Company Law Set 3

Bachelor of Science in Law (BSL),

Bachelor of Laws (LLB),

Staff Selection Commission (SSC),

Common Law Admission Test (CLAT)

Practice Mode Previous
On This Page

This set of Company Law Multiple Choice Questions & Answers (MCQs) focuses on Company Law Set 3

Q1 | Ques. A company can become a members of another company if it is soauthorized by______
  • moa
  • aoa
  • both (a) & (b)
  • none of the above
Answer: moa
Q2 | Ques. Validity period of information memorandum is___________
  • 1 year
  • 2 years
  • 3 years
  • 4 years
Answer: 1 year
Q3 | Ques. Central Government permission is required in caseof_____ conversion____
  • private to public
  • public to private
  • both (a) or (b)
  • none of the above
Answer: public to private
Q4 | Ques. Paying back of capital is called
  • redemption
  • conversion
  • participation
  • none
Answer: redemption
Q5 | Ques. Proxies cannot vote on_________
  • show of hands
  • poll
  • both (a) & (b)
  • none of the above
Answer: show of hands
Q6 | Ques. Minimum number of members in case of public company
  • 1
  • 2
  • 5
  • 7
Answer: 7
Q7 | Ques. Minimum no. of Directors in case of private company is __________
  • 1
  • 2
  • 3
  • 4
Answer: 2
Q8 | Ques. A company is named as govt. company if it is holds_________ % of paidup share capital
  • more than 30
  • more than 40
  • more than 50
  • none
Answer: more than 50
Q9 | Ques. _______ % of shares should be held by a company in another companyso as to become subsidiary
  • more than 50
  • more than 40
  • more than 30
  • more than 20
Answer: more than 50
Q10 | Ques. In case of Non -Profit making Companies books of accounts are requiredto be preserved for _____ years
  • 2
  • 4
  • 6
  • 8
Answer: 4
Q11 | Ques. Accepting of deposits from public in case of private company is
  • prohibited
  • restricted
  • acceptable
  • none of these
Answer: prohibited
Q12 | Ques. Stamp duty on registration of the company is payable basedon____________ capital.
  • nominal
  • authorized
  • both (a) & (b)
  • none
Answer: both (a) & (b)
Q13 | Ques. ____ are the shares issued by the company to it employees or directorsfor consideration other than cash
  • bonus
  • sweat
  • right
  • none of the above
Answer: sweat
Q14 | Ques. ________ resolution should be passed by the company to offer shares tooutsiders
  • special resolution
  • ordinary resolution
  • c.g
  • none of the above
Answer: special resolution
Q15 | Ques. The doctrine of indoor management is an_________ to the doctrine ofconstructive notice
  • exception
  • extension
  • alternative
  • none of the above
Answer: extension
Q16 | Ques. Companies are now allotted a_________ in addition to their name
  • PAN
  • SIN
  • PIN
  • CIN
Answer: CIN
Q17 | Ques. In how many days did the company have its registered office afterincorporation
  • 10
  • 20
  • 30
  • 40
Answer: 30
Q18 | Ques. In the MOA there are 6 clauses. We can alter all clauses expect oneclause. What is that clause?
  • objects clause
  • name clause
  • association clause
  • none of these
Answer: association clause
Q19 | Ques. If any body wants to file a case against the company they should file atwhat place _____
  • company
  • registered office
  • bod
  • books of accounts
Answer: registered office
Q20 | Ques. Ultra vires loans granted by the company are
  • void
  • voidable
  • valid
  • none of the above
Answer: void
Q21 | Ques. conceives the idea of the business
  • promoters
  • directors
  • auditors
  • none of the above
Answer: promoters
Previous