AnswerT

Unit Question ype Option1 Option2 Option3 Option4 Answer Marks Negative
A valid private public Both (a) None of Option 1
appointme company company & (b) the
nt of two Above
or more
directors
by a single
resolution
is possible
for a ____
company.

1
A The The The All of the Option 4
company contract contract company above
is bound so is within has
by a pre- entered the accepted
incorporati is on object such
behalf of clause of contract
on
the the after
contract, proposed company incorpora
on company . tion, by
fulfillment framing a
of which fresh
conditions contract
? containin
g same
terms or
new
terms

3
Overall 11% 10% 5% 8% Option 1
managerial
remunerati
on cannot
exceed __
% of
profits.

1
 Table A is a a a an Option 1
the form of company company company unlimited
limited by limited by limited by company
memorand shares guarantee guarantee and not
um andnot and having
applicable having having share
for share share capital
capital capital
2
Acts intra ultra ultra ultra Option 2
beyond the vires vires vires/ vires and
scope of intra intra
Memorand vires vires
um of
Associatio
n are
_______
and hence
void

2
The Abridged Shelf Deemed Red Option 4
prospectus prospect prospect prospect herring
which us us us prospect
does not us
include
complete
particulars
of the
price of
the
securities
is

3
An auditor sharehol directors promoter debentur Option 1
acts as an ders e holder
agent of
_________

3
Sweat Whole Directors Promoter Only to Option 2
Equity time or s only key
Shares can directors Employe manage
be issued es ment
to personne
_________ l
_
4
 An OPC 50 lakhs 20 lakhs 500 lakhs None of Option 1
cannot and 2 and 1 and 20 the Above
crore crore crore
have paid
up capital
in excess
of ____
and
turnover in
excess of
____.
1
The 100 200 300 500 Option 2
maximum
number of
persons in
a private
company
_________
_
1
Table F is limited by limited limited unlimited Option 1
the format shares by by company
of AOA guarante guarante
for a e and e and
company having not
share having
capital share
capital
2
A Private One Small Both (a) None of Option 3
Company Person Compan & (b) the
may be Compan y Above
_________ y
_________
_
1
The term Balance Statemen Cash Flow All of the Option 4
'financial Sheet t of profit statemen above
t
statement" or loss
includes
3
Interest 4% 6% 12% 18% Option 3
Rate on
Calls-In-
Advance
cannot
exceed
_______
 Which of It can sue It is not a It does Its an Option 3
the and be citizen. not have artificial
statement sued in its perpetual person.
is not own successio
correct as name n.
regards a
company
_______

1
Which Must Minimum Minimum Does not Option 4
statement issue a 7 Rs.5 lakhs require
is not prospectu persons. capital is registratio
applicable s or necessary n
to a public statemen .
company t in lieu of
_________ the
_ prospectu
s.
1
Property of Members Company Share Promoter Option 2
the holders s
company
belongs to
_________
______

1
The word beyond within the limited none of Option 1
ultra vires the power power the above
means power directors.
_________
______

2
Private 2 3 4 5 Option 1
company
must have
at least
_________
___
members.
1
The The The The The Option 2
doctrine of Company. outsider, Central Company
indoor- dealing Governm Law
manageme with the ent Board.
nt comes to company.
the aid
of________
__

2
 The The The Ministry The Option 4
doctrine of Company Central of Company.
Constructiv Law Governm Company
e notice Board. ent. affairs
can be
invoked by
_________
_

2
MOA is Constituti Preamble History Aims and Option 1
compared on objectives
to
________

2
In case of a MOA AOA Directors Both are Option 1
conflict prevails. prevails. shall not
between decide. considere
MOA & d.
AOA
_________
_

A Notice Circular Advertise All the Option 4

prospectus ment above
may take
the form of
_________
_

3
 Statement Minimum Minimum Minimum Minimum Option 1
in lieu of 3 days 6 days 9 days 12 days
the before before before before
prospectus allotment allotment allotment allotment
must be of shares of shares of shares. of shares.
registered
with
registrar__
__

3
when a a shelf a red a an Option 3
public prospectu herring statemen abridged
company s prospectu t in lieu of prospectu
does not s prospectu s
invite the s
public to
subscribe it
shares ,
which
prospectus
does it
issue ?
3
In a shelf one three two four Option 1
prospectus,
the validity
of a
prospectus
is ____ year
from the
date of
opening of
the first
issue of
securities

3
 In the case one four two six Option 1
of transfer
and
transmissio
n of share ,
a company
is required
to issue a
fresh share
certificate
to the new
members
within
_______
month of
receipt of
transfer
deed

4
Ordinarily, the principal any place None of Option 1
the books registerd law of of the Above
of account office business business
of a
company
must be
kept at
3
A company 2 6 4 8 option 4
is required
to preserve
it books of
accounts in
order for a
period of
not less
than ____
year
immediatel
y
preceding.

3
Financial chairman chief company All of the Option 4
statement of the executive secretary above
should be company officer/
signed by or 2 chief
directors financial
officer

3
 The first 1st & 6th 1st & 2nd 1st & 5th 1st & 3rd Option 1
auditor of
the
company
shall hold
office from
the
conclusion
of
___AGM,till
the
conclusion
of___AGM

3
select the right to right of right to all of the option 4
rights of an attend access to be heard above
auditor meeting books of at the
account meeting

3
If the One One Two Two option 4
auditor is a term , term , five term , term , five
firm , it two consecuti two consecuti
cannot be consecuti ve years consecuti ve years
appointed ve years ve years
for more
than _____
terms of
_____
consecutive
year.

3
For removal Ordinary Ordinary Special Board Option 4
of an resolution resolution resolution resolution
auditor + cg + cg + Central
before the approval approval Govt
expiry of approval
his term , + special
the resolution
following
how to be
passed

3
 The salmon Derry v/s salmon None of Option 1
concept of v/s peek v/s derry the Above
'Separate salmon
legal entity' and
for a co.limited
company
was first
established
in the case
of ?

1
In which of when the when the when the All of the Option 4
the company company company above
following is formed is found has been
circumstan for to be a formed to
ces, the defraudin sham avoid
corporate g legal
veil is creditors obligation
lifted ? s

1
When a restricts limit the prohibits All of the Option 4
public the rights number any above
company is to of its invitation
converted transfer members to the
into a its shares to 200 public to
private subscripti
company , on for any
which of securities
the of the
following company
clauses are
inserted in
its article:-

1
The 1 2 3 4 Option 3
minimum
number of
directors
for a public
company

1
 The 1 2 3 4 Option 2
minimum
number of
shareholder
s to form a
valid
quorum for
a private
company

1
The 1 2 3 5 Option 4
minimum
number of
shareholder
s to form a
valid
quorum for
a public
company

1
The 25 lakh 50 lakh 1 crore 5 crore Option 2
maximum
paid- up
capital for a
small
company

1
The 1 crore 5 crore 2 crore 10 crore Option 3
maximum
turnover of
a small
company
cannot one
person
company
exceed

1
 To start a he must he must he must All of the Option 4
'one person be a be a be a above
company' natural indian resident
which of person citizen in india
the
following
conditions
should be
fulfilled :-

1
conversion special ordinary special None of Option 1
of a private resolution resolution resolution the Above
company + NCLT
into a approval
public
company
requires

1
conversion special ordinary special None of Option 3
of a public resolution resolution resolution the Above
company + NCLT
into a approval
private
company
requires

1
Along with Decelerati decelerati decelerati all of the Option 4
spice+ from on by on by on by above
for advocate/ director each
incorporati ca subscribe
on, the r
following
declaration
have also to
be made…

2
13) CIN Corporate company Composit none of Option 1
stands for… identity identity e the above
number name Identifica
tion
Name
3
 The legal a agent a trustee a none of Option 4
position of for a for the managed the above
promoter company company partner of
(before company
incorporati
on of the
company) is
that he is
3
If a Rescind recover sue for all of the Option 4
promoter the the secret breach of above
make a contract profit trust
secret mode
profit the
company
has the
following
remedies
against him

3
Which is of ordinary ordinary sp. Reso none of Option 3
the resolution reso. + + central the above
following is central govt.
true for govt. Approval
alterations Approval
of name
clause
2
Which ordinary ordinary sp. none of Option 3
option is resolution reso. + Resolutio the above
true for central n+
alterations govt. dissenting
of object Approval sharehold
clause ers be
given an
exit
opportuni
ty

2
An act is it is not it is it’s All of the Option 4
ultra- vires authorise outside attainmen above
if d by the the scope t is not
company of incident
memoran to the
dum attainmen
t of the
main
object.

2
 An ultra- valid void void ab voidable Option 3
virus initio
transaction
is a
_________
transaction.
2
According an an an None of Option 1
to the outsider outsider outsider the Above
Doctrine of is does not is not
constructiv presumed have to required
e notice to have know the to into
knowledg content the
e about of the regularity
the moa Memoran of the
& aoa dum and internal
the proceedin
Articles gs

2
Which the It is a A copy of It has to All of the Option 4
following is document it has to be signed above
true offering be filed by every
regarding securities with the director
the to more ROC
prospectus than 200
persons

3
In which of when All of the Option 4
the dividend above
following if is lawfully where
circumstan dividend adjusted there is a
ces, a cannot by the dispute
company be paid company regardin
will not be by against g the
liable for reason of any sum right to
defaullt in operation due to it receive
payment of from the
dividend of any sharehold the
law. er dividend
3
 Which of To To To All of the Option 4
the enquire enquire enquire above
following is whether whether whether
the duty of loans and transactio personal
an auditor ? advances ns of the expenses
made by company have
the which are been
company represent charged
on the ed merely to
basis of by book revenue
security, entries, account
have are
been prejudicia
properly l to the
secured interests
of the
company

3
In which of if he is if he has a special All of the Option 4
the not not given resolution above
following disqualifie to the has not
circumstan d for re- company been
ces a appointm passed at
retiring ent a notice the AGM
auditor in writing appointin
may be of his g some
reappointe unwilling other
d at an ness to auditor
AGM be
reappoint
ed

3
Dividend on sharehold directors, promoter, promoter, Option 2
equity ers. sharehold directors sharehold
shares is Directors ers ers
recommen
ded by
____ and
declared by
______.

3
Final annual extra- statutory board Option 1
dividend is general ordinary meeting meeting
declared by meeting general
shareholder meeting
s at the

3
 Once Option 3
declared,
dividend
must be
paid within
__ days of
its
declaration.

3 10 20 30 40
Select the past current money All of the Option 4
correct undistribu profits guarantee above
sources of ted profit d by
dividend. Central
Govet/
State
Govt
3
According losses of depreciati both all Option 3
to previous on of losses and expenses
Companies years previous depreciati of
Act 2013, years on of running
before previous its
declaring years business
dividend, a
company
has to set
off the
following
against its
profits.

3
For 1/10th of 1/5th of 1/10th of 1/10th of Option 1
declaring the sum the sum paid up free
dividend of paid up of paid up capital reserves
out of its capital capital
reserves, and free and free
the reserves reserves
maximum
amount
that can be
withdrawn
from the
reserves
cannot
exceed

3
 The 10% of 5 % of the 15% of 10% of Option 3
balance of the sum sum of paid up free
reserves, of paid up paid up capital reserves
after capital capital
declaring and free and free
dividend reserves reserves
should not
fall below

3
Do not
Shuffle
Option
 AnswerT
Unit Question ype Option1 Option2 Option3 Option4 Answer
A valid private public Both (a) None of Option 1
appointm company company & (b) the
ent of Above
two or
more
directors
by a
single
resolutio
n is
possible
for a
____
company
.

1
Overall 11% 10% 5% 8% Option 1
manageri
al
remunera
tion
cannot
exceed
__% of
profits.
1
 AnswerT
Unit Question ype Option1 Option2 Option3 Option4 Answer
Table A a a a an Option 1
is the company company company unlimited
limited by limited by limited by company
form of shares guarantee guarantee and not
memoran andnot and having
dum having having share
applicabl share share capital
e for capital capital
2
Acts intra ultra ultra ultra Option 2
beyond vires vires vires/ vires and
the scope intra intra
of vires vires
Memora
ndum of
Associati
on are
_______
and
hence
void

2
 AnswerT
Unit Question ype Option1 Option2 Option3 Option4 Answer
A company is boundThe
b contraThe All of the Option 4
The compan
contract
is within
the
object
clause of
the
company
.
3
3 The prospectus which
Abridged Shelf prosDeemed prRed herrinOption 4
 AnswerT
Unit Question ype Option1 Option2 Option3 Option4 Answer

AnswerT
Unit Question ype Option1 Option2 Option3 Option4 Answer