Corporate Law Mcqs 2

Corporate Regulations MCQs [set-8]
General Meetings
176. An official liquidator is appointed by the _____
A. Central government
B. By court
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C. State government
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D. Company
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Answer: A
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177. In the event of companyc being wound up the Tribunal shall prepare
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list of contributories into _____
A. List A
B. List B
C. List A and List B
D. List A or List B
Answer: C
178. Official liquidators are appointed from the panel of _______
A. Professional firm of Chartered Accountant
B. Advocate
C. Company Secretaries
D. All of the above
Answer: D
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179. As per Sec. 439 who can file a petition to the Tribunal for winding up?
_____
A. The Registrar
B. Company
C. Contributory
D. Any one of these
Answer: D
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General Meetings
151. In case of continuing default to convene the AGM fine is Rs. _______
for every day.
A. 250
B. 300 o m
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C. 350
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D. 400 a
Answer: A
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152. The resolution passed at AGM are _______
A. Valid
B. Void
C. Voidable
D. Void abinitio
Answer: A
153. Every business transacted at an EGM is a _________ business
A. Ordinary
B. Special
C. Both (a) & (b)
D. None of the above
Answer: B
154. Majority rule is not applicable when

A. The act done is illegal
B. The act done is ultra vires the company.
C. The act done constitutes a fraud
D. all the above
Answer: D
155. A cost auditor makes his report to:
A. Members of company
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B. Directors of company
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C. Registrar
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D. C. G.
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Answer: B
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156. A company not declare dividend at.
A. Statutory meeting
B. Annual general meeting
C. Extra ordinary G.M
Answer: A
157. If as a person is present in more than 1 capacity his presence will be

counted as _____
A. 1
B. 2
C. 3
D. 4
Answer: B

158. In the absence of a quorum the proceedings of the meeting will be
_________
A. Valid
B. Void
C. Voidable
Answer: B
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159. If quorum is not present with in _________ time the meeting is stand
dissolved.
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a
A. ½ Hr.
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B. 1 Hr. c
C. 1 ½ Hr M
D. 2 Hr.
Answer: A
160. _________ Order to call a EGM even though 1 member present in

person or by proxy.
A. ROC
B. C.G.
C. NCLT
D. D.C.A
Answer: B
161. ________ can vote at the meeting even though not a member.
A. Body corporate
B. President
C. Governor

D. All the above
Answer: D
162. Voting right can’t be exercised in case of _________
A. Calls in advance
B. Calls in arrears
C. Both a & b

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Answer: B
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163. Proxy need not be a ____ of the a
company
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A. Shareholders
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B. Members M
C. Both a and b
Answer: C
164. ________ is the official recording of the proceedings of a meeting
A. Quorum
B. Minutes
C. Both a & b
Answer: B
165. Minutes should be recorded within _________ days from the date of
conclusion of every meeting
A. 10
B. 20

C. 30
D. 40
Answer: C
166. Loose – leaf minutes to be bound into books at regular intervals of

_________ months
A. 6
B. 7
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C. 8
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D. 9
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Answer: A
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c requiring circulation of a resolution
167. Within ______weeks requisition
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may be deposited with ROC.
A. 3
B. 6
C. 9
D. 12
Answer: A
168. Qualification shares for a director are provided in the ________
A. Company Act
B. MOA
C. AOA
D. Contract b/w Company & Directors
Answer: A
169. Directors are __________ of the company

A. Employees
B. Employers
C. Both a & b
Answer: D
170. A special resolution is passed with
A. Simple majority
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B. 60% majority of members present
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C. 75%
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Answer: C
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171. Which of the following meeting can be held more than once in a
calendar year?
A. E.G.M
B. S.G.M
C. A.G.M
Answer: A
172. In which one or more of the following company a member does not
have a right to appoint proxy:
A. Public company having share capital
B. Public company not having share capital
C. Private company not having a share capital
Answer: B

173. A proxy must bear revenue stamp worth.
A. 30 paise
B. 15 paise
C. 45 paise
D. 50 paise
Answer: B
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o resolution may be
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174. In which one of the following cases an ordinary
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passed _________
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A. Commencement of a new business
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B. alteration of articles
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C. Compulsory winding up of the company
D. none of the above
Answer: C
175. Notice of Adjourn meeting is not required of a meeting is
A. Adjourn for want of quorum
B. Adjourn sine die
C. Adjourn for more than 30 days
D. None
Answer: A

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Calls and Forfeiture,Surrender of Shares
126. ________ is a short cut to forfeiture
A. Lien
B. Surrender
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C. Right issue
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Answer: B
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cpaid by the company in exchange of
127. No consideration shall be
__________ shares M
A. Lien
B. Forfeited
C. Surrender
Answer: C
128. Interest out of capital can be paid only if it is sanctioned by____
A. MOA
B. AOA
C. NCLT
D. C.G
Answer: B
General Meetings

129. What is the time limit for conducting statutory meeting?
A. 1 to 5 months
B. 1 to 6 months
C. 1 to 9 months
D. None of these
Answer: B
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130. Notice of statutory meeting should be given with a period not less
than .c
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A. 21 clear days a
B. 14 clear days
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C. 7 clear days
D. None of these
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Answer: A
131. Notice of statutory meeting should be attested by at least.
A. 3 directors
B. 2 directors
C. 3 directors
D. None of these
Answer: B
132. The time gap between two AGM’s shall not exceed.
A. 15 months
B. 18 months
C. 16 months
D. None of these
Answer: A

133. First AGM must be held within __________ from the incorporation of
the company
A. 15 months
B. 18 months
C. 12 months
D. None of these
Answer: B
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134. Every AGM must be held with ___________ from the date of the
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Balance Sheet.
a
A. 4 months
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B. 6 months c
C. 9 months
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D. None of these
Answer: C
135. First AGM must be held within ____________ from the date of the
balance sheet
A. 6months
B. 9months
C. 5months
D. None of these
Answer: B
136. AGM should be held at
A. Company
B. Registered office

C. Corporate office
D. None of these
Answer: B
137. Failure to convene AGM u/s 166 penalty will be
A. 50,000+250 per every day
B. 75,000+250 per every day
C. 1,00,000+250 per every day

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D. 25,000+250 per every day
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Answer: A
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138. In case of Public Company the quorum should be
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A. 5 members M
B. 7 members
C. 2 members
D. None of these
Answer: A
139. In case of private company the quorum should be
A. 2 members
B. 3 members
C. 4 members
D. None of these
Answer: A
140. _______ meeting given an opportunity to the member to know discuss

on promotion & formation of the company.
A. General

B. EGM
C. Statutory
Answer: C
141. _________ report is send by the directors to its members.
A. Statutory
B. Audit
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C. Annual
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Answer: C
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142. In the given below who are not required to hold Statutory General
Meeting
A. Private company
B. Government Company
C. Public company
D. Both (a) & (b)
Answer: D
143. In case of Statutory General Meeting receipts & payments are

prepared up to _______ days before the date of report
A. 3
B. 5
C. 7
D. 9
Answer: C
144. Who should certify that company allotted the shares and cash

received in respect there of ______
A. Auditor
B. Director
C. Share holder
D. Members
Answer: A
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145. In the given below who are required to hold A.G.M _______
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A. Public company
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B. Private company
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C. Government company
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D. All the three
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Answer: A M
146. The time period for conduction of AGM is extended by ROC for how
many months
A. 1
B. 2
C. 3
D. 4
Answer: C
147. _________ opined that ROC could grant extension only when
application for extension is made before the expiry of period u/s 166 (1)
A. DCA
B. NCLT
C. Govt
D. Both (b) & (c)
Answer: A

148. Which of the following company can held the AGM on public
holiday__________
A. Public company
B. Private company
C. Govt. company
D. Association not for profits
Answer: D
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149. _______ may grant exemption to any class of companies with regard
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to the time & place of AGM.
a
A. C.G
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B. ROC c
C. NCLT
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D. D.C.A
Answer: A
150. In case of failure to convene the AGM fine is upto Rs._________
A. 25,000
B. 50,000
C. 75,000
D. 80,000
Answer: B

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Share Certificate and Warrant
101. __________ is a document showing title
A. Share certificate
B. Share warrant
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C. Both (a) & (b)
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Answer: C
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c to be signed by ___________.
102. A share certificate is required
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A. managing director
B. shareholders
C. board of directors
D. company secretary
Answer: D
103. Which of the following can issue the share warrant
A. Public
B. Private
C. Both (a) & (b)
Answer: A
104. _________ are attached to the share warrant
A. Dividend coupon

B. Warrant
C. Certificates
Answer: A
105. C.G. approval is necessary in case of issue of __________
A. Share certificate
B. Share warrant
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C. Both (a) & (b)
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Answer: B
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106. In case of __________ duplicate can be obtained if it lost
A. Share warrant
B. Share certificate
C. Dividend coupon
Answer: B
107. Duplicate certificate obtained if original certificate lost in case of.
A. Share Certificate
B. Share warrant
C. Dividend warrant
D. None of these
Answer: A
Transfer and Transmission of Shares

108. Transfer deed should in Form No.
A. 6 B
B. 5 B
C. 7 B
D. None of these
Answer: C
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109. _________ is voluntary passage of the rights and duties of member
from a share holder. .c
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A. Transfer a
B. Transmission
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C. Both (a) & (b)

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Answer: A
110. The person who transfer his rights and duties is called __________
A. Transferee
B. Transferor
C. Promisor
D. Promisee
Answer: B
111. The person to whom the rights and duties are endorsed is called
_________
A. Transferee
B. Transferor
C. Endorser

D. Endorsee
Answer: A
112. _______ is an instrument of transfer signed by the transferor in which

the name & date are not filled.
A. Forged transfer
B. Blank transfer
C. Both (a) & (b)
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Answer: B
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113. _______ transfer is null and void
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A. Forged
B. Blank
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C. Both (a) & (b)
Answer: A
114. If the ownership of shares goes to another by operation of law is

called as _______
A. Transfer
B. Transmission
C. Both (a) & (b)
Answer: B
115. Transfer is effected by _______
A. Sales

B. Death
C. Insolvency
Answer: A
116. Transmission is effected by ______
A. Sale
B. Death
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C. Insolvency
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D. Both (b) & (c)
a
Answer: D
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117. In which of the following stamp duty & consideration not necessary
________
A. Transfer
B. Transmission
C. Both (a) & (b)
Answer: B
118. _______ gets all liabilities of original owner
A. Transferor
B. Transferee
C. Endorser
D. Endorsee
Answer: B
119. A share warrant is transferable by _________

A. By Execution of transfer deed
B. By delivery
C. both a) and b)
Answer: B
Calls and Forfeiture,Surrender of Shares
have permission in
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120. Company to accept calls in advance from shareholders they should
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A. MOA
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B. AOA a
C. BOD
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D. None of these
Answer: B
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121. Forfeiture can be made only if it is authorized by ________
A. AOA
B. MOA
C. ROC
D. C.G
Answer: B
122. Name of the member is struck off from the register in case of
________
A. Issue of share certificate
B. Share warrant
C. Forfeiture
Answer: B

123. _________Days be given for payment of call money from the date of
service of notice
A. 14
B. 13
C. 12
D. 11
Answer: A
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124. _________ arises in respect of debt due on shares as well as on other
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transactions.
a
A. Forfeiture
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B. Lien c
C. Both (a) & (b)
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Answer: B
125. Return of partly paid shares by the shareholders to the company is

_______
A. Surrender
B. Forfeiture
C. Lien
Answer: A

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Share Capital
76. _________have fixed denomination
A. Share
B. Stock
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C. Both a & b
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Answer: A
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cbe passed by the company to offer shares
77. ________resolution should
to outsiders M
A. Special resolution
B. Ordinary resolution
C. C.G
Answer: A
78. Company must pass ________ for reducing its share capital
A. O.R
B. S.R
C. C.G permission
Answer: B

79. Court order the company to add _________ after reducing its share
capital
A. And reduced
B. Ltd
C. Both a or b
Answer: A
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80. For reducing its share capital it should give notice to whom?
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A. Debtors a
B. Creditors
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C. Both a & b

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Answer: B
81. Reduction & diminution is done under which sec.
A. 100 & 94
B. 94 & 100
C. 100 & 96
D. 96 & 100
Answer: A
82. Which of the following can be used for buy back of shares
A. Free reserves
B. Securities premium
C. Proceeds of fresh issue of shares
D. All of the above
Answer: D

83. Buy back by board resolution can only be upto _________
A. 15
B. 10
C. 25
D. 20
Answer: B
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84. Buy back should be less than or equal to _________% of total paid up
capital
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A. 25
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B. 30
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C. 35
D. 40
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Answer: A
85. In case of buy back debt equity ratio should be ________
A. 1:2
B. 2:1
C. 3:1
D. 1:3
Answer: B
86. Every buy back shall be completed within _____ month from the date
of passing the S.R.
A. 6
B. 8
C. 10

D. 12
Answer: D
87. __________companies are permitted to buy back its shares
A. Insolvent
B. Solvent
C. Both a & b

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Answer: B
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a destroyed within
88. Buy back securities should be physically
________days
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c
A. 7
B. 17
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C. 21
D. 28
Answer: A
89. After buy back company can’t issue the same kind of shares for
________months
A. 6
B. 12
C. 18
D. 24
Answer: A
90. Within 30 days of completion of buy back company shall file the details
with whom _________

A. Registrar
B. SEBI
C. Both a & b
Answer: A
91. If buy back is made from free resources then what should be created
__________
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A. Debenture Redemption Reserve
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B. Capital Redemption Reserve
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C. Statutory liquid Ratio.
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Answer: B
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92. The premium amount that can be charged as per companies Act.
A. 10%
B. 15%
C. 20%
D. None of these
Answer: D
93. A company to issue sweat equity shares must pass a.
A. Special resolution
B. Ordinary resolution
C. Unanimous resolution
D. None of these
Answer: A

94. The notice offering right shares must allow the members ________to
exercise their option to accept, reject or renounce it
A. 10 days
B. 14 days
C. 15 days
D. 20 days
Answer: C
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Share Certificate and Warrant
.
te within ___________ if the
95. The company must deliver share certificate
shares allotted by company. a
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A. 2 months
c
B. 3 months M
C. 4 months
D. none of these
Answer: B
96. The company must deliver share certificate within ___________ if the
shares applied for transfer.
A. 3 months
B. 2 months
C. 5 months
D. none of these
Answer: B
97. Share warrants can be issued with the prior approval of the
_____________
A. Company law board

B. Dept of company affairs
C. Registrar
D. None
Answer: C
98. Stamp duty to be paid at the time of issue of share certificate is.
A. Nominal
B. High
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C. Very high
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D. None of these
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Answer: A
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99. Stamp duty to be paid at the time of issue of share warrant.
A. Nominal
B. High
C. Very high
D. None of these
Answer: C
100. ______ specifies the time limit with in which share certificate is to be
delivered
A. sec 110
B. sec 111
C. sec 112
D. sec 113
Answer: D

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Prospectus
51. ________are required to file prior to making second and subsequent

issue of securities in case shelf prospectus are filed:
A. Information memorandum
B. Information articles o m
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C. Form 13
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D. None of the above a
Answer: A
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52. Information memorandum + shelf prospectus together constitutes
________
A. Memorandum
B. Articles
C. Prospectus
Answer: C
53. Validity period of information memorandum is _______
A. 1 year
B. 2 years
C. 3 years
D. 4 years
Answer: A
54. _________ prospectus were issued in order to test the market before

finalizing issue size/ price.
A. Deemed
B. Shelf
C. Red herring
Answer: C
Misrepresentation in prospectus o m
55. What is the punishment for directors, promoters and other persons for
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A. Fine 50,000
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B. 2 years imprisonment a
C. Both of the above q M
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D. None
Answer: C
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56. When a private company is converted into public company. In which
form it should be
A. Schedule III
B. Schedule IV
C. Schedule VI
D. None of these
Answer: B
57. A statement in lieu of prospectus is required to be issued
A. by all companies which issue shares or debentures
B. by public companies when shares are issued among friends and relatives
C. by private companies as they do not issue shares to the public
D. by all companies
Answer: B

Share Capital
58. A company must inform the registrar about redemption of preference

shares with in
A. 21 days
B. 15 days
C. 30 days
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Answer: C
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t ethe __________ capital of a
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59. Share premium amount is treated as
company
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A. issued c
B. Reserve
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C. Subscribe
Answer: B
60. A company can create ‘reserve capital’ by passing__________
A. an ordinary resolution
B. a special resolution
C. a board resolution
Answer: B
61. The capital which is part of the uncalled capital of the company which
can be called up only in the event of its winding up it is called
A. Issued capital

B. Nominal capital
C. Authorised Capital
D. Reserve capital
Answer: D
62. XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred

shares. The issue is valid or void
A. Valid
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B. Void
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C. Situation does not arise
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a
D. None of these
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Answer: B
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63. What is the maximum period for redemption in case of preference
shares issued by the company?
A. 10 years
B. 15 years
C. 20 years
D. None of these
Answer: C
64. Capital redemption reserve must be used for issue of
A. Fully paid bonus shares
B. Fully paid equity shares
C. Preference shares
D. None of the above.
Answer: A

65. Part of the issued capital taken by public is called ___________
A. Subscribed
B. Called - up capital
C. Un called capital
D. Paid up capital
Answer: A
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66. Part of authorized capital which is offered by the company for
subscription. .c
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A. Subscribed a
B. Issued
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C. Un called
D. called up
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Answer: B
67. Stamp duty on registration of the company is payable based on

_________capital.
A. Nominal
B. Authorised
C. Both a & b
D. None
Answer: C
68. Deferred shares are also known as ____________ shares
A. Founders
B. Equity
C. Preference

D. None
Answer: A
69. _________ Preference shares carry the right to cumulate the dividends
A. Converted
B. Cumulative
C. Nonconverted
D. None
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Answer: B
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70. Paying back of capital is called a
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A. Redemption
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B. Conversion M
C. Participation
D. None
Answer: A
71. Premium amount on the securities are transferred to ________account
A. Securities premium
B. Reserve fund
C. Capital Reserve
D. None
Answer: D
72. ____are the shares issued by the company to it employees or directors

for consideration other than cash
A. Bonus
B. Sweat

C. Right
Answer: B
73. Cumulative preference share holders have voting right if dividends are
in arrears for years
A. 1
B. 2
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C. 3
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D. 4
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Answer: B
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74. _______ form is to be findcin case of variation rights of share holders
A. 23
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B. 19
C. 18
D. 20
Answer: B
75. _________ is an aggregate of fully paid share that have been legally
consolidated.
A. Share
B. Stock
C. Both a & b
Answer: B

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Memorandum and Articles of Association
26. Which of the following need not have MOA
A. Public company
B. Private company
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C. Government company
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D. Statutory Corporation.
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Answer: D
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cname by passing
27. A company can change its
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A. Ordinary resolution
B. Special resolution
C. Either by special resolution or by ordinary resolution
Answer: D
28. Ultra vires means
A. Beyond the power
B. Within the power
C. Both
Answer: A
29. Ultra vires loans granted by the company are
A. Void

B. Voidable
C. Valid
Answer: A
30. What is known as a charter of a Company?
A. Memorandum
B. Articles
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C. Bye laws
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D. Prospectus
a
Answer: A
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31. The granting of the certificate of incorporation renders the illegal
objects include in the memorandum:
A. Legal
B. Void
C. Voidable
Answer: B
32. Change in objects clauses can be effected
A. For any reason
B. For special reason only
C. to comply with C.G order
Answer: B

33. The capital clause of a company can be changed with the permissionof
_____________
A. Company law board
B. Registrar
C. Court
Answer: C
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Promoters
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34. ______ conceives the idea of the business
a
A. Promoters
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B. Directors c
C. Auditors
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Answer: A
35. _______stands in the fiduciary position of the company
A. Directors
B. Promoters
C. Auditors
Answer: B
36. ______ are the contracts entered into by promoters on behalf of a

prospectus company.
A. Provisional contracts
B. Pre Incorporation contracts

C. Preliminary contracts
D. Both a) & b)
Answer: D
37. Contracts made after incorporation but before the grant of Certificate
of commencement of Business _____
A. Provisional contracts
B. Pre incorporation contracts
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C. Preliminary contracts
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D. Both (b) & (c)
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Answer: C
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cis also known as _________
38. Pre incorporation contract
A. Provisional
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B. Preliminary
C. illegal
D. legal
Answer: B
39. A public company can borrow money ___________
A. before incorporation
B. Soon after incorporation
C. after issuing a proposal
D. after obtaining certificate to commerce business.
Answer: D
40. A private company can borrow funds
A. after incorporation

B. after obtaining certificate to commerce business
C. after holding first annual general meeting
Answer: A
41. A promoter is a person who
A. is a director.
B. is a relative of the company.

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C. is a wellwisher of the company.
.c
te
D. takes part in the companys incorporation.
a
Answer: D
q M
c Prospectus
M
42. When there is a untrue statement in a prospectus who can sue
A. Subscribed in primary market
B. Subscribed in secondary market
C. Rights issue
Answer: A
43. Definition of prospectus was given under which sec.
A. 2 (30)
B. 2 (32)
C. 2 (34)
D. 2 (36)
Answer: D

44. Which of the following are not required to issue prospectus?
A. Private company
B. In case of right issue
C. Sweat equity issue
D. All the above
Answer: D
o m
45. _______are the prospectus issued instead of full prospectus
.c
A. Abridged
te
a
B. Statement in lieu
q M
C. Shelf
c
D. Red herring
M
Answer: A
46. Which one of the following has a right to claim compensation for any
loss due to misstatement in prospectus
A. Purchasing shares in Primary Market
B. Secondary Market
C. Subscribers to memo.
D. All the above
Answer: A
47. _______ years of imprisonment will be imposed in case of issue of

prospectus with untrue statements
A. 1
B. 2
C. 3

D. 4
Answer: B
48. What is the liability not delivering that can be imposed for statement in
lieu of prospectus_________
A. Fine – 10,000
B. Imprisonment – 2 years
C. Both (a) & (b)
o m
.c
Answer: A
te
a
q M
49. _______ are the prospectus issued by the issuing house
c
A. Deemed prospectus
M
B. Shelf prospectus issued by the issuing house
C. Red herring
Answer: A
50. _________ prospectus were issued in case securities were issued in

stages
A. Deemed
B. Shelf
C. Red herring
Answer: B

o m
.c
te
a
q M
c
M

Incorporation of Companies
1. How many members should sign the MOA in case of public company
______.
A. 1
B. 3 o m
.c
C. 5
te
D. 7 a
Answer: D
q M
c
M
2. How many members should sign the MOA in case of private company
________
A. 1
B. 2
C. 3
D. 4
Answer: B
3. In case of appointment of Directors ______ form is to be filed
A. 29
B. 32
C. 18
D. 1
Answer: A
4. ______ is the conclusive evidence in case of company that statutory

requirements have complied with
A. certificate of incorporation
B. certificate of commencement of business
C. both
Answer: A
m
5. Private company can start its business immediately after the issue of
o
A. certificate of commencement of business
.c
te
B. certificate of incorporation
a
C. both
q M
c
Answer: B M
Memorandum and Articles of Association
6. The doctrine of indoor management is an ______to the doctrine of

constructive notice
A. Exception
B. Extension
C. Alternative
Answer: B
7. The doctrine of _________ does not apply to acts void ab initio.
A. Ultra virus
B. Intra virus
C. constructive notice
D. Indoor management
Answer: D

8. A company can change its name at its own discretion by passing
_________
A. Ordinary resolution
B. Special resolution
C. Boards resolution
Answer: B
o m
.c
e
9. Any change in the address of the registered office must be
t
communicated to the registrar within:
a
A. 15 days
q M
B. 30 days c
C. 1 Month
M
D. 12 months
Answer: C
10. An act ultra virus the directors can be rectified if it is not ultra vires
A. the articles
B. the memorandum
C. Company Act
Answer: C
11. The lending of funds ultra vires, the company has no rights
A. under the company’s Act
B. contract Act
C. under equity

Answer: A
12. If a new company get registered with a name which resembles the
name of existing company then it should apply to whom?
A. NCLT
B. SEBI
C. ROC
o m
.c
Answer: A
te
a
q M
13. Companies are now allotted a _______ in addition to their name
c
A. PAN
B. SIN
M
C. PIN
D. CIN
Answer: D
14. In how many days did the company have its registered office after
incorporation
A. 10
B. 20
C. 30
D. 40
Answer: C
15. Under which sec. if company fails to commence its main object the
court may order winding up

A. 403 (f)
B. 413 (f)
C. 423 (f)
D. 433 (f)
Answer: D
16. In case of forgeries acts done in the name of the company are
A. Valid
o m
B. Void
.c
te
C. Void ab initio
a
q M
Answer: C
c
M
17. Signature of memorandum and articles should be done by
___________ number of persons in case of public company
A. 7
B. 5
C. 4
D. None of these
Answer: A
18. Signature of memorandum and articles should be done by

___________number of persons in case of private company
A. 3
B. 4
C. 2
D. None of these
Answer: C

19. MOA should be in form ____________ in case of company limited by
shares
A. Table A
B. Table B
C. Table C
D. Table D
Answer: B
o m
.c
e
20. MOA should be in form ____________ in case of company limited by
t
guarantee not having share capital
a
A. Table A
q M
B. Table B c
C. Table C
M
D. Table D
Answer: C
21. MOA should be in form ________ in case of company limited by

guarantee and having share capital
A. Table A
B. Table B
C. Table C
D. Table D
Answer: D
22. MOA should be in form ____________ in case of a unlimited liability
A. Table A
B. Table B

C. Table E
D. None of these
Answer: C
23. In the MOA there are 6 clauses. We can alter all clauses expect one
clause. What is that clause?
A. Objects clause
B. Name clause
o m
C. Association clause
.c
D. None of these
te
a
Answer: C
q M
24. If anybody wants to file a c
case against the company they should file at
what place _________ M
A. Company
B. Registered Office
C. BOD
D. Books of accounts
Answer: B
25. Address of the registered office is situated in
A. MOA
B. AOA
C. Prospectus
D. None of these
Answer: B

o m
.c
te
a
q M
c
M

Corporate Law Mcqs 2

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Corporate Law Mcqs 2

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Corporate Regulations MCQs [set-8]

176. An official liquidator is appointed by the _____

C. List A and List B

178. Official liquidators are appointed from the panel of _______

A. Professional firm of Chartered Accountant

D. All of the above

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D. Any one of these

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153. Every business transacted at an EGM is a _________ business

C. Both (a) & (b)

D. None of the above

154. Majority rule is not applicable when

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B. The act done is ultra vires the company.

C. The act done constitutes a fraud

D. all the above

155. A cost auditor makes his report to:

B. Annual general meeting

C. Extra ordinary G.M

D. None of the above

157. If as a person is present in more than 1 capacity his presence will be

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D. None of the above

160. _________ Order to call a EGM even though 1 member present in

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162. Voting right can’t be exercised in case of _________

D. None of the above

D. None of the above

164. ________ is the official recording of the proceedings of a meeting

D. None of the above

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166. Loose – leaf minutes to be bound into books at regular intervals of

168. Qualification shares for a director are provided in the ________

D. Contract b/w Company & Directors

169. Directors are __________ of the company

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D. None of the above

170. A special resolution is passed with

D. None of the above

A. Public company having share capital

B. Public company not having share capital

C. Private company not having a share capital

D. None of the above

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D. none of the above

175. Notice of Adjourn meeting is not required of a meeting is

A. Adjourn for want of quorum

B. Adjourn sine die

C. Adjourn for more than 30 days

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Calls and Forfeiture,Surrender of Shares

126. ________ is a short cut to forfeiture

D. None of the above

128. Interest out of capital can be paid only if it is sanctioned by____

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131. Notice of statutory meeting should be attested by at least.

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136. AGM should be held at

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137. Failure to convene AGM u/s 166 penalty will be

A. 50,000+250 per every day