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This set of Regulatory Framework for Companies Multiple Choice Questions & Answers (MCQs) focuses on Regulatory Framework For Companies Set 2
Q1 | Change of registered office of a company from one place to another in thesame city requires.
- board resolution.
- special resolution.
- ordinary resolution.
- special resolution with central government approval.
Q2 | Article of Association can be altered by.
- a resolution of board of directors.
- an ordinary resolution in annual general meeting by the shareholders.
- a special resolution.
- obtaining permission of the company law tribunal.
Q3 | A change in the registered office of the company from one state to anothercan be effected by.
- a resolution of the board of directors.
- a resolution passed in the general meeting of the company.
- a special resolution of the company and approval of the central government.
- a special resolution and confirmation of the company law tribunal.
Q4 | The charter of a company is its.
- prospectus.
- memorandum of association.
- certificate of incorporation.
- articles of association.
Q5 | A document which lays down the fundamental conditions upon which thecompany is allowed to form is called.
- memorandum of association.
- article of association.
- prospects.
- certificate of incorporation.
Q6 | The alteration of the Memorandum has to be certified by the Registrar.
- within 45 days.
- within 15 days.
- at his own time provided the company satisfies his queries in this respect.
- within 30 days.
Q7 | Memorandum of Association does not include.
- subscription clause.
- capital clause.
- liability clause.
- assets clause.
Q8 | ‘Shelf prospectus’ means a prospectus issued by.
- any trading company.
- any industrial company.
- any financial institution or banks.
- any existing company whose shares are listed on a recognized stock exchange.
Q9 | The ‘Golden Rule’ for framing of a prospectus was laid down in the case of.
- royal british bank.
- rex vs kylsant.
- new brunswick & canada rly. & land co. vs muggeridge.
- derry vs peek.
Q10 | The document which invites the public for subscribing capital in the formof shares and debenture is called.
- memorandum of association.
- article of association.
- prospectus.
- legal announcement.
Q11 | Which of the documents is not filed to the registrar at the time ofincorporation?
- memorandum.
- article of association.
- consent of the director.
- prospectus.
Q12 | A prospectus may contain a statement purporting to be made by an expert.The term “expert” includes.
- an engineer.
- a valuer.
- an accountant and any other person whose profession gives authority to a statement made by him.
- all the above.
Q13 | The most important clause in the Memorandum of Association of a company is.
- name clause.
- registered office clause.
- objects clause.
- liability clause.
Q14 | Who has certain remedies for misstatement in the prospectus against the company and the persons issuing the Prospectus?
- a person who has applied for shares in the company and who has been allotted shares.
- a buyer of shares in the open market.
- a subscriber to the memorandum.
- all the above.
Q15 | The prospectus must be issued within ………………… after the date onwhich a copy thereof has been delivered for registration.
- 30 days.
- 60 days.
- 90 days.
- 120 days
Q16 | Every prospectus
- has to be dated.
- need not be dated as per the provisions of law.
- can be dated depending upon the requirements of the boa
Q17 | The exception to the doctrine of constructive notice is provided in
- lifting the corporate veil.
- doctrine of ultra vires.
- doctrine of indoor management.
- none of the above.
Q18 | 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.
- constructive notice.
- indoor management.
- public notice.
- ultra vires.
Q19 | The Doctrine of indoor management provides protection to.
- the board of directors.
- the shareholders.
- the managing directors.
- outsiders.
Q20 | The doctrine of constructive notice protects the interest of.
- the company.
- the shareholders.
- the creditors.
- the debtors.
Q21 | An act of a director which is intra vires the Memorandum and ultra viresthe Articles of Association.
- cannot be ratified by the company.
- must necessarily be ratified by the company.
- may be ratified by the company.
- is void ab inito.
Q22 | Doctrine of constructive notice is related to.
- memorandum of association.
- articles of association.
- memorandum of association and articles of association both.
- neither memorandum of association nor articles of association.
Q23 | A person is disqualified from being appointed as a director of a company if.
- he has applied to be adjudged insolvent.
- he is of unsound mind.
- he is an undischarged insolvent.
- all the above.
Q24 | A person cannot be a director of more than …………… as per theCompanies (Amendment) Act, 2000.
- 5 companies.
- 10 companies.
- 15 companies.
- 20 companies.