Regulatory Framework For Companies Set 5

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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