| B. | solicitor |
| C. | contributory |
| D. | tribunal |
| Answer» E. | |
| 110. |
A company is called an artificial person because |
| A. | it does not have the shape of a normal man. |
| B. | it cannot be sued in the court of law. |
| C. | it is invisible and intangible. |
| D. | it exists only in contemplation of law. |
| Answer» E. | |
| 111. |
Any document filed with the registrar will be deemed to have been read andunderstood by all those who deal with the company. It is as per the doctrine of. |
| A. | constructive notice. |
| B. | indoor management. |
| C. | public notice. |
| D. | ultra vires. |
| Answer» B. indoor management. | |
| 112. |
A public company is one which has a minimum paid up capital Rs...lakhs. |
| A. | 1 |
| B. | 5 |
| C. | 8 |
| D. | 10 |
| Answer» C. 8 | |
| 113. |
In a members voluntary winding up the notice of the resolution forwinding up shall be filed with the registrar within ………….. days of passing of the resolution. |
| A. | 10 |
| B. | 14 |
| C. | 21 |
| D. | 30 |
| Answer» C. 21 | |
| 114. |
The maxim “delegates nonpotest delegare” states the. |
| A. | duty to delegate to a director. |
| B. | duty not to delegate their duties. |
| C. | duty of a subordinate not to protest when duty has been delegated to him. |
| D. | none of above. |
| Answer» C. duty of a subordinate not to protest when duty has been delegated to him. | |
| 115. |
According to section 283 (1) (g) if a director absents himself from 3consecutive board meetings or from all meetings consecutively for a period of 3 months without obtaining leave of absence. |
| A. | he shall be fined with rs.500. |
| B. | he shall be held accountable to the registrar. |
| C. | his office shall become vacant. |
| D. | all the above. |
| Answer» D. all the above. | |
| 116. |
Legal position of a promoter of a company is. |
| A. | that of an agent. |
| B. | that of a trustee. |
| C. | that of a solicitor. |
| D. | in a fiduciary capacity. |
| Answer» E. | |
| 117. |
As per Sec 260, the additional directors are entitled to hold office onlyupto next ………… meeting |
| A. | board |
| B. | annual general |
| C. | departmental |
| D. | statutory |
| Answer» C. departmental | |
| 118. |
The number and nominal amount of shares allotted must be stated in…… |
| A. | splitting of allotment |
| B. | return of allotment |
| C. | renunciation of allotment |
| D. | irregular allotment |
| Answer» C. renunciation of allotment | |
| 119. |
Which of the documents is not filed to the registrar at the time ofincorporation? |
| A. | memorandum. |
| B. | article of association. |
| C. | consent of the director. |
| D. | prospectus. |
| Answer» E. | |
| 120. |
The new section 60A relates to………… |
| A. | memorandum of association |
| B. | articles of association |
| C. | prospectus |
| D. | shelf prospectus |
| Answer» E. | |
| 121. |
Certificate of commencement of business is not required by. |
| A. | a public company. |
| B. | a private company. |
| C. | both public and private companies. |
| D. | private company subsidiary to a public company. |
| Answer» C. both public and private companies. | |
| 122. |
Name of a company can be changed by. |
| A. | an ordinary resolution. |
| B. | a special resolution. |
| C. | an approval of the central government. |
| D. | a special resolution and with approval of the central government. |
| Answer» E. | |
| 123. |
List B of contributories contains ……………… members of the company. |
| A. | existing |
| B. | past |
| C. | future |
| D. | ex-officio |
| Answer» C. future | |
| 124. |
The first directors of a public company are appointed by the. |
| A. | public. |
| B. | shareholders. |
| C. | promoters. |
| D. | government. |
| Answer» D. government. | |
| 125. |
A transfer in which the signature of the transferor is forged iscalled…………transfer. |
| A. | blank |
| B. | forged |
| C. | mutual |
| D. | none |
| Answer» C. mutual | |
| 126. |
A private Limited company commences business. |
| A. | at any time. |
| B. | after obtaining the certificate of incorporation. |
| C. | after obtaining the certificate to commence business. |
| D. | none of the above. |
| Answer» C. after obtaining the certificate to commence business. | |
| 127. |
When there is a deadlock between the directors. |
| A. | the central government can intervene and ask the directors to co-operate with each other. |
| B. | the company law tribunal has necessarily to intervene. |
| C. | shareholders may intervene to take necessary steps to ensure the working of the company. |
| D. | directors must forget about personnel issues and work for greater good. |
| Answer» D. directors must forget about personnel issues and work for greater good. | |
| 128. |
Except with the approval of the central Government, remuneration of awhole time director or a managing director shall not exceed …………… of the net profits for one such director. |
| A. | 3%. |
| B. | 5%. |
| C. | 10%. |
| D. | 11%. |
| Answer» D. 11%. | |
| 129. |
The object of winding up of a company by the Tribunal is. |
| A. | to facilitate the protection of its assets. |
| B. | to convert the company into private company if it is a public company. |
| C. | to convert the company into public company if it is a private company. |
| D. | to change the memorandum and articles. |
| Answer» B. to convert the company into private company if it is a public company. | |
| 130. |
When a director does an act which is in excess of his powers andcompany suffers a loss … is liable to make good the loss |
| A. | manager |
| B. | secretary |
| C. | director |
| D. | board of directors |
| Answer» D. board of directors | |
| 131. |
The ‘common seal’ of the company should have |
| A. | the company’s name. |
| B. | the words ‘corporate seal’. |
| C. | the place of the company. |
| D. | all the above. |
| Answer» E. | |
| 132. |
The most important clause in the Memorandum of Association of a company is. |
| A. | name clause. |
| B. | registered office clause. |
| C. | objects clause. |
| D. | liability clause. |
| Answer» D. liability clause. | |
| 133. |
Unless the articles provide for the retirement of all directors at everyannual general meeting, at least ………of the total number of directors retire by rotation. |
| A. | 1/3 |
| B. | 2/3 |
| C. | 2/4 |
| D. | 1/2 |
| Answer» C. 2/4 | |
| 134. |
The company agrees that the remuneration of non- executive directorsshall be decided by |
| A. | board of directors |
| B. | director |
| C. | non executive director |
| D. | manager |
| Answer» B. director | |
| 135. |
A public company can be called as a body corporate after it. |
| A. | receives certificate of commencement of business. |
| B. | issues prospectus. |
| C. | receives certificate of incorporation. |
| D. | receives approval from the registrar for the proposed name of the |
| Answer» D. receives approval from the registrar for the proposed name of the | |
| 136. |
East India Company is an example of. |
| A. | statutory company. |
| B. | registered company. |
| C. | chartered company. |
| D. | none of these. |
| Answer» D. none of these. | |
| 137. |
A company issues prospectus within………….of its registration. |
| A. | 30 days |
| B. | three months |
| C. | 60 days |
| D. | six months |
| Answer» D. six months | |
| 138. |
Which document should be annexed to the notice of the statutory meeting? |
| A. | statutory report. |
| B. | proxy form. |
| C. | explanatory statement. |
| D. | both (a) and (b). |
| Answer» E. | |
| 139. |
Tribunal may appoint the official liquidator to be the liquidator provisionallyat any time. |
| A. | after the presentation of petition for winding up. |
| B. | after making the winding up order. |
| C. | after dissolution. |
| D. | before the statutory meeting. |
| Answer» B. after making the winding up order. | |
| 140. |
Maximum managerial remuneration permissible under the Companies Act,1956 for public limited companies is. |
| A. | 10% of the net profits. |
| B. | 5% of net profit. |
| C. | 11% of net profit. |
| D. | 8% of net profit. |
| Answer» D. 8% of net profit. | |
| 141. |
……………..may appoint additional directors from time to time if soauthorized by articles. |
| A. | manager |
| B. | secretary |
| C. | promoters |
| D. | board of directors |
| Answer» E. | |
| 142. |
A public company may be wound up by the Tribunal if the number of itsmembers is reduced below ………… |
| A. | 7 |
| B. | 14 |
| C. | 21 |
| D. | 28 |
| Answer» B. 14 | |
| 143. |
The minimum and maximum number of members in a private company are. |
| A. | 7 and 50. |
| B. | 2 and 50. |
| C. | 3 and 100. |
| D. | 2 and unlimited. |
| Answer» C. 3 and 100. | |
| 144. |
Statutory meeting of the company must be held within. |
| A. | one month of obtaining the certificate to commence business. |
| B. | 3 months of obtaining the certificate to commence business. |
| C. | 6 months of obtaining the certificate of incorporation. |
| D. | 6 months of obtaining the certificate to commence business. |
| Answer» E. | |
| 145. |
A private company is one which has a minimum paid up capitalRs…….lakhs. |
| A. | 1 |
| B. | 5 |
| C. | 8 |
| D. | 10 |
| Answer» B. 5 | |
| 146. |
After obtaining of certificate to commence business a company may bewound up if it does not commence business within ………………….. . |
| A. | one month |
| B. | three months |
| C. | six months |
| D. | one year |
| Answer» E. | |
| 147. |
Audit committee shall act in accordance with the terms of reference to bespecified by. |
| A. | statutory auditors. |
| B. | sebi. |
| C. | board of directors. |
| D. | central government. |
| Answer» D. central government. | |
| 148. |
Change of registered office of a company from one place to another in thesame city requires. |
| A. | board resolution. |
| B. | special resolution. |
| C. | ordinary resolution. |
| D. | special resolution with central government approval. |
| Answer» B. special resolution. | |
| 149. |
The Board of Directors can exercise the power to appoint directors in the case of. |
| A. | additional directors. |
| B. | filling up the casual vacancy. |
| C. | alternate directors. |
| D. | all the above. |
| Answer» E. | |
| 150. |
The charter of a company is its. |
| A. | prospectus. |
| B. | memorandum of association. |
| C. | certificate of incorporation. |
| D. | articles of association. |
| Answer» C. certificate of incorporation. | |