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This set of Regulatory Framework for Companies Multiple Choice Questions & Answers (MCQs) focuses on Regulatory Framework For Companies Set 7
Q1 | The minutes of the share holder’s meeting are to be kept at the……….office of the company and must be open to inspection.
- registered
- divisional
- head
- none
Q2 | The meeting other than statutory and the annual general meeting of thecompany is…………
- extra ordinary meeting
- special meeting
- board
- none of these
Q3 | The statutory meeting is required to be held by ………..companies
- private
- public
- both
- none
Q4 | ……….is the proper authority to call annual general meeting.
- promoters
- manager
- board of directors
- secretary
Q5 | Which of the following is the feature of a registered company
- separate property
- perpetual succession
- common seal
- all of these
Q6 | ………. defines the extent of powers of powers of the company.
- articles of association
- memorandum of association
- prospectus
- information memorandum
Q7 | Table………….. is for memorandum of association of a company limited byshares.
- b
- c
- d
- e
Q8 | Table…………..is for memorandum of association of a company limited byguarantee and not having a share capital.
- b
- c
- d
- e
Q9 | Table…………..is for memorandum of association of a company limitedby guarantee and having a share capital.
- b
- c
- d
- e
Q10 | Table…………..is for memorandum of association of an unlimited company
- b
- c
- d
- e
Q11 | The procedure to write facts about a resolution and its decision iscalled……………
- explanatory statement
- statutory report
- minutes of narration
- none
Q12 | Which of the following is not true-
- a meeting of the board of directors must be held at least once in every 3 months.
- nobody corporate, association or firm can be appointed director of a company.
- the nominal value of qualification shares should not exceed rs.5000.
- directors are always liable for any misstatement in a prospectus.
Q13 | The first directors are usually named in the …………
- articles
- memorandum
- prospectus
- none
Q14 | ……………..may appoint additional directors from time to time if soauthorized by articles.
- manager
- secretary
- promoters
- board of directors
Q15 | ……………..is entitled to the management of the whole or substantially thewhole of the affairs of the company.
- manager
- secretary
- promoters
- board of directors
Q16 | ……….. liability is imposed on the directors if they manipulate or falsify theaccounts of the company.
- civil
- criminal
- statutory
- none
Q17 | Meeting cannot transact any business unless a……. is present at everystage of the meeting
- proxy
- manager
- quorum
- secretary
Q18 | The company shall send a duplicate copy of the contents of Register ofdirectors to the registrar within …….of the appointment of the directors.
- 30 days
- three months
- 60 days
- six months
Q19 | ………….meeting is the first meeting of the members of the public companyafter its incorporation
- board
- annual general
- departmental
- statutory
Q20 | A person liable to contribute towards the assets of the company on theevent of its being wound up is a …………
- liquidator
- solicitor
- contributory
- tribunal
Q21 | On a winding up order being made in respect of a company, the officialLiquidator shall, become the ………….. of the company.
- liquidator
- solicitor
- contributory
- tribunal
Q22 | When a winding up order has been made by the tribunal but there is noliquidator, the property of the company vests in the ……………….. .
- liquidator
- solicitor
- contributory
- tribunal
Q23 | After obtaining of certificate to commence business a company may bewound up if it does not commence business within ………………….. .
- one month
- three months
- six months
- one year
Q24 | A company may be wound up by the Tribunal by passing ……………………Resolution.
- special
- extra ordinary
- ordinary
- none of these
Q25 | A company has to submit a statement of affairs to the Official Liquidatorwithin …… days of the appointment of the official liquidator.
- 10
- 14
- 21
- 30