Companies Ordinance 1984/Corporate

Law/Company Law for ACMA (ICMAP) & CA

Students—Multiple Choice Questions &
Answers—Rehan Aziz Shervani—(Advocate
High Court)-0333-4324961—ICMAP Class-Stage
IV- Section A
Answers are in green color.
1. ARTICLES OF ASSOCIATION ARE:
I. MANDATORY
II. NECESSARY
III. OPTIONAL
IV. NONE
2. ARTICLES OF ASSOCIATION ARE FOR:
I. EXTERNAL AFFAIRS OF A COMPANY
II. INTERNAL AFFAIRS OF A COMPANY
III. BOTH i) & ii)
IV. Public company
3. FOR AN ASSOCIATED COMPANY,MINIMUM NO OF SHARES WHICH SHOULD BE DIRECTLY OR
INDIRECTLY CONTROLLED BY A PERSON:
I. 15%
II. 10%
III. 20%
IV. 50%
4. IF A COMPANY OR UNDERTAKING IS SUBSIDAIRY OF ANOTHER THEN IT IS:
I. PRIVATE COMPANY
II. PUBLIC COMPANY
III. ASSOCIATED COMPANY
IV. ALL OF THE ABOVE
5. IF A PERSON IS THE OWNER OF OR DIRECTOR IN A COMPANY OR UNDERTAKING OR WHO SO
CONROLS SHARES NOT LESS THEN 10% OF:
I. GOVERNING POWER
II. RULING POWER
III. VOTING POWER
IV. ALL OF THE ABOVE
6. A BODY CORPORATE OR CORPORATION IS A COMPANY:
I. INCORPORATED OUTSIDE THE PAKISTAN
II. INSIDE THE PAKISTAN
 III. LISTED ON STOCK EXCHANGE
IV. NONE OF THE ABOVE
7. OFFICIAL GAZETTE IS A:
I. NEWSPAPER
II. CIRCULAR
III. OFFICIAL NEWSPAPER
IV. ADVERTISEMENT
8. BOOK AND PAPER OR BOOKS OF ACCOUNT ARE:
I. SAME
II. DIFFERENT
III. NONE
IV. ANYTHING CONTAINED INFORMATION ABOUT THE COMPANY
9. CHIEF EXECUTIVE IS ENTRUSTED:
I. WHOLE POWERS OF MANAGEMENT
II. SUBSTABTIALLY THE WHOLE POWERS OF MANAGEMENT
III. BOTH i) & ii)
IV. NONE OF THE ABOVE
10. IF A COMPANY IS INCORPORATED BEFORE 1984,THEN IT IS:
I. HOLDING COMPANY
II. SUBSIDIARY COMPANY
III. EXISTING COMPANY
IV. ASSOCIATED COMPANY
11. COMPANY LIMITED BY SHARES MEANS A COMPANY HAVING THE LAIBILITY OF ITS MEMBERS:
I. LIMITED TO THE AMOUNT,IF ANY,UNPAID ON THE SHARES RESPECTIVELY HELD BY
THEM
II. UNLIMITED TO THE AMOUNT,IF ANY,UNPAID ON SHARES RESPECTIVELY HELD BY THEM.
III. SPECIFIC LIABILITY
IV. NONE OF THE ABOVE
12. DEBENTURES ARE:
I. DEBT SECURITIES
II. EQUITY SECURITIES
III. BOTH i) & ii)
IV. NONE
13. ANY PERSON OCCUPYING THE POSITION OF A DIRECTOR IS:
I. NOT DIRECTOR
II. DIRECTOR
III. CHIEF EXECUTIVE
IV. OFFICER
14. SUMMONS,NOTICE,REQUITION,ETC ARE:
I. BOOK & PAPER
II. BOOKS OF ACCOUNT
III. DOCUMENTS
IV. ALL
15. FINANCIAL YEAR IS:
I. CALENDER YEAR
II. NOT CALENDER YEAR
III. PERIOD IN RESPECT OF WHICH ANY PROFIT & LOSS ACCOUNT IS PREPARED
IV. BOTH ii) & iii)
16. HOLDING COMPANY MEANS A COMPANY AS DEFINED IN SECTION:
I. 42
II. 3
III. 5
IV. 10
17. IF A PERSON HAVE ANY SHARE,SCRIP OR OTHER SECURITY WHICH GIVES HIM A VOTING
POWER/RIGHT BECOMES:
I. DIRECTOR
II. CHIEF EXECUTIVE
III. MEMBER
IV. OFFICER
18. EVERY SHREHOLDER IS:
I. MEMBER OF COMPANY
II. NOT MEMBER OF COMPANY
III. OWNER OF COMPANY
IV. BOTH ii) & iii)
19. MEMORANDUM OF ASSOCIATION ARE:
I. INTERNAL AFFAIRS OF COMPANY
II. EXTERNAL AFFAIRS OF COMPANY
III. MANDATORY
IV. BOTH i) & iii)
20. IF A COMPANY RESTRICTS TO TRANSFER ITS SHARES,THEN IT IS:
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. HOLDING COMPANY
IV. EXISTING COMPANY
21. PRIVATE COMPANY LIMITS THE NUMBER OF ITS MEMBERS TO:
I. 30
II. 20
III. 40
IV. 50
22. WHEN TWO OR MORE PERSONS HOLD ONE OR MORE SHARES IN A COMPANY JOINTLY,THEY
WILL BE TREATED AS:
I. SINGLE MEMBER
II. SEPERATELY AS MEMBERS
III. DIRECTORS
IV. NONE
23. IF AN ADVERTISEMENT INVITES PUBLIC FOR THE SUBSCRIPTION OR PURCHASE OF ANY
SHARES,IT IS:
I. DOCUMENT
II. BOOK & PAPER
III. PROSPECTUS
IV. ALL
24. REDEEMABLE CAPITAL:
I. IS BASED ON INTEREST
II. NOT BASED ON INTEREST
III. ARE ORDINARY SHARES
IV. NONE
25. CD-ROM AND FLOPPY CONTAINING THE NAMES OF MEMBERS OF COMPANY & DEBENTURE
HOLDERS ARE:
I. BOOK & PAPER
II. BOOKS OF ACCOUNTS
III. REGISTER
IV. ALL OF THE ABOVE
26. SPECIAL RESOLUTION SHOULD BE PASSED BY THE MAJORITY OF:
I. 2/5 MEMBERS
II. 6/10 MEMBERS
III. 3/4 MEMBERS
IV. 2/4 MEMBERS
27. NUMBER OF DAYS OF NOTICE SPECIFYING THE INTENTION TO PROPOSE THE RESOLUTION AS
SPECIAL RESOLUTION ARE:
I. 50 DAYS
II. 30 DAYS
III. 25 DAYS
IV. 21 DAYS
28. REMOVAL OF CHIEF EXECUTIVE IS DONE BY:
I. DIRECTORS
II. OWNERS
III. SPECIAL RESOLUTION
IV. NONE
29. XYZ COMPANY HOLDS 50% OF VOTING SECURITIES OF ABC COMPANY,THEN,XYZ IS:
I. SUBSIDIARY COMPANY
II. HOLDING COMPANY
III. ASSOCIATED COMPANY
IV. ALL
30. ABC IS:
I. HOLDING COMPANY
II. LISTED COMPANY
III. PRIVATE COMPANY
IV. SUBSIDIARY COMPANY
31. SUBSIDIARY OF SUBSIDIARY COMPANY:
I. HOLDING COMPANY OF SUBSIDIARY COMPANY
II. EXISTING COMPANY
III. SUBSIDIARY OF SUBSIDIARY HOLDING COMPANY
IV. BOTH i) & iii)
32. COMPANIES ORDINANCE DOESNOT APPLY TO:
I. TRADING CORPORATION CONTROLLED OR OWNED BY PROVINCE
II. CO-OPERATIVE SOCIETY
III. A UNIVERSITY
IV. ALL OF THE ABOVE
33. A NON-TRADING CORPORATION,THE OBJECTS OF WHICH ARE CONFINED BY SINGLE PROVINCE
WILL ACT UNDER:
I. COMPANIES ORDINANCE 1984
II. SECURITIES AND EXCHANGE ORDINANCE 1969
III. PROVINCIAL GOVERNMENT ITSELF REGULATE
IV. NONE OF THE ABOVE
34. A PARTNERSHIP OR ASSOCIATION CONSISTING OF MORE THAN TWENTY PERSONS IS:
I. LEGAL
II. ILLEGAL
III. VALID
IV. NONE
35. A PARTNERSHIP OR COMPANY CONSISTING OF MORE THAN TWENTY PERSONS SHOULD BE:
I. REGISTERED UNDER COMPANIES ORDINANCE
II. NOT REGISTERED
III. INCORPORATED UNDER COMPANIES ORDINANCE 1984
IV. BOTH i) & iii)
36. THE PERSON WHO IS THE MEMBER OF SUCH PARTNERSHIP,WHICH HAS MORE THAN 20
MEMBERS SHOULD BE PUNISHED WITH FINE WHICH MAY EXTEND TO:
I. 10 THOUSAND
II. 15 THOUSAND
III. 5 THOUSAND
IV. 1 THOUSAND
37. ANY (THREE) OR MORE PERSONS ASSOCIATED FOR ANY LAW PURPOSE SUBSCRIBING THEIR
NAMES TO MEMORANDUM OF ASSOCIATION & COMPLYING WITH COMPANIES ORDINANCE
WILL FORM:
I. PUBLIC COMPANY
II. HOLDING COMPANY
III. PRIVATE COMPANY
IV. ORDINARY COMPANY
38. ANY MINIMUM REQUIRMENT OF ASSOCIATION FOR A PRIVATE COMPANY IS:
I. 5
II. 7
III. 1
IV. 2
39. IN MEMORANDUM THE NAME OF COMPANY AS PRIVATE WILL BE WRITTEN AS:
I. PRIVATE LIMITED
II. LIMITED
III. PVT
IV. (PRIVATE) LIMITED
40. IN MEMORANDUN; NO SUBSCRIBER OF THE MEMORANDUM SHALL TAKE LESS THAN:
I. 20 SHARES
II. 5 SHARES
III. 2 SHARES
IV. 1 SAHRES
41. THE TRADING CORPORATION IN MEMORANDUM SHALL STATE THEIR:
I. LIABILITY
II. SHARE CAPITAL
III. OBJECTS
IV. NONE
42. EACH SUBSCRIBER OF THE MEMORANDUM SHALL WRITE OPPOSITE TO HIS NAME:
I. THE LIMIT OF LIABILITY
II. THE NUMBER OF SHARES
III. BOTH i) & ii)
IV. NONE
43. IN CASE OF MEMORANDUN OF COMPANY LIMITED BY GUARANTEE;EACH MEMBER
UNDERTAKES TO COMTRIBUTES TO THE ASSETS OF THE COMPANIES OR AFTER:
I. 3 YEAR AFTER PAYMENT OF DEBTS
II. 2 YEAR AFTER PAYMENT OF DEBTS
III. 1 YEAR AFTER PAYMENT OF DEBTS
IV. 5 YEAR AFTER PAYMENT OF DEBTS
44. ARTICLES OF ASSOCIATION MAY ADOPT:
I. ALL REGULATIONS CONTAINED IN TABLE A IN 1ST SCHEDULE
II. ANY OF THE REGULATIONS OF TABLE A
III. BOTH i) & ii)
IV. NONE
45. IN WHICH CASE,ARTICLES SHALL THE AMOUNT OF SHARE CAPITAL;IF THE COMPANY HAS A
SHARE CAPITAL:
I. UNLIMITED COMPANY
II. COMPANY LIMITED BY GAURANTEE
III. NONE
IV. BOTH i) & ii)
46. IF ARTICLEA OF THE COMPANY AFFECTS THE SUBSTANTIVE RIGTHS OR LIABILITIES OF MEMBERS
OR OF A CLASS MEMBERS,IT SHALL BE CARRIED OUT ONLY IF THE MAJORITY OF:
I. 5/10
II. 1/2
III. 3/4
IV. 3/5
47. THE MEMORANDUM AND ARTICLES SHALL WHEN REGISTERED,BIND THE COMPANT AND
MEMBERS THEREOF TO THE SAME EXTENT IF THEY RESPECTIVELY HAVE BEEN:
I. READ
II. NOTICED
III. OBSERVED
IV. SINGED
48. ALL MONEY PAYABLE BY ANY MEMBER TO THE COMPANY UNDER THE MEMORANDUM OR
ARTICLES SHALL BE A:
I. DEBT
II. INVESTMENT
III. STOCK
IV. NONE
49. ON THE REGISTERATION OF THE MEMORANDUM OF A, THE REGISTERAR SHALL CERTIFY BY
HAND THAT THE COMPANY:
I. REGISTERED
II. ESTABLISHED
III. INCORPORATED
IV. ALL OF THE ABOVE
50. CERTIFICATE OF INCORPORATION IS LIKE A :
I. EVIDENCE
II. BIRTH CERTIFICATE
III. BOTH i) & ii)
IV. NONE OF THE ABOVE
51. PROOF OF THE EXISTENCE OF THE COMPANY IS:
I. ARTICLES OF THE ASSOCIATION
 II. MEMORANDUM OF ASSOCIATION
III. CERTIFICATE OF INCORPORATION
IV. STAMP
52. EVERY COMPANY SHALL SEND TO EVERY MEMBER,AT HIS REQUEST,COPIES OF MEMORANDUM
AND ARTICLES WITHIN:
I. 10 DAYS
II. 12DAYS
III. 14 DAYS
IV. 21 DAYS
53. IF THE COMPANY MAKES DEFAULT IN SENDIND THE COPIES OF THE MEMORANDUM AND
ARTICLES SHALL BE LIABLE TO A FINE:
I. 500
II. 200
III. 300
IV. 100
54. A COMPANY WRITES THE SAME AS ANOTHER IS EXISTING SHALL:
I. CONTINUE TO WORK
II. SHALL NOT BE REGISTERED
III. BE ALLOWED
IV. NONE OF THE ABOVE
55. IF A COMPANY HAS ANY CONNECTION WITH FOREIGN GOVERNMENT OR INTERNATIONAL
ORGANIZATION IS :
I. VALID
II. BODY CORPORATE
III. SUBSIDARY
IV. CAN’T BE REGISTERED
56. ASSOCIATION NOT FOR PROFIT ARE ESTABLISED AND INCORPORATED CAN BE REGISTERED
WITHOUT THE ADDITIONS OF THE WORDS:
I. “LIMITED”
II. “PRIVATE LIMITED”
III. “GAURANTEE LIMITED”
IV. ALL OF THE ABOVE
57. COMPANIES UNDER SECTION 42 ARE GENERALLY CALLED”
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. NGOS
IV. HOLDING COMPANY
58. COMPANIES LIKE NGOS CAN’T PAY TO ITS MEMBERS:
I. SALARIES
II. REMUNERATION
III. BOTH i) & ii)
IV. DIVIDEND
59. ASSOCIATIONS NOT FOR PROFIT INCORPORATED ENJOY ALL THE PREVILEGES OF:
I. LIMITED COMPANY
II. UNLIMITED COMPANY
III. PUBLIC COMPANY
IV. NONE
60. A LICENCE OF NOT FOR PROFIT OR NGOs MAY BE REVOKED BY THE COMMISSION AND UPON
THE REVOCATION THE REGISTRAR SHALL ENTER THE WORDS:
I. REVOKED
II. (PRIVATE)LIMITED
III. (GAURANTEE)LIMITED
IV. BOTH i) & iii)
61. A COMPANY LIMITED GY GAURANTEE & NOT HAVING THE SHARE CAPITAL AND BY PROVISIONS
IN THE MEMORANDUM OR ARTICLES OR ANY RESOLUTION PURPORTING TO DIVIDE THE
UNDERTAKING OF THE COMPANY INTO SHARES OR INTERESTS SHALL BE TREATED AS
PROVISION FOR:
I. ISSUED CAPITAL
II. ALLOTED CAPITAL
III. AUTHORISED CAPITAL
IV. SHARE CAPITAL
62. AS IN THE CASE SECTION 6 A PERSON HAVING THE RIGHT TO PARTICIPATE IN THE PROFITS OF
THE COMPANY OTHERWISE AS THE MEMBER SHALL BE:
I. DIRECTOR
II. EXECUTIVE
III. AUDITOR
IV. VOID
63. A PROSPECTUS ISSUED SHOULD BE:
I. ON THE BEHALF OF COMMISSION
II. ON THE BEHALF OF SUBSIDIARY
III. ON THE BEHALF OF COMPANY
IV. NONE
64. THE ON WHICH PROSPECTUS IS ISSUED AND THAT DATE,UNLESS THE CONTRARY IS PROVED BE
TAKEN AS:
I. ISSUED DATE
II. STARTING DATE
III. DATE OF COMMINSMENT
IV. DATE OF PUBLICATION
65. EVERY PROSPECTUS ISSUED BY OR ON THE BEHALF OF COMPANY OR BY OR ON THE BEHALF OF
THE PERSON WHO HAS ENGAGED OR INTERSETED IN THE:
I. SHARES OF THE COMPANY
II. ASSETS OF THE COMPANY
III. FORMATION OF THE COMPANY
IV. ALL OF THE ABOVE
66. PROSPECTUS PUBLISHED SHOULD BE:
I. DAILY NEWSPAPER ONLY
II. DAILY URDU NEWSPAPER ONLY
III. ONE URDU AND ONE ENGLISH NEWSPAPER
IV. TWO ENGLISH AND ONE URDU NEWSPAPER
67. PROSPECTUS ISSUED SHALL BE MADE AVAILABLE AT:
I. REGISTERED OFFICE OF THE COMPANY
II. STOCK EXCHANGE AT WHICH IT IS LISTED
III. WITH BANKERS TO ISSUE THE PROSPECTUS
IV. ALL OF THE ABOVE
68. NO PROSPECTUS SHALL BE ISSUED OR AN ADVERTISEMENT OF A PROSPECTUS IN NEWSPAPER
LESS THAN BEFORE SUBCRIPTION LIST
I. 3 DAYS
II. 5 DAYS
III. 21 DAYS
IV. 7 DAYS
69. THE MAXIMUM PERIOD OF ISSUE OF PROSPECTUS BEFORE SUBSCRIPTION LIST:
I. 28 DAYS
II. 25 DAYS
III. 30 DAYS
IV. 35 DAYS
70. IF A PROSPECTUS IS ISSUED WITHOUT THE REQUIRMENTS OF SECTION 53 SUB-SECTION 1&2
AND REGISTRAR,THE PERSON LIABLE FOR FINE WHO HAD PREPARED THE PROSPECTUS TO FINE
NOT EXCEEDING:
I. 5000
II. 15000
III. 10000
IV. 25000
71. AS THE SENERIO ABOVE,IN CASE OF A DEFAULT TO A FURTHER FINE NOT
EXCEEDING__________ FOR EVERY DAY FROM THE DATE OF ISSUE OF PROSPECTUS:
I. 500
II. 300
III. 200
IV. 1000
72. A CONDITION OR REQUIREMENT BINDING AN APPLICANT FOR SHARE IN OR DEBENTURE OF A
COMPANY TO WAIVE COMPLIANCE WITH ANY OF THE REQUIREMENTS AND NOT MENTIONED
IN THE PROSPECTUS SHALL BE:
I. LEGAL
II. ALLOWED
III. VOID
IV. VALID
73. THE FORM OF APPLICATION FOR SHARES IN OR DEBENTURES OF A COMPANY,UNLESS THE
FORM IS ACCOMPANIED BY PROSPECTUS:
I. IS APPLICALBLE
II. NOT APPLICABLE
III. CAN BE ACCEPTED
IV. NONE
74. THE SHARES OR DEBENTURES WHICH WERE NOT OFFERED TO PUBLIC, THE APPLICATION FORM
WITHOUT PROSPECTUS;THE SHARES OR DEBENTURES CAN BE:
I. ISSUED
II. CAN’T BE ISSUED
III. VOID
IV. NONE
75. NO ONE SHALL ISSUE ANY FORM OF APPLICATION FOR SHARES IN OR DEBENTURES OF A
COMPANY UNLESS THA FORM IS ACCOMPANIED BY PROSPECTUS;IF ANY PERSON ACTS IN
CONTRAVENTION OF THIS SECTION,HE SHALL BE LIABLE TO A FINE NOT EXCEEDING:
I. 5000
II. 3000
 III. 2000
IV. 1000
76. NO ALLOTMENT SHALL BE MADE OF ANY SHARE CAPITAL OF A COMPANY OFFERED TO PUBLIC
FOR SUBSCRIPTION UNLESS THE AMOUNT STATE IN PROSPECTUS AS THE MINIMUM AMOUNT
IN OPINION OF DIRECTORS MUST BE:
I. RAISED BY ISSUE OF SHARE CAPITAL
II. AND FULL AMOUNT THEREOF HAS BEEN PAID
III. AND THE AMOUNT RECEIVED IN CASH BY CO
IV. ALL OF THE ABOVE
77. ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND KEPT IN A
SEPARATE:
I. LOCKER
II. CUSTODY
III. BANK ACCOUNT
IV. NONE
78. ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND KEPT IN A
SEPARATE BANK ACCOUNT UNTILL:
I. THE BUSINESS STARTS
II. LAW ALLOWS
III. THE CERTIFICATE TO COMMENCE BUSINESS IS OBTAINED
IV. ALL
79. THE AMOUNT PAYABLE ON APPLICATION ON EACH SHARE SHALL BE THE FULL:
I. ORDINARY AMOUNT OF THE SHARES
II. SPECIAL AMOUNT OF THE SHARES
III. NOMINAL AMOUNT OF THE SHARES
IV. BOTH ii) & iii)
80. IF SUCH MONEY IS NOT REPAID WITHIN __________ DAYS AFTER THE ISSUE OF PROSPECTUS:
I. 40 DAYS
II. 50 DAYS
III. 21 DAYS
IV. 28 DAYS
81. IF THE AMOUNT OF UN-SUCCESSFUL APPLICANT IS NOT REFUNDED;THE DIRECTORS OF THE
COMPANY ARE LIABLE TO PAY SURCHARGE @ __________ PER MONTH:
I. 1-3/2 %
II. 1-4/5 %
III. 1-1/2 %
IV. NONE
82. MINIMUM SUBCRIPTION IS THE AMOUNT OF CAPITAL MENTIONED:
I. ARTICLES OF ASSOCIATION
II. PROSPECTUS
III. BOTH i) & ii)
IV. NONE
83. THE MONEY RECEIVED IN EXCESS OF MINIMUM SUBCRIPTION IS REQUIRED TO BE:
I. DEPOSITED
II. REFUNDED
III. UTILIZED
IV. NONE
 84. IN CASE OF CONTRAVENTION OF SUBCRIPTION OF SHARES AND ALLOTMENT OF SHARES;THE
DIRECTORS,PROMOTERS OR THER PERSONS KNOWINGLY RESPONSIBLE FOR SUCH
CONTRAVENTION SHALL BE LIABLE TO A FINE NOT EXCEEDING:
I. 5,000
II. 15,000
III. 2,000
IV. 10,000
85. IN CASE OF CONTINUING CONTRAVENTION TO A FURTHER FINE NOT EXCEEDING __________
FOR EVERY DAY AFTER THE FIRST DURING WHICH CONTRAVENTION _____________
CONTINUES:
I. 500
II. 600
III. 300
IV. 200
86. AN ALLOMENT OF SHARES MADE BY COMPANY TO AN APLLICANT IN THE CONTRAVENTION OF
THE PROVISIONS OF RESTRICTION AS TO ALLOTMENT AND STATEMENT IN LIEU OF
PROSPECTUS;SHALL BE:
I. VALID
II. VOID
III. VOIDABLE
IV. NOT ENFORCEABLE
87. THE SENERIO ABOVE THE MINIMUM TIME REQUIRED FOR THE ALLOTMENT OF SHARES TO BE
VOIDABLE AFTER THE HOLDING OF STATUTORY MEETING OF THE COMPANY:
I. 35 DAYS
II. 40 DAYS
III. 30 DAYS
IV. 50 DAYS
88. IN CASE OF EFFECT OF IRREGULAR ALLOTMENT OF SHARES;THE PROCEEDINGS TO RECOVERANY
SUCH LOSS,DAMAGES OR COSTS SHALL NOT BE COMMENCED AFTER THE EXPIRATION OF
________ FROM THE DATE OF THE ALLOMENT:
i. 1 YEAR
ii. 1.5 YEAR
iii. 2 YEARS
iv. 2.5 YEARS
89. WHERE A COMPANY ISSUES ANY INVITATION TO THE PUBLIC TO SUBCRIBE FOR ITS SHARESOR
OTHER SECURITIES;THE PERIOD OF REPAYMENT OF UNACCEPTED OR UNSUCCESSFUL
APPLICATION WITHIN:
15 DAYS
I. 25 DAYS
II. 10 DAYS
III. 25 DAYS
IV. 20 DAYS

90. IF REFUNDED OF RUPEES FOR THE APPLICATION AND SUBCRIPTION OF SHARES IS NOT MADE
WITHIN 10 DAYS,THE DIRECTORS OF THE COMPANY SHALL BE JOINTLY AND SEVERALLY LIABLE TO
_______________ SURCHARGE FOR EVERY MONTH OR PART THEREFO FROM THE EXPIRATION OF
THE FIFTEETH DAY:
 I. 1.5 %
II. 2.5 %
III. 3.5 %
IV. 0.5 %

91. THE FINE ABOVE,IN ADDITIONAL FINE NOT EXCEEDING ____________:

I. 3000
II. 2000
III. 5000
IV. 2500

92. IN CASE OF FURTHER OR CONTINUOUS OFFENCE TO A FURTHER FINE NOT EXCEEDING

__________ FOR EVERY DAY AFTER THE SAID FIFTEETH DAY ON WHICHTHE DEFAULT
CONTINUES.

I. 500
II. 300
III. 200
IV. 100

93. EVERY COMPANY WITH _________ DAYS AFTER THE ALLOTMENT OF ITS SHARES, DEBENTURES OR
DEBENTURE STOCK AND WITHIN _________ DAYS AFTER THE APPLICATION FOR THE REGISTER OF THE
TRANSFER OF SHARES, DEBENTURES OR DEBENTURE STOCK, COMPLETE AND HAVE READY FOR
DELIVERY ALL SHARES, THE DEBENTURES AND CERTIFICATE OF ALL DEBENTURES STOCK ALLOTED OR
TRANSFERRED:

I. 30 AND 15 DAYS
II. 25 AND 50 DAYS
III. 90 AND 45 DAYS
IV. 60 AND 30 DAYS

94. IF DEFAULT IS MADE IN COMPLYING WITH REQUIREMENT OF ABOVE SECTION; THE COMPANY AND
EVERY OFFICER OF THE COMPANY WHO IS KNOWINGLY A PART TO DEFAULT SHALL BE LIABLE TO A FINE
NOT EXCEEDING ___________ FOR EVERY DAY DURING WHICH DEFAULT CONTINUES:

I. 500
II. 200
III. 100
IV. NONE

95. A DUBLICATE OF CERTIFICATE OF SHARES, DEBENTURES OR DEBENTURES ISSUED SHALL BE ISSUED

BY THE COMPANY WITH _________ FROM THE DATE OF APPLICATION IF THE ORIGINAL ____________:

I. 50 DAYS
II. 45 DAYS
III. 35 DAYS
IV. 25 DAYS
96. IF THE COMPANY FOR ANY REASONABLE CAUSE IS UNABLE TO ISSUE DUPLICATE CERTIFICATE, IT
SHALL NOTIFY THIS FACT, ALONGWITH THE REASONS WITHIN _________ FROM THE DATE OF
APPLICATION, TO THE APLLICANT:

I. 35 DAYS
II. 30 DAYS
III. 25 DAYS
IV. 20 DAYS

97. IF ANY DEFAULT IS MADE IN COMPLYING WITH REQUIREMENTS OF THIS SECTION, THE COMPANY
AND EVERY OFFICER OF THE COMPANY WHO IS KNOWINGLY A PART TO THE DEFAULT SHALL BE LIABLE
TO FINE NOT EXCEEDING:

I. 1000
II. 1500
III. 200
IV. 500

98. IF A COMPANY WITH INTENT TO DEFRAUD,RENEWS A CERTIFICATE, THE COMPANY SHALL BE

PUNISHABLE WITH FINE WHICH MAY EXTEND TO:

I. 10,000
II. 15,000
III. 20,000
IV. 25,000

100. THE SENERIO ABOVE AND EVERY OFFICER OF THE COMPANY WHO IS IN DEFAULT SHALL BR
PUNISHABLE WITH IMPRISONMENT FOR TERM WHICH MAY EXTEND TO:

I. 1 YEAR
II. 6 MONTHS
III. 2 YEARS
IV. 5 YEARS

101. THE PUNISHMENT MADE ABOVE THE OFFICER OF COMPANY IN CASE OF DEFAULT/DEFRAUD TO
ISSUE OR ISSUE A DUPLICATE THEREOF THE FINE WHICH MAY EXTEND TO 10 THOUSAND AND OR
_________ OR BOTH:

I. PUNISMENT
II. IMPRISONMENT
III. DEPORT
IV. NONE

102. THE TRANSFER OF SHARES IS REGISTERED AND SHARES CERTIFICATE DULY TRANSFERRED IN THE
FAVOUR OF THE TRANFREE IS ISSUED WITHIN:
 I. 40 DAYS
II. 35 DAYS
III. 30 DAYS
IV. 50 DAYS

103. TRANSFER DEED DULY EXECUTED AND SIGNED BY THE TRANDFEROR AND TRANSFEREE AND DULY
WITNESSED ON THEIR BEHALF ARE DELIVERED ALONG WITH SHARE CERTIFICATES AT:

I. REGISTRAR OFFICE
II. SECP
III. AT REGISTERED OFFICE OF COMPANY
IV. NONE OF THE ABOVE

104. THE DELIVERY FEE FOR TRANSFER OF SHARE AND DEBENTURE CERTIFICATE BY:

I. COMPANY
II. TRANSFEROR
III. TRANSFEREE
IV. REGISTRAR

105. TRANSFER DEEDS ARE ACCEPTED AND TRANSFER IS RECORDED AT THE BACK OF THE SHARES-
CERTIFICATE IN THE MEMORANDUM OF TRANSFER COLUMN AND ENTERED INTO THE REGISTER OF THE:

I. EMPLOYEES OF THE COMPANY

II. DIRECTORS OF THE COMPANY
III. OFFICERS OF THE COMPANY
IV. MEMBERS OF THE COMPANY

106. COMPANY SHALL NOT REGISTER A TRANSFER OF SHARES OR DEBENTURES UNLESS PROPER
INSTRUMENT OF TRANSFER DULY:

I. WRITTEN & WITTNESSED

II. STAMPED
III. REGISTERED
IV. NONE

107. IN CASE OF A PUBLIC COMPANY, A FINANCIAL INSTITUTION DULY APPROVED BY THE _______ MAY
BE APPOINTED AS THE TRANSFER AGENT ON BEHALF OF THE COMPANY:

I. REGISTRAR
II. DIRECTORS
III. COMMISSION
IV. MEMBERS

108. IF THE COMPANY MAKES DEFAULT IN COMPLYING WITH ANY OF THE PROVISIONS OF TRANSFER
OF SHARES AND DEBENTURES IT SHALL LIABLE TO A FINE NOT EXCEEDING:

I. 1000
II. 2000
 III. 3000
IV. 5000

109. THE PERIOD OF TRANSFER OF SHARES IN CASE OF CENTRAL DEPOSITORY:

I. 10 DAYS
II. 20 DAYS
III. 5 DAYS
IV. 7 DAYS

110. THE DIRECTORS OF THE COMNPANY SHALL:

I. REFUSE TO TRANSFER ANY FULLY PAID SHARES

II. SHALL NOT REFUSE ANY FULLY PAID SHARES
III. BOTH i) & ii)
IV. NONE

111. THE COMPANY SHALL WITHIN _____________ FROM THE DATE ON WHICH THE INSTRUMENT OF
TRANFER WAS LODGED WITH IT NOTIFY THE DEFECT OR INVALIDITY TO THE TRANSFREE

I. 40 DAYS
II. 50 DAYS
III. 30 DAYS
IV. 25 DAYS

112. WHERE THE TRANFREE IS CENTRAL DEPOSITORY,WITHIN:

I. 10 DAYS
II. 3 DAYS
III. 4 DAYS
IV. 5 DAYS

113. IF A COMPANY REFUSES TO REGISTER A TRANSFER OF ANY SHARES OR DEBENTURES, THE

COMPANY SHALL, WITHIN _________ AFTER THE DATE ON WHICH THE INSTRUMENT OF TRANSFER WAS
LODGED WITH THE COMPANY, SEND TO THE TRANSFREE NOTICE OF REFUSAL INDICATING REASONS FPR
SUCH REFUSAL:

I. 50 DAYS
II. 40 DAYS
III. 30 DAYS
IV. 21 DAYS

114. IF THE DEFAUL IS MADE, THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS A PARTY
TO DEFAULT SHALL BE LIABLE TO A FINE NOT EXCEEDING:

I. 2500
II. 5000
III. 10000
IV. 20000
115. A FURTHER FINE NOT EXCEEDING _________ RUPEES FOR EVERY DAY AFTER THE FIRST DURING
WHICH DEFAULT CONTINUES:

I. 200
II. 500
III. 100
IV. 50

116. TRANSFER OF SHARES TO SUCCESSOR OR NOMINEE IS CALLED:

I. TRANMISSION
II. ALTERATION
III. NOMINATION
IV. NONE

117. THE LEGAL HEIR AND SUCCESSOR SHALL FURNISH THE FOLLOWING DOCUMENTS TO THE
COMPANY FOR TRANSFER OF SHARES:

I. SHARES CERTIFICATE IN ORIGINAL

II. SHARE TRANFER DEED
III. DEATH CERTIFICATE
IV. ALL OF THE ABOVE

118. THE COMPANY ON ITS SATISFACTION, SHALL TRANSFER THE SHARES IN RESPECT OF:

I. PROECESSOR
II. SUCCESSOR
III. BOTH
IV. NONE

119. THE PERSON NOMIATED FOR THE TRANFER OF SHARES IS:

I. SON
II. STEP-SON
III. ADOPTED-CHILD
IV. ALL

120. A PERSON IN HIS LIFE CAN:

I. TRANSFER OR SHARE THE RIGHTA OF ITS MEMBERSHIP

II. CAN’T SHARE THE RIGHTS OF MEMBERSHIP
III. AS THE CASE MAY BE
IV. NONE

121. THE NOMINATION MADE AND DEPOSITED BEFORE THE DEATH OF THE MEMBER IN LIKE MENNER
OR EXPRESSLY CAN BE:

I. CANCELLED
II. CHANGED
III. BOTH
 IV. NONE

122. THE TRANSFER OF SHARES OR DEBENTURES OF A DECREASED MEMBER BY HIS NOMINEE OR LEGAL
REPRESENTATIVE SHALL ALTHOUGH, HE IS NOT THE HIMSELF THE MEMBER BE AS:

I. VOID
II. VOIDABLE
III. VALID
IV. LEGAL OFFENCE

123. A TRANFER OF SHARES OR DEBENTURES OF A DECEASED PERSON BY HIS NOMINEE OR LEGAL

REPRESENTATIVE SHALL, ALTHOUGH THE NOMINEE OR LEGAL REPRESENTATIVE IS NOT HIMSELF A
MEMBER ,BE AS VALID IF HE HAD BEEN A MEMBER:

I. AT THE TIME OF SHARES OR DEBENTURES SUBCRIPTION

II. AT THE TIME OF FORMATION OF COMPANY
III. AT THE TIME OF EXECUTION OF THE INSTRUMENT TRANSFER
IV. NONE

124. MAIN CONDITIONS FOR RIGHT ISSUE OF SHARES IS:

I. THEY ARE ISSUED TO DIRECTORS

II. THEY ARE ISSUED TO PROMOTERS
III. THEY ARE ISSUED TO EXISTING SHARE HOLDER TO THEIR EXISTING SHARE HOLDING
IV. ALL OF THE ABOVE

125. THE ISSUE OF RIGHT SHARES SHALL BE MADE WITHIN:

I. UNLIMITED TIME
II. LIMITING TIME
III. 1 DAY
IV. 1 WEEK

126. A PUBLIC COMPANY CAN RAISED FURTHER CAPITAL WITHOUT THE ISSUE OF RIGHT SHARES ON THE
BASIS OF SPECIAL RESOLUTION IF THE COMPANY HAS GOT PERMISSION FROM:

I. PROVISIONAL GOVERNMENT
II. SECP
III. DIRECTORS
IV. FEDERAL GOVERNMENT

127. A PUBLIC COMPANY MAY RESERVE A CERTAIN PERCENTAGE OF SHARES/FURTHER ISSUE OF ITS
EMPOLYEES UNDER:

I. COMPANY SCHEME
II. LABOUR SCHEME
III. EMPLOYEE STOCK OPTION SCHEME
IV. NONE
128. EMPLOYEE STOCK OPTION SCHEME SHOULD BE APPROVED BY:

I. PROVISIONAL GOVERNMENT
II. COMMISSION
III. SECP
IV. BOTH ii) & iii)

129. THE OFFER OF NEW SHARES SHALL BE STRICTLY IN PROPORTION TO:

I. NUMBER OF EXISTING SHARE HOLDERS

II. NUMBER OF EXISTING DEBENTURE HOLDERS
III. NUMBER OF EXISTING SHARES HELD
IV. NUMBER OF EXISTING DEBENTURES HELD

130. THE OFFER OF NEW SHARES SHALL BE ACCOMPANIED BY A CIRCULAR DULY SIGNED BY:

I. DIRECTORS OF THE COMPANY

II. OFFICERS OF THE COMPANY
III. REGISTRAR
IV. BOTH ii) & i)

131. THE CIRCULAR PUBLISHED BY THE COMPANY FOR THE ISSUE OF RIGHT SHARES;IN THE FORM
PRESCRIBED BY THE COMMISSION CONTAIN INFORMATION ON:

I. ABOUT THE AFFAIRS OF THE COMPANY

II. LATEST STAEMENT OF THE ACCOUNTS
III. SETTING FORTH THE NECESSITY FOR THE ISSUE OF FURTHER SHARE
IV. ALL OF THE ABOVE

132. A COPY OR CIRCULAR FOR ISSUE OF FURTHER SHARES DULY SIGNED BY DIRSCTORS OR ON AN
OFFICER AUTHORISED SHALL BE FILED WITH _________ BEFORE CIECULAR IS SENT TO SHAREHOLDER:

I. COMMISSION
II. FEDERAL GAVERNMENT
III. PROVIONAL GOVERNMENT
IV. REGISTRAR

133. THE CIRCULAR SHALL SPECIFY A DATE BY WHICH THE OFFICER, IF NOT ACCEPTED:

I. WILL BE DEEMED TO BE DECLINED

II. WILL NOT BE DEEMED TO BE DECLINED
III. THEY SHARES CAN BE ISSUED IN SUCH A MANNER AS THEY DEEM FIT
IV. BOTH i) & iii)

134. IF A COMPANY INTENDS TO HAVE DIFFERENT KINDS OF SHARE CAPITAL AND CLASSES OF SHARES
THEREIN; IT SHALL SO SPECIFICALLY SO PROVIDE IN ITS:

I. MEMORANDUM
II. ARTICLES
III. BOTH
 IV. NONE

135. NO COMPANY SHALL ISSUE:

I. FULLY PAID SHARES

II. QUARTERLY PAID SHARES
III. PARTLY PAID SHARES
IV. ALL

136. IF A COMPANY HAS PARTLY PAID SHARES ON THE COMMENCEMENT OF THIS ORDINANCE, IT:

I. SHALL NOT FURTHER SHARE CAPITAL

II. ALL THE SHARES PREVIOUSLY ISSUED HAVE BECOME FULLY PAID UP
III. SHALL PAY DIVIDEND ONLY IN PROPORTION TO THE AMOUNT PAID ON EACH SHARES
IV. ALL OF THE ABOVE

137. A COMPANY LIMITED BY SHARES;IF SO AYTHORISED BY ITS ARTICLES MAY ALTER THE CONDITIONS
OF ITS:

I. ARTICLES
II. RESOLUTIONS
III. AGM
IV. MEMORANDUM

138. A COMPANY LIMITED BY SHARES; IF SO AUTHORISED BY ITS ARTICLES, MAY ALTER THE CONDITIONS
OF ITS MEMORANDUN SO AS TO:

I. INCREASE ITS SHARE CAPITAL BY SUCH AMOUNT AS IT THINKS EXPEDIENT

II. CONSOLIDATE AND DIVIDE THE WHOLE OR ANY PART OF ITS SHARE CAPITAL INTO
LARGER AMOUNT
III. SUB-DIVIDE ITS SHARE, OR ANY OF THEM INTO SMALLER AMOUNT
IV. ALL OF THE ABOVE

139. IN THE EVENT OF CONSOLIDATION OR SUB DIVISION OF SHARES ,RIGHTS ATTACHING TO NEW
SHARES SHALL BE STRICTLY PROPORTIONAL TO RIGHTS ATTACHING TO:

I. EXITING SHARES
II. PREFERRED SHARES
III. PREVIOUS SHARES
IV. BOTH i) & iii)

140. THE NEW SHARES ISSUED BY A COMPANY SHALL RANK __________ WITH EXISTING SHARES OF THE
CLAS TO WHICH THE NEW SHARES BELONG TO ALL ITS MATTERS:

I. MODUS OPERENDIE
II. BONAFIDE
III. PARI PASSU
IV. NONE
141. THE COMPANY SHALL FILE WITH THE REGISTRAR NOTICE OF EXERCISE OF ANY POWER REFER TO
POWER OF A COMPANY LIMITED BY SHARES TO ALTER ITS SHARE CAPITAL WITHIN __________ DAYS
FROM THE EXERCISE THEREOF:

I. 21 DAYS
II. 25 DAYS
III. 15 DAYS
IV. 35 DAYS

142. A COMPANY SHALL AS FROM THE DAYS ON WHICH IT BEGINS TO CARRY ON BUSSINESS OR AS
FROM _______ DAY AFTER THE DATE OF ITS INCORPORATION, WHICHEVER IS EARLIER, HAVE A
REGISTERED OFFICE:

I. 25 DAYS
II. 15 DAYS
III. 28 DAYS
IV. 40 DAYS

143.IF THE COMPANY FAILS TO REQUIREMENTS GIVEN ABOVE IT SHALL AND EVERY OFFICER OF THE
COMPANY WHO KNOWINGLY OR WILLFULLY AYTHORISES OR PERMITS THE DEFAULT SHALL LAIBLE TO A
FINE NOT EXCEEDING ________ FOR EVERY DAY DURING WHICH SUCH COMPLIANCE CONTINUES:

I. 15000
II. 10000
III. 200
IV. 500

144. EVERY ___________ COMPANY SHALL POINT OR AFFIX AND KEEP PAINTED OR AFFIXED, ITS NAME
ON THE OUTSIDE OF EVERY OFFICE OR PLACE IN WHICH ITS BUSINESS CARRIED ON, IN A CONSPICUOUS
POSITION:

I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. LIMITED COMPANY
IV. UNLIMITED COMPANY

145.THE NAME OF THE LIMITED COMPANY PAINTED OR AFFIXED SHOULD BE LEGIBLE AND IN:

I. ENGLISH
II. URDU
III. BOTH
IV. NONE

146. A LIMITED COMPANY SHALL HAVE ITS NAME ENGRAVEN IN LEGIBLE ENGLISH OR URDU
CHARACTERS ON ITS:

I. SEAL
II. LETTERS
 III. HUNDIS
IV. ALL OF THE ABOVE

147. A COMPANY OR OFFICER OF THE COMPANY WHO KNOWINGLY A PARTY MAKES DEFAULT IN
COMLYING WITH THW REQUIREMENTS OF PUBLICATION OF AUTHORISED AS WELL AS PAID UP CAPITAL
SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO

I. 10000
II. 5000
III. 7000
IV. 8000

148. A PUBLIC COMPANY SHALL NOT COMMENCE ANY BUSINESS UNLESS:

I. IT HAS RECEIVED MINIMUM SUBCRIPTION OF SHARES

II. DIRECTORS OF THE COMPANY HAS PAID FULL AMOUNT OF SHARES TAKEN
III. IT HAS REPAID ALL MONEY TO APPLICANTS IN CSAE OF FAILURE
IV. ALL OF THE ABOVE

149. IF A COMPANY SHALL NOT ISSUE PROSPECTUS INVITING THE PUBLIC TO SUBCRIBE FOR ITS SHARES,
THERE HAS BEEN FILED WITH THE REGISTRAR A STATEMENT:

I. IN SUBSTITUTE OF PROSPECTUS
II. FOR NOT DISCLOSING PROSPECTUS
III. IN LIEU OF PROSPECTUS
IV. BOTH i) & iii)

150. IF THE COMPANY IS DOING OR BORROWING ULTRA VIRUS; EVERY PERSON OR OFFICER WHO IS
RESPONSIBLE FOR CONTRAVENTION, SHALL WITHOUT PREJUDICE TO OTHER LIABILITIES BE LIABLE TO A
FINE NOT EXCEEDING ________ FOR EVERY DAY DUARING WHICH THE CONTRAVENTION CONTINUES:

I. 5000
II. 2000
III. 1000
IV. 1500

151. THE SECTION 146 OF RESTRICTIONS ON COMMENCEMENT OF BUSINESS SHLL NOT APPLY TO:

I. PRIVATE COMPANY
II. COMPANY LIMITED BY GAURANTEE
III. COMPANY NOT HAVING SHARE CAPITAL
IV. ALL OF THE ABOVE

152. EVERY COMPANY LIMITED BY SHARES AND EVERY COMPANY LIMITED BY GAYRANTEE AND HAVING
A SHARE CAPITAL, WITHIN A PERIOD OF NOT LESS ________ FRON THE DATE AT WHICH COMPANY IS
ENTITLES TO COMMENCE HOLD A GENERAL MEETING OF THE MEMBERS OF THE COMPANY:

I. 3 MONTHS
II. 4 MONTHS
 III. 5 MONTHS
IV. 6 MONTHS

153. THE CASE ABOVE THE MAXIMUM PERIOD FOR HOLDING A GENERAL MEETING OF MEMBERS OF
THE COMPANY:

I. 6 MONTHS
II. 7 MONTHS
III. 9 MONTHS
IV. 8 MONTHS

154. THE GENERAL MEETING SHALL BE CALLED:

I. RESOLUTION
II. STATUTORY MEETING
III. BOTH
IV. NONE

155. THE DIRECTORS SHALL, AT LEAST __________ BEFORE THE DATE ON WHICH MEETING IS HELD,
FORWARD A REPORT, IN THIS ORDINANCE REFFERED AS THE STATUTORY REPORT TO EVER MEMBER:

I. 40 DAYS
II. 25 DAYS
III. 20 DAYS
IV. 21 DAYS

156. THE STATUTORY REPORT SHALL BE CERTIFIED BY NOT LESS THAN:

I. 2 DIRECTORS
II. 5 DIRECTORS
III. 3 DIRECTORS
IV. 7 DIRECTORS

157. THE STATUTORY REPORT CERTIFIED BY THREE DIRECTORS, ONE OF WHOM SHALL BE:

I. OWNER OF THE COMPANY

II. SHAREHOLDER OF THE COMPANY
III. CHIEF EXECUTIVE OF THE COMPANY
IV. NONE

158. THE STATUTORY REPORT SHALL STATE:

I. TOTAL AMOUNT OF SHARES

II. DISTINGUISHING SHARES ALLOTED OTHERWISE THAN IN CASH
III. TOTAL AMOUNT OF CASH RECEIVED BY THE COMPANY IN RESPECT OFF ALL SHARE
ALLOTED
IV. ALL OF THE ABOVE

159. THE STATUTORY REPORT SHALL ALSO CONTAIN A BREIF ACCOUNT OF STATE OF COMPANIES
AFFAIRS SINCE ITS:
 I. INCORPORATION
II. COMMENCEMENT
III. BEGINNING DAY
IV. NONE

160. THE DIRECTORS SHALL CAUSE AT LEAST ___________ COPIES OF STATUTORY REPORT, CERTIFIED
AS AFORESAID TO BE DELIVERED TO THE REGISTRAR FOR REGISTRATION FORTHWITH AGTER SENDING
THE REPORT TO THE MEMBERS OF THE COMPANY:

I. 5
II. 6
III. 7
IV. 15

161. THE RESOLUTION OF WHICH NOTICE HAS NOT BEEN GIVEN IN ACCORDANCE WITH THE ARTICLES
MAY BE:

I. PASSED
II. MAY NOT BE PASSED
III. AS THE CASE MAY OR MAY NOT BE PASSED
IV. ONLY I)

162. THE SECTION RELATING TO “STATUTORY MEETING OF COMPANY”IN THE EVENT OF DEFAULT IN
COMLYING WITH THE PROVISIONS OF ANY OF THE SUB-SECTIONS;IF DEFAULT RELATES A LISTED
COMPANYA FINE NOT LESS THAN _____________ AND NOT EXCEEDING _________:

I. 10000 --- 15000

II. 10000 ---25000
III. 10000 ---20000
IV. NONE

163. IN CASE OF CONTINUING DEFAULT TO FURTHER FINE NOT EXCEEDING _________ FOR EVERY DAY
AFTER THE DURING WHICH DEFAULT CONTINUES:

I. 1000
II. 5000
III. 2000
IV. 3000

164. IF DEFAULTS RELATES TO OTHER THAN LISTED COMPANY, TO A FINE NOT EXCEEDING __________
RUPEES AND IN CASE OF CONTINUING DEFAULT TO FUTHER FINE NOT EXCEEDING __________ FOR
EVERY DAY THE FIRST DURING WHICH DEFAULT COMTINUES:

I. 5000 ---300
II. 5000 --- 100
III. 5000 --- 200
IV. NONE

165. THE SECTION “STATUTORY MEETING OF THE COMPANY” SHALL NOT APPLY TO:
 I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. COMPANY LIMITED BY GAURANTEE
IV. ALL

166. IF A PUBLIC IS CONVERTED INTO COMPANY LIMITED BY GAURANTEE THEN THIS SECTION SHALL:

I. NOT APPLY
II. APPLY
III. SHALL OR NOT APPLY
IV. NONE

167. IF A PUBLIC CONVERTS ITSELF FROM A PRIVATE AFTER ___________ YEAR OF INCORPORATION,
THIS SECTION SHALL NOT APPLY:

I. 2YEARS
II. 3 YEARS
III. 1 YEAR
IV. 5 YEARS

168. EVERY COMPANY SHALL HOLD, IN ADDITION TO ANY OTHER MEETING, A GENERAL MEETING AND
ITS GENERAL MEETING, WITHIN ________ MONTHS FROM THE DATE OF ITS INCORPORATION:

I. 12 MONTHS
II. 15 MONTHS
III. 18 MONTHS
IV. 16 MONTHS

169. ANNUAL GENERAL MEETING IN EVERY CALENDAR YEAR WITHIN A PERIOD OF _________ MONTH
FOLLOWING THE CLOSE OF ITS FINANCIAL YEAR:

I. 5
II. 3
III. 4
IV. 7

170. THE MAXIMUM PERIOD AFTER THE HOLDING OF ITS LOST PREECEDING ANNUAL GENERAL
MEETING IS:

I. 18 MONTHS
II. 15 MONTHS
III. 13 MONTHS
IV. 14 MONTHS

171. IN CASE OF LISTED COMPANY;THE REGISTRAR MAY GIVE TIME IF NOT BEING THE FIRST SUCH
MEETING HELD, SHALL BE HELD BY A PERIOD NOT EXCEEDING:

I. 40 DAYS
II. 35 DAYS
 III. 45 DAYS
IV. 30 DAYS

172. IN CASE OF LISTED COMPANY; AGM WILL BE HELD IN ATOWN IN WHICH:

I. COMPANY HAS FACTORY

II. COMPANY IS WORKING
III. ITS REGISTERED OFFICE IS EXISTING
IV. BOTH I) & III)

173. THE NOTICE OF AGM, IN CASE OF ITS BEING DISPATCHED IN NORMAL COURSE, SHALL ALSO BE
PUNISHED AT LEAST IN ONE ISSUE OF:

I. DAILY NEWSPAPER ENGLISH

II. DAILY NEWSPAPER URDU
III. BOTH
IV. NONE

174. THE PUBLICATION OF NOTICE OF AGM IN NEWSPAPERS,THESE NEWSPAPER HAVING CIRCULATION

IN PROVINCE IN WHICH:

I. COMPANY HAS REGISTERED OFFICE

II. COMPANY IS WORKING
III. BOD LIVES
IV. THE STOCK EXCHANGE ON WHICH THE COMPANY IS LISTED

175. IF DEFAULT IS MADE IN COMLPLYING WITH THE REQUIREMENT OF ANNUAL GENERAL MEETING, IF
THE DEFAULT RELATES TO LISTED COMPANY THE FINE:

I. >50,000 < =500,000

II. >20,000 < 400,000
III. <50,000 > 500,000
IV. >10,000 < 200,000

176. IN CASE OF CONTINUING DEFAULT A FURTHER FINE NOT EXCEEDING _________ FOR EVERY DAY
AFTER THE FIRST DURING WHICH THE DEFAULT CONTINUES:

I. 5000
II. 3000
III. 4000
IV. 2000

177. IF DEFAULT RELATES TO ANOTHER COMPANY, TO A FINE _______:

I. 500,000
II. 200,000
III. 100,000
IV. NONE
178. IN CASE OF CONTINUING DEFAULT A FURTHER FINE NOT EXCEEDING ________FOR EVERY DAY
AFTER THE FIRST DURING WHICH DEFAULT CONTIUES:

I. 700
II. 900
III. 600
IV. 500

179. ALL GENERAL MEETINGS OTHER THAN “ANNUAL GENERAL MEETING” AND “STATUTORY
MEETING”ARE CALLED:

I. SPECIAL RESOLUTION
II. SPECIAL MEETINGS
III. ORDINARY MEETINGS
IV. EXTRA ORDINARY MEETINGS

180. THE DIRECTORS MAY AT ANY TIME CALL AN EXTRA ORDINARY GENERAL MEETINGD; THE MINIMUM
VOTING POWER OF MEMBERS TO PROCEED TO CALL AN EXTRA ORDINARY GENERAL MEETING:

I. 1/5
II. 3/4
III. 1/10
IV. NONE

181. IF THE DIRECTORS DO NOT PROCEED WITHIN 21 DAYS FROM THE DATE OF REQUISITION BEING SO
DEPOSITED TO CAUSE A MEETING TO BE CALLED, THE REQUISITIONISTS MAY THEMSELVES CALL THE
MEETING, BUT IN EITHER CASE ANY MEETING SO CALLED SHALL BE HELD WITHIN ______ FROM THE
DATE OF DEPOSIT OF THE REQUISITION:

I. 5 MONTHS
II. 4 MONTHS
III. 3 MONTHS
IV. 6 MONTHS

182. THE NOTICE OF EXTRA ORDINARY GENERAL MEETING SHALL BE SENT TO MEMBERS AT LEAST
______BEFORE THE DATE OF MEETING:

I. 28 DAYS
II. 21 DAYS
III. 40 DAYS
IV. 50 DAYS

183. IN CASE OF DEFAULT;EVERY OFFICER WHO KNOWINGLY OR WILLFULLY FAILS TO COMPLY WITH
ANY OF THE PROVISIONS OF THIS SECTION, IF THE DEFAULT RELATES TO A PUBLIC COMAPNBY,TO A
FINE:

I. >10,000<=20,000
II. >10,000<15,000
 III. >5,000<10,000
IV. >50,000<100,000

184. IN CASE OF CONTINUING DEFAULT TO FURTHER FINE WHICH MAY EXTEND TO ________ FOR
EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 5,000
II. 3,000
III. 2,000
IV. 10,000

185. IF THE DEAFULT RELATES TO OTHER COMPANY; TO A FINE WHICH MAY EXTEND TO:

I. 6,000
II. 5,000
III. 3,000
IV. 2,000

186. IF THE DEFAULT CONTINUES, A FURTHER FINE WHICH MAY EXTEND TO __________ FOR EVERY
DAY AFTER THE FIRST DURING WHICH THE DEFAULT CONTINUES:

I. 500
II. 200
III. 300
IV. 700

187. THE NOTICE OF MEETING SHALL SPECIFY:

I. THE PLACE
II. THE DAY
III. AN HOUR OF THE MEETING
IV. STATEMENT OF BUSINESS TO BE TRANSACTED AT THE MEETING
V. ALL OF THE ABOVE

188. THE NOTICE OF MEETING SHALL BE GIVEN:

I. EVERY MEMBER OF THE COMPANY

II. TO ANY PERSON ENTITLED TO SHARES IN CONSEQUENCE OF DEATH OF A MEMBER
III. THE AUDITOR OR AUDITORS OF THE COMPANY
IV. ALL OF THE ABOVE

189. THE QUORUM OF A GENERAL MEETING, IN CASE OF PUBLIC COMPANY:

I. 5 MEMBERS
II. 15 MEMBERS
III. 20 MEMBERS
IV. 10 MEMBERS

190. THE QUORUM OF A GENERAL MEETING IN CASE OF PUBLIC COMPANY, SHOULD BE 10 MEMBERS
AND WHO REPRESENT NOT LESS THAN _______ OF THE TOTAL VOTING POWER:
 I. 15%
II. 20%
III. 25%
IV. 50%

191. IN CASE OF (ANY OTHER) COMPANY, THE QUORUM SHOULD BE:

I. 5 MEMBERS
II. 10 MEMBERS
III. 2 MEMBERS
IV. 3 MEMBERS

192. IN CASE OF ( ANY OTHER) COMPANY, THE QUORUM SHOULD BE 2 MEMBERS, WHO REPRESENT
NOT LESS THAN ________ OF THE VOTING POWER:

I. 25%
II. 15%
III. 35%
IV. 20%

193. IN CASE OF SINGLE MEMBER COMPANY; THE REQUIREMENT FOR THE QUORUM SHOULD BE:

I. 5 MEMBERS
II. 3 MEMBERS
III. SINGLE MEMBER
IV. NONE

194. THE MINIMUM TIME DURING WHICH IS QUORUM IS NOT PRESENT;THE MEETING,IF CALLED UPON
THE REQUISITION OF THE MEMBERS, SHALL BE DISSOLVED

I. 45 MINUTES
II. 20 MINUTES
III. 35 MINUTES
IV. 30 MINUTES

195. IF AT ADJOURNED MEETING A QUORUM IS NOT PRESENT WITHIN HALF AN HOUR FROM THE TIME
APPOINTED FOR THE MEETING;THE MEMBERS PRESENT BEING NOT LESS THAN ________ SHALL BE A
QUORUM, UNLESS THE ARTICLES PROVIDE OTHERWISE:

I. 5 MEMBERS
II. 3 MEMBERS
III. 7 MEMBERS
IV. 2 MEMBERS

196. WHO WILL BE PRESIDE AS CHAIRMAN AT EVERY GENERAL MEETING OF THE COMPANY:

I. REGISTRAR
 II. OFFICER OF THE COMPANY
III. CHAIRMAN OF AGM
IV. CHAIRMAN OF BOD

197. AT THE TIME OF VOTING WHICH SHARES SHALL , BE TAKEN INTO ACCOUNT:

I. FULLY PAID UP
II. PARTIALLY PAID UP
III. FRACTIONAL SHARES
IV. BOTH II) & III)

198. IN CASE OF COMPANY LIMITED BY GAURANTEE AND HAVING NO SHARE CAPITAL, EVERY MEMBER
THEREOF SHALL HAVE:

I. 10 VOTES
II. 5 VOTES
III. 3 VOTES
IV. 1 VOTE

199. IN CASE OF ANY DEFAULT ,EVERY OFFICER WHO KNOWING OR WILLFULLY FAILS TO COMPLY WITH
PROVISIONS AS TO MEETINGS AND VOTES, IN CASE OF LISTED COMPANY TO FINE WHICH MAT EXTEND
TO___________ RUPEES:

I. 20,000
II. 30,000
III. 50,000
IV. 10,000

200. IN CASE OF CONTINUING DEFAULT TO AFURTHER FINE WHICH MAY EXTEND TO _______ FOR
EVERY DAY AFTER THE FIRST DURING WHICH THE DEAFULT CONTINUES:

I. 5,000
II. 3,000
III. 2,000
IV. NONE

201. IF THE DEAFULT RELATES TO ANY OTHER COMPANY, TO AFINE NOT EXCEEDING ________ RUPEES:

I. 15,000
II. 10,000
III. 5,000
IV. 1,000

202. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO _______ RIPEES
FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 500
II. 200
III. 100
 IV. 1,000

203. PROXIES CAN’T BE APPOINTED IN CASE OF COMPANY:

I. LIMITED BY GAURANTEE
II. LISTED COMPANY
III. COMPANY NOT HAVING SHARE CAPITAL
IV. NONE

204. IF A MEMBER APPOINTS MORE THAN ONE PROXIES THEN THIS IS:

I. VOID
II. VOIDABLE
III. VOID AB INITIO
IV. INVALID

205. A PROXY MUST BE A ____ UNLESS THE ARTICLES OF THE COMPANY PERMITS APPOINTMENT OF A
NON-MEMBER AS PROXY:

DIRECTOR

I. AUDITOR
II. SHAREHOLDER
III. MEMBER
IV. BOTH III) & IV)

206. THE PROXIES SHALL BE LODGED WITH THE COMPANY NOT LATER THAN ______BEFORE THE TIME
OF MEETING:

I. 24 HOURS
II. 48 HOURS
III. 12 HOURS
IV. NONE

207. IF THE PROXIES SHALL,SENT WITHIN 48 HOURS TO THE COMPANY; THE PROVISIONS CONTRARY TO
THE ARTICLES OF THE COMPANY SHALL BE:

I. VALID
II. VOID
III. VOIDALBE
IV. BOTH II)& III)

208. IN CASE OF FAILURE TO THE PROVISIONS OF THIS SECTION; IN CASE OF LISTED COMPNY A FINE
WHICH MAY EXTEND TO:

I. 3,000
II. 4,000
III. 5,000
IV. 6,000
209. IN CASE OF ANY OTHER COMPANY A FINE WHICH MAY EXTEND TO _______ RUPEES

I. 3,000
II. 4,000
III. 3,000
IV. 2,000

210. IN SHOW OF HANDS, EVERY MEMBER HAS ONE VOTE AND PROXY:

I. IS COUNTED
II. IS NOT COUNTED
III. ONLY I)
IV. BOTH I) & II)

211. IN CASE OF POLL; VOTE IS COSTED AGIANST:

I. DEBENTURES
II. SECURITIES
III. SHARES
IV. NONE

212. IN CASE OF POLL DEMAND; EVEN PROXY:

I. IS NOT ALLOWED
II. IS ALLOWED
III. ONLY I)
IV. NONE

213. BEFORE OR ON THE DECLARATION OF THE RESULT OF VOTING ON ANY RESOLUTION ON A SHOW
OF HAND, ADEMAND FOR POLL CAN BE MADE; IF IN CASE OF PUBLIC COMPANY, BY AT LEAST
____________ MEMBERS HAVING THE RIGHT TO VOTE ON THRE RESOLUTION AND PRESENT IN PERSON
OR BY PROXY:

I. 5 MEMBERS
II. 7 MEMBERS
III. 6 MEMBERS
IV. 10 MEMBERS

214. IN CASE OF PRIVATE COMPANY; A DEMAND FOR POLL CAN BE MADE BY:

I. 3 MEMBERS
II. 5 MEMBERS
III. 1 MEMBER
IV. 7 MEMBERS

215. IF NOT MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY PRESENT AND BY ________ SUCH
MEMBERS PRESENT IN PERSON OR BY PROXY IF MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY
PRESENT:
 I. 5
II. 3
III. 4
IV. 2

216. A DEMAND FOR POLL CAN BE MADE BY ANY MEMBER OR MEMBERS PRESENT IN PERSON OR BY
PROXY AND HAVING NOT LESS THAN _________ OF THE TOTAL VOTING POWER IN RESPECT OF
RESOLUTION:

I. 3/4 TH
II. 5/10 TH
III. 2/10 TH
IV. 1/10 TH

217. A POLL DEMAND ON THE ELECTION OF A CHAIRMAN OR ON THE QUESTION OF ADJOURNMENT

SHALL BE TAKEN FORTHWITH AND A POLL DEMANDED ON ANY OTHER QUESTION SHALL BE TAKEN AT
SUCH TIME, NOT MORE THAN __________ DAYS FROM THE DAY ON WHICH IT IS DEMANDED, AS THE
CHAIRMAN OF THE MEETING MAY DIRECT:

I. 21 DAYS
II. 40 DAYS
III. 14 DAYS
IV. 41 DAYS

218. A COPY OF THE MINUTES OF MEETING OF THE BOARD

OF DIRECTORS SHALL BE FURNISHED TO EVERY DIRECTOR WITHIN ________ DAYS OF THE DATE OF
MEETING

I. 7 DAYS
II. 14 DAYS
III. 21 DAYS
IV. 40 DAYS

219. THE BOOKS CONTAINING THE MINUTES OF PROCEEDINGS OF THE GENERAL MEETINGS OF A
COMPANY AND THOSE OF THE MEETINGS OF THE DIRECTORS AND COMMITTEE OF DIRECTORS SHALL BE
KEPT AT THE REGISTERED:

I. OFFICE OF THE SECP

II. STOCK EXCHANGE
III. OFFICE OF THE COMPANY
IV. NONE

220. IN THE EVENT OF FALIURE EVERY OFFICER OF THE COMPANY WHO KNOWINGLY OR WILLFULLY IN
DEFAULT SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO:

I. 3,000
II. 5,000
 III. 7,000
IV. 3,500

221. A FURTHER FINE WHICH MAY EXTEND TO ________ RUPEES FOR EVERY DY AFTER THE FIRST DAY
DURING WHICH FAILURE CONTINUES:

I. 500
II. 300
III. 200
IV. 100

222. THE MINUTES OF THE GENERAL MEETINGS CAN BE INSPECTED BY THE MEMBERS DURING THE
BUSSNIESS HOURS, SUBJECT TO SUCH REASONBALE RESTRICTIONS AS THE COMPANY MAY BY ITS
ARTICLES OR IN GENERAL MEETING IMPOSE SO THAT NOT LESS THAN ________ HOURS IN EACH DAYS
BE ALLOWED FOR INSPECTIONS:

I. 5 HOURS
II. 3 HOURS
III. 2 HOURS
IV. 7 HOURS

223. ANY MEMBER SHALL AT ANY TIME AFTER SEVEN DAYS FROM THE MEETING BE ENTITLED TO BE
FURNISHED, WITHIN __________ DAYS IN THAT BEHALF TO THE COMPANY, WITH A CERTIFIED COPY OF
THE MINUTES OF ANY GENERAL MEETINGS AT SUCH CHARGENOT ERXCEEDING THE PRTESCRIBED
AMOUNT AS MAY BE FIXED BY THE COMPANY:

I. 5 DAYS
II. 6 DAYS
III. 3 DAYS
IV. 1 WEEK

224. IN CASE DEFAULT OF THE PROVISIONS DESCRIBEDABOVE IN (223 & (224), EVER OFFICER OF THE
COMPANYWHO IS KNOWINGLY OR WILLFULLY IN DEFAULT SHALL BE LIABLE IN RESPECT OF EACH
OFFENCE TO A FINE WHICH MAY EXTEND TO:

I. 2,000
II. 3,000
III. 1,000
IV. NONE

225. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO __________FOR
EVERY DAY AFTER THE FIRST DAY DURING WHICH THE DEFAULT CONTINUES:

I. 20
II. 50
III. 100
IV. 150
226. MINIMUM NUMBER OF DIRECTORS, IN CASE OF LISTED PUBLIC COMPANY:

I. 5
II. 3
III. 2
IV. 7

227. IN CASE OF PRIVATE COMPANY

I. 7
II. 4
III. 2
IV. NONE

228. FOR UNLISTED PUBLIC COMPANY:

I. 5
II. 7
III. 3
IV. 1

229. SINGLE MEMBER COMPANY:

I. 7
II. 2
III. 1
IV. 3

230. IF THE DIRECTORS ARE NOT APPOINTED BY VIRTUE OF ARTICLES, WHO ELECT THE DIRECTORS:

I. REGISTRAR
II. PROMOTERS
III. SUBCRIBER
IV. OWNERS

231. SUBSCRIBERS ELECT THE DIRECTORS WITHIN ____ DAYS FROM THE DATE OF INCORPORATION:

I. 21 DAYS
II. 28 DAYS
III. 15 DAYS
IV. NONE

232. FIRST DIRCTORS HOLD THE OFFICE UPTILL THE HOLDING OF ____________ AND TAKING OVER THE
OFFICER BY THE NEXT BOARD OF DIRECTORS:

I. EOGM
II. SPECIAL RESOLUTION
III. GENERAL MEETING
IV. FIRST AGM
233. THE DIRECTORS OF A COMPANY SHALL SUBJECT TO SECTION 174,FIX THE NUMBER OF ELECTED
DIRECTORS NOT LATER THAN __________ BEFORE CONVENING OF GENERAL MEETING AT WHICH
DIRECTORS ARE TO BE ELECTED:

I. 30 DAYS
II. 35 DAYS
III. 40 DAYS
IV. 48 DAYS

234. ANY PERSON WHO SEEKS TO CONTEST AN ELECTION TO THE OFFICE OF DIRECTORS SHALL,
WHETHER HE IS RETIRING DIRECTORS OR OTHERWISE, FILE WITH THE COMPANY NO LATER THAN
__________ BEFORE THE DATE OF MEETING AT WHICH ELECTIONS ARE TO BE HALD:

I. 21 DAYS
II. 35 DAYS
III. 14 DAYS
IV. 41 DAYS

235. ALL NOTICES RECEIVED BY THE COMPANY IN PURSUANCE OF ABOVE SUB-SECTION SHALL BE
TRANSMITTED TO THE MEMBERS NOT LATER THAN _________ BEFORE THE DATE OF THE MEETING:

I. 14 DAYS
II. 7 DAYS
III. 21 DAYS
IV. 28 DAYS

236. NO PERSON SHALL BE APPOINTED OR NOMINATED AS A DIRECTOR OR CHIEF EXECUTIVE OF

COMPANY OR REPRESENT AS HOLDING SUCH OFFICE UNLESS SUCH PERSON OR SUCH OTHER PERSON
HAS GIVEN:

I. APPOINTED LETTER
II. HIS CONSENT IN WRITING FOR SUCH APPOINTMENT
III. BOTH
IV. NONE

237. WITHIN ___ DAYS FROEM THE DATE OF APPOINTMENT A NOMINATION, AS THE CASE MAY BE, THE
COMPANY SHALL FILE WITH THE REGISTRAR A LIST OF PERSONS WHO HAVE CONSENTED TO ACT AS
DIRECTOR OR CHIEF EXECUTIVE OF THE COMPANY ALONG WITH THE CONSENT TO DO SO IN THE
PERSCRIBED FORM:

I. 21 DAYS
II. 35 DAYS
III. 14 DAYS
IV. NONE

238. NO PERSON SHALL BE APPOINTED AS A DIRECTOR OF A COMPANY IF HE:

I. MINOR
 II. OF UNSOUND MIND
III. INSOLVENT
IV. ALL

239. IF A PERSON HAS BEEN CONVICTED BY A COURT OF LAW FOR AN OFFENCE INVOLVING MORAL
TURPITUDE; HE CAN’T BE:

I. CHIEF EXECUTIVE
II. OFFICER OF THE COMPANY
III. DIRECTOR
IV. NONE

240. IF A PERSON HAS BETRAYED LACK OF FUDICIARY BEHAVIOUR AND A DECLARATION TO THIS EFFECT
HAS BEEN MADE BY COURT AT ANY TIME DURING THE PRECEEDING FIVE YEARS, HE SHALL NOT BE
APPOINTED AS:

I. OFFICER OF THE COMPANY

II. REGISTRAR OF THE COMPANY
III. SECRETARY OF THE COMPANY
IV. DIRECTOR OF THE COMPANY

241. A DIRCTOE SHALL ISPSO FACTO CEASE TO HLD OFFICE IF:

I. HE BECOMES INELIGIBLE TO APPOINTED A DIRECTOR

II. HE ABSENTS HIMSELF FROM THREE CONSECUTIVE MEETINGS OF DIRECTORS
III. HE ABSENTS FROM ALL THE MEETINGS OF DIRECTORS FOR A CONTINUES PERIOD OF
THREE MONTHS
IV. ALL OF THE ABOVE

242. EVERY COMPNAY, SHALL HAVE A CHIEF EXECUTIVE EXCEPT OTHER THAN A COMPANY:

I. MANAGED BY A MANAGING AGENT

II. MANAGED BY A PROFESSIONAL BODY
III. MANGED BY DIRECTORS
IV. NONE

243. THE DIRECTOR OF EVERY COMPANY SHALL AS FROM THE DATE FROM WHICH IT COMMENCES
BUSINESS OR AS FROM A DATE NOT LATER THAN THE _______ AFTER THE DATE OF INCORPORATION:

I. 21 DAYS
II. 40 DAYS
III. 15 DAYS
IV. 14 DAYS

244. WITHIN _______ DAYS FROM THE DATE OF ELECTION OF DIRECTORS OR THE OFFICE OF THE CHIEF
EXECUTIVE FALLING VACANT AS THE CASE MAY BE, THE DIRECTORS OF THE COMPANY SHALL APPOINT
ANY PERSON INCLUDING AN ELECTOR DIRECTOR, TO BE THE CHIEF EXECUTIVE:

I. 28 DAYS
 II. 7 DAYS
III. 14 DAYS
IV. 21 DAYS

245. THE APPOINTMENT OF THE CHIEF EXECUTIVE SHALL NOT BE FOR A PERIOD EXCEEDING _________
YEARS FROM THE DATE OF APPOINTMENT:

I. 5 YEARS
II. 3 YEARS
III. 4 YEARS
IV. 9 YEARS

246. THE CHIEF EXECUTIVE SHALL, IF HE IS NOT ALREADY A DIRECTOR OF THE COMPANY, BE DEEMED TO
BE ITS __________ AND BE ENTITLED TO ALL RIGHTS AND PRIVILEGES, AND SUBJECT TO ALL THE
LIABILITIES, OF THAT OFFICE:

I. SECRETARY
II. OFFICER
III. DIRECTOR
IV. BOTH I) & III)

247. THE DIRECTORS OF ACOMPANY BY RESOLUTION PASSED BY NOT LESS THAN __________ OF THE
TOTAL NUMBER OF DIRECTORS FOR THE TIME BEING OR THE COMPANY BY A SPECIAL RESOLUTION,
MAY REMOVE A CHIEF EXECUTIVE BEFORE THE EXPIRATION OF HIS TERM OF OFFICE:

I. 1/10
II. 3/4
III. 1/2
IV. NONE

248. A CHIEF EXECUTIVE OF _________ COMPANY SHALL NOT DIRECTLY OR INDIRECTLY ENGAGE IN ANY
BUSINESS WHICH IS OF SAME NATURE AND DIRECTLY COMPLETES WITH THE BUSINESS CARRIED ON BY
THE COMPANY OF WHICH HE IS CHIEF EXECUTIVE OR BY A SUBSIDARY OF SUCH A COMPANY:

I. HOLDING COMPANY
II. SUBSIDARY COMPANY
III. PUBLIC COMPANY
IV. PRIVATE COMPANY

249. EVERY PERSON SHALL (INCLUDING DIRECTORS, OFFICERS,CHIEF EXECUTIVE,MANAGING AGENT

SECRETARY,CHIEF ACCOUNTANT,AUDITORS AND LEGAL ADVISOR) SHALL WITHIN A PERIOD OF
_________ DAYS OF HIS APPOINTMENT OR ANY CHANGE THERIN, AS THE CASE MAY BE, FURNISHED TO
THE COMPANY THE PARTICULARS(REGISTER OF DIRECTORS,OFFICERS,ETC)

I. 14 DAYS
II. 10 DAYS
III. 21 DAYS
IV. 40 DAYS
250. THE PERIOD WITHIN WHICH THE COMPANY SHALL FILE WITH REGISTRAR A RETURN IN DUPLICATE
IS TO FILED WITH THE REGITRAR SHALL BE A PERIOD OF ___________FROM THE DATE OF
INCORPORATION:

I. 10 DAYS
II. 20 DAYS
III. 14 DAYS
IV. 28 DAYS

251. IF DEFAULT IS MADE IN COMPLYING WITH ABOVE SECTION, THE COMPANY AND EVERY OFFICER OF
THE COMPANY OR OTHER PERSON WHO IS KNOWINGLY AND WILLFULLY IN DEFAULT SHALL BE LIABLE
TO A FINE WHICH MAY EXTEND TO:

I. 3,000
II. 5,000
III. 4,000
IV. 2,000

252. IN CASE OF CONTINUING DEFAULT, TO A FURTHER FINE WHICH MAY EXTEND TO _______ FOR
EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 100
II. 200
III. 30
IV. 50

253. NO DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, CHIEF ACCOUNTANT,SECRETARY OR

AUDITOR OF A LISTED COMPANY & NO PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIL
OWNER OF NOT LESS THAN _________ PERCENT OF LISTED EQUITY SECURITIES OF SUCH COMPANY,
SHALL PRACTICE DIRECTLY OR INDIRECTLY SHAORT SELLING SUCH SECURITIES:

I. 5
II. 15
III. 10
IV. 20

254. WHERE ANY DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, CHIEF ACCOUNTANT, SECRETARY
OR AUDITOR OF A LISTED COMPANY OR ANY PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIAL
OWNWE OF MORE THAN _______ % OF LISTED SECURITIES MAKES ANY GAIN BY THE PURCHASE AND
SALE OR SALE AND PURCHASE:

I. 5
II. 10
III. 15
IV. 20

255. THE PURCHASE & SALE OR SALE & PURCHASE, OF ANY SUCH SECURITY WITHIN PERIOD OF LESS:
 I. 3 MONTHS
II. 5 MONTHS
III. 6 MONTHS
IV. 9 MONTHS

256. THE RESPONSIBLE PERSON (WHO SELL OR PURCHASE SECURITIES) SHALL MAKE A REPORT AND
TENDER THE AMOUNT OF SUCH GAIN TO COMPANY AND SIMUTANEOUSLY SEND AN INTIMATION TO
THIS EFFECT TO THE REGISTRAR:

I. DIRECTORS
II. SECP
III. COMMISSION
IV. BOTH II) & III)

257. A PERSON WHO KNOWINGLY OR WILLFULLY CONTRAVENES OR OTHERWISE FAIL TO COMPLY

WUTH THE PROVISIONS OF THIS SECTION SHALL BE LIABLE TO FINE WHICH MAY EXTEND TO:

I. 10,000
II. 20,000
III. 30,000
IV. 50,000

258. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO ________ FOR
EVERY DAY AFTER THE FIRST DURING WHICH SUCH DEFAULT CONTINUES:

I. 2,000
II. 3,000
III. 1,500
IV. 1,000

259. IF AN OFFICER OR OTHER AGENT OF A COMPANY OTHER THAN ___________ ENTERS INTO A
CONTRACT FOR ON THE BEHALF OF COMPANY:

I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. HOLDING COMPANY
IV. NONE

260. IF IN THE CONTRACT THE COMPANY IS AN UNDISCLOSED PRINCIPAL SHALL, AT THE TIME OF
ENTERING INTO THE CONTRACT, MAKE A ___________ IN WRITING OF TERMS OF THE CONTRACT AND
SPECIPY THEREIN THE PAERSON WITH WHICH IT HAS BEEN MADE:

I. ARTICLES
II. POLICY
III. MEMORANDUM
IV. LAW
261. IF ANY SUCH OFFICER OR OTHER AGENT MAKES DEFAUL IN COMPLYING WITH THE REQUIREMENTS
OF THIS SECTION, THE CONTRACT SHALL, AT THE OPTION THE COMPANY BE _________ AS AGAINST
COMPANY:

I. VALID
II. VOIDABLE
III. VOID
IV. NONE

262. SUCH OFFICER OR OTHER AGENT SHALL BE LIABLE TO A FINE NOT EXCEEDING:

I. 3,000
II. 5,000
III. 4,000
IV. 2,000

263. THE DIRECTORS OF EVERY COMPANY SHALL AT SOME DATE NOT LATER THAN __________ AFTER
THE INCORPORATION OF THE COMPANY AND SUBSEQUENTLY ONCE AT LEAST IN EVERY CALENDAR
YEAR LAY BEFORE THE COUNTRY:

I. 15 MONTHS
II. 14 MONTHS
III. 16 MONTHS
IV. 18 MONTHS

264. IN CASE OF THE FIRST ACCOUNT FOR THE PERIOD SINCE THE INCORPORATION OF THE COMPANY
AND IN ANY OTHER SINCE THE PRECEEDING ACCOUNT, MADE UP TO DATE NOT EARLIER THAN THE
DATE OF THE MEETING BY MORE THAN ____________ MONTHS:

I. 5
II. 3
III. 4
IV. NONE

265. IN CASE OF A LISTED COMPANY THE COMMISSION AND N ANY OTHER CASE THE REGISTRAR MAY,
FOR ANY SPECIAL REASON, EXTEND THE PERIOD FOR A TERM NOT EXCEEDING _______ MONTHS

I. 1
II. 2
III. 3
IV. 6

266. THE PERIOD TO WHICH THE ACCOUNT AFORESAID RELTE SHALL NOT EXCEED ___________
MONTHS EXCEPT WHERE SPECIAL PERMISSION HAS BEEN GRANTED IN THE BEHALF OF THE REGISTRAR:

I. 18 MONTHS
II. 16 MONTHS
III. 9 MONTHS
 IV. 12 MONTHS

267. THE COPIES OF “FINANCIAL REPORT” & AUDIT REPOT SHAOULD BE SEND TO EVERY MEMBERS OF
THE COMPANY AT LEAST __________ DAYS BEFORE MEETING AT WHICH IT IS TO BE LAID BEFORE THE
MEMBERS OF THE COMPANY:

I. 28 DAYS
II. 21 DAYS
III. 38 DAYS
IV. 40 DAYS

268. THE LISTED COMPANY SHOULD SIMULTANEOUSLY WITH THE DISPATH OF REPORTS TO THE
MEMBERS SEND _________ COPIES EACH OF TO THE COMMISION, THE STOCK EXCHANGE & REGISTRAR:

I. 7
II. 3
III. 5
IV. NONE