Company Law (602)

Option Text
Item Text Option Text 1 Option Text 2 3 Option Text 4
Which of the following company cannot invite
Subsidiary Statutory
public to subscribe shares or debentures of a Public company Private Company
Company Company
company
Which share capital has priority both in repayment Preference Rights
Equity Shares Sweat Equity Shares
of dividend as well as capital shares Shares
Certificate of
Private company can start its business immediately Certificate of Both (1) &
commencement of Share certificate
after the issue of Incorporation (2)
Business
The granting of the certificate of incorporation
renders the illegal objects include in the Legal Void Voidable Valid
memorandum:
When the shares are transferred to X from Y, Y
Director Partner Shareholder Both (1) & (2)
will be a________ of the company.
Right
Which of the following is not a right of the Right to have Right Appoint Right to use
Appoint
members of a company share Auditor property of company
Director
For quorum, the Joint holders will be collectively
1 2 3 4
counted as --------- members.
Called – up Un called
Part of the issued capital taken by public is called Subscribed Paid up capital
capital capital
Which preference shares carry the right to
Converted Nonconverted Cumulative Both (1) & (2)
cumulate the dividends
Paying back of capital is called as Redemption Conversion Participation Both (2) & (3)
Which of the following is not an ownership Preference
Debentures Equity Shares Bonus Shares
security? Shares
The following is issued in acknowledgement of Debenture Share Share Participating
any indebtedness certificate certificate Warrant Preference Shares
Board of Debenture
Company is managed by Shareholders Both(1)&(2)
Directors holders
In the process of conversion of a private company Statement in
Deemed Shelf
into a public company which prospectus must be lieu of Special prospectus
prospectus prospectus
issued prospectus
Which of the following stands in the fiduciary
Creditors Auditors Promoters Share holder
position of the company
Every
Every member is a Both (1) &
Which of the following is not true? contributory is Neither (1) nor (2)
contributory (2)
a member
Share premium amount is treated as
Issued Reserve Subscribe Both (1) & (3)
the___________ capital of a company
Which resolution can be paased to create ‘reserve An ordinary A special A board A unanimous
capital’ by a company? resolution resolution resolution resolution
Which of the following shares are issued by the
company to it's employees or directors for Bonus shares Sweat shares Right shares Debentures
consideration other than cash?
Debenture forms part of Capital Loan Fund Commission