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This set of Corporate Regulations Multiple Choice Questions & Answers (MCQs) focuses on Calls and Forfeiture,Surrender of Shares
Q1 | ________ is a short cut to forfeiture
- Lien
- Surrender
- Right issue
- None of the above
Q2 | No consideration shall be paid by the company in exchange of __________ shares
- Lien
- Forfeited
- Surrender
- None of the above
Q3 | Interest out of capital can be paid only if it is sanctioned by____
- MOA
- AOA
- NCLT
- C.G
Q4 | What is the time limit for conducting statutory meeting?
- 1 to 5 months
- 1 to 6 months
- 1 to 9 months
- None of these
Q5 | Notice of statutory meeting should be given with a period not less than
- 21 clear days
- 14 clear days
- 7 clear days
- None of these
Q6 | Notice of statutory meeting should be attested by at least.
- 3 directors
- 2 directors
- 3 directors
- None of these
Q7 | The time gap between two AGM’s shall not exceed.
- 15 months
- 18 months
- 16 months
- None of these
Q8 | First AGM must be held within __________ from the incorporation of the company
- 15 months
- 18 months
- 12 months
- None of these
Q9 | Every AGM must be held with ___________ from the date of the Balance Sheet.
- 4 months
- 6 months
- 9 months
- None of these
Q10 | First AGM must be held within ____________ from the date of the balance sheet
- 6months
- 9months
- 5months
- None of these
Q11 | AGM should be held at
- Company
- Registered office
- Corporate office
- None of these
Q12 | Failure to convene AGM u/s 166 penalty will be
- 50,000+250 per every day
- 75,000+250 per every day
- 1,00,000+250 per every day
- 25,000+250 per every day
Q13 | In case of Public Company the quorum should be
- 5 members
- 7 members
- 2 members
- None of these
Q14 | In case of private company the quorum should be
- 2 members
- 3 members
- 4 members
- None of these
Q15 | _______ meeting given an opportunity to the member to know discuss on promotion &formation of the company.
- General
- EGM
- Statutory
- None of the above
Q16 | _________ report is send by the directors to its members.
- Statutory
- Audit
- Annual
- None of the above
Q17 | In the given below who are not required to hold Statutory General Meeting
- Private company
- Government Company
- Public company
- Both (a) & (b)
Q18 | In case of Statutory General Meeting receipts & payments are prepared up to _______days before the date of report
- 3
- 5
- 7
- 9
Q19 | Who should certify that company allotted the shares and cash received in respect thereof ______
- Auditor
- Director
- Share holder
- Members
Q20 | In the given below who are required to hold A.G.M _______
- Public company
- Private company
- Government company
- All the three
Q21 | The time period for conduction of AGM is extended by ROC for how many months
- 1
- 2
- 3
- 4
Q22 | _________ opined that ROC could grant extension only when application for extensionis made before the expiry of period u/s 166 (1)
- DCA
- NCLT
- Govt
- Both (b) & (c)
Q23 | Which of the following company can held the AGM on public holiday__________
- Public company
- Private company
- Govt. company
- Association not for profits
Q24 | _______ may grant exemption to any class of companies with regard to the time & placeof AGM.
- C.G
- ROC
- NCLT
- D.C.A
Q25 | In case of failure to convene the AGM fine is upto Rs._________
- 25,000
- 50,000
- 75,000
- 80,000