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This set of Regulatory Framework for Companies Multiple Choice Questions & Answers (MCQs) focuses on Regulatory Framework For Companies Set 5
Q1 | who among the following has no right to speak at the AGM?
- chairman of the company.
- whole time director of the company.
- proxy holders.
- none of the above, as everybody has the right to speak at the agm.
Q2 | Voting in a company Meeting can be through.
- ballot.
- raising hands.
- raising voice.
- all of these.
Q3 | Which document should be annexed to the notice of the statutory meeting?
- statutory report.
- proxy form.
- explanatory statement.
- both (a) and (b).
Q4 | The first Chairman is generally.
- elected by the board of directors.
- elected by the members.
- named in the article.
- named in the memorandum.
Q5 | East India Company is an example of.
- statutory company.
- registered company.
- chartered company.
- none of these.
Q6 | Where there is a non-executive chairman, at least …..of board shouldcomprise of independent directors.
- 1/3
- 2/3
- ½
- none of these
Q7 | The Whistle Blower Policy was recommended by…………….
- n.r.narayana moorthy
- anil ambani
- chris gopalakrishnan
- asim premji
Q8 | Audit Committee shall meet at least ………..times a year
- 5
- 2
- 4
- 3
Q9 | A public company is one which has a minimum paid up capital Rs...lakhs.
- 1
- 5
- 8
- 10
Q10 | A private company is one which has a minimum paid up capitalRs…….lakhs.
- 1
- 5
- 8
- 10
Q11 | The contracts signed by the promoters of a company continue to be theliability of ……….
- promoters
- company
- partners
- none
Q12 | A promoter of a company stands in the position of …….to future allotteesof shares.
- agent
- fiduciary
- solicitor
- trustee
Q13 | ……persons shall subscribe to the memorandum of a public company.
- 7
- 9
- 8
- 10
Q14 | The altered memorandum must be filed with the registrar within………….months.
- 30 days
- three months
- 60 days
- six months
Q15 | An act which is to be ultra vires a company is……………
- valid
- voidable
- void
- none
Q16 | A company issues prospectus within………….of its registration.
- 30 days
- three months
- 60 days
- six months
Q17 | The altered memorandum must be filed with the registrar within……….
- 30 days
- three months
- 60 days
- six months
Q18 | The statement in lieu of prospectus must be filed with the registrar atleast ………before any allotment of shares is made.
- 30 days
- three days
- 60 days
- six months
Q19 | Notice of the registered office of the company shall be given to theregistrar of companies within…………
- 30 days
- three months
- 60 days
- six months
Q20 | The judgement in the case of Foss Vs Hurbottle lays down the principle of ……
- rule of majority
- constructive notice
- indoor management
- public notice
Q21 | All those who are dealing with the company are expected to know thecontents of the memorandum and articles. This doctrine is called……………………..
- rule of majority
- constructive notice
- indoor management
- public notice
Q22 | The famous case of Royal British Bank Vs Turquand laid down the ruleof………….
- rule of majority
- constructive notice
- indoor management
- public notice
Q23 | The new section 60A relates to…………
- memorandum of association
- articles of association
- prospectus
- shelf prospectus
Q24 | The office of the director becomes vacant if he fails to obtain hisqualification shares within …………..months.
- 6
- 3
- 2
- 5
Q25 | The management of every company is controlled by ………………..
- manager
- secretary
- director
- none of these