Company Law Set 1
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This set of Company Law Multiple Choice Questions & Answers (MCQs) focuses on Company Law Set 1
Q1 | Question: _________ Order to call a EGM even though 1 member present inperson or by proxy.
- roc
- c.g
- nclt
- d.c.a
Q2 | Question: The time period for conduction of AGM is extended by ROC for howmany months
- 1
- 2
- 3
- 4
Q3 | Question: Maximum rate of discount that can be allowed on issue of shares
- 5%
- 10%
- 15%
- 20%
Q4 | Question: Liability under_____ sec. may be imposed only if it is proved that thecompanies business has been carried on with a view to defraud the creditors
- 540
- 541
- 542
- 543
Q5 | Question: The time gap between two AGM’s shall not exceed.
- 15 months
- 18 months
- 16 months
- none of these
Q6 | Question: Age limit of Directors in case of private company is ___________
- 65
- 70
- 75
- no limit
Q7 | Question: Debentures payable to a holder of certificate is called_____
- bearer
- unregistered
- secured
- both ((a) & ((b)
Q8 | Question: Minimum paid up share capital in case of a public company is _____
- 1 lakh
- 3 lakhs
- 5 lakhs
- 7 lakhs
Q9 | Question: The company must deliver share certificate within______ if the sharesapplied for transfer.
- 3 months
- 2 months
- 5 months
- none of these
Q10 | Question: The lending of funds ultra vires, the company has no rights
- under the company’s act
- contract act
- under equity
- none of the above
Q11 | Question: Share warrants can be issued with the prior approval of the____
- company law board
- dept of company affairs
- registrar
- none
Q12 | Question: Minimum no. of Directors in case of a public company is ___
- 1
- 2
- 3
- 4
Q13 | Question: Which of the following is not a member of a company?
- partnership firm
- foreigner
- government
- huf
Q14 | Question: Debentures payable to person whose name appears both onDebenture Certificate and company’s register is called
- bearer
- unregistered
- registered
- none of the above
Q15 | Question: ___ is issued in acknowledgement of any indebtedness
- debenture certificate
- share certificate
- share warrant
- none of the above
Q16 | Question: In case of Non -Profit making Companies notice of general meetingshould be given with in _____ days
- 14
- 15
- 21
- 22
Q17 | Question: Change in objects clauses can be effected
- for any reason
- for special reason only
- to comply with c.g order
- none of the above
Q18 | Question: Which of the following is a right of the members of acompany_____
- right to have share
- right appoint auditor
- right appoint director
- all the above
Q19 | Question: Which of the following can issue the share warrant
- public
- private
- both (a) & (b)
- none of the above
Q20 | Question: In case of continuing default to convene the AGM fine isRs.___________ for every day.
- 250
- 300
- 350
- 400
Q21 | Question: Transfer of shares in the case of public company is
- prohibited
- restricted
- freely transferable
- none of these
Q22 | Question: In the given below who are required to hold A.G.M___________
- public company
- private company
- government company
- all the three
Q23 | Question: U/s 274 (f) (g) directors are disqualified for howmany________ years.
- 1
- 3
- 5
- 7
Q24 | Question: Where the registrar strikes off the register the name of a company asa defunct one, the court has the power to order restoration of name with in:
- 5 years
- 7 years
- 10 years
- 20 years
Q25 | Question: A share warrant is transferable by ____________
- by execution of transfer deed
- by delivery
- both (a) and (b)
- none of the above