Company Law MCQs [set-3]

51. A company can become a members of another company if it is so authorized

by______
A. moa
B. aoa
C. both (a) & (b)
D. none of the above
Answer: A

52. Validity period of information memorandum is___________

A. 1 year
B. 2 years
o m
C. 3 years
. c
D. 4 years te
Answer: A a
q M
c
53. Central Government permission is required in case of_____ conversion____
A. private to public
B. public to private
M
C. both (a) or (b)
D. none of the above
Answer: B

54. Paying back of capital is called

A. redemption
B. conversion
C. participation
D. none
Answer: A

55. Proxies cannot vote on_________

A. show of hands
B. poll
 C. both (a) & (b)
D. none of the above
Answer: A

56. Minimum number of members in case of public company

A. 1
B. 2
C. 5
D. 7
Answer: D

57. Minimum no. of Directors in case of private company is __________

A. 1
B. 2
C. 3
D. 4
Answer: B

58. A company is named as govt. company if it is holds_________ % of paid up

share capital
A. more than 30
B. more than 40
C. more than 50
D. none
Answer: C

59. _______ % of shares should be held by a company in another company so as to

become subsidiary
A. more than 50
B. more than 40
C. more than 30
D. more than 20
Answer: A

60. In case of Non -Profit making Companies books of accounts are required to be
preserved for _____ years
A. 2

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 B. 4
C. 6
D. 8
Answer: B

61. Accepting of deposits from public in case of private company is

A. prohibited
B. restricted
C. acceptable
D. none of these
Answer: A

62. Stamp duty on registration of the company is payable based on____________

capital.
A. nominal
B. authorized
C. both (a) & (b)
D. none
Answer: C

63. ____ are the shares issued by the company to it employees or directors for
consideration other than cash
A. bonus
B. sweat
C. right
D. none of the above
Answer: B

64. ________ resolution should be passed by the company to offer shares to

outsiders
A. special resolution
B. ordinary resolution
C. c.g
D. none of the above
Answer: A

65. The doctrine of indoor management is an_________ to the doctrine of

constructive notice

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 A. exception
B. extension
C. alternative
D. none of the above
Answer: B

66. Ques. Companies are now allotted a_________ in addition to their name
A. PAN
B. SIN
C. PIN
D. CIN
Answer: D

67. In how many days did the company have its registered office after
incorporation
A. 10
B. 20
C. 30
D. 40
Answer: C

68. 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
C. association clause
D. none of these
Answer: C

69. If any body wants to file a case against the company they should file at what
place _____
A. company
B. registered office
C. bod
D. books of accounts
Answer: B

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70. Ultra vires loans granted by the company are
A. void
B. voidable
C. valid
D. none of the above
Answer: A

71. conceives the idea of the business

A. promoters
B. directors
C. auditors
D. none of the above
Answer: A

72. Company is recognized by _________________

A. Services
B. Common Seal
C. Directors
D. Artificial Person
Answer: B

73. Company Law disputes are referred to_____________

A. CLB
B. NCLT
C. NCLAT
D. District court
Answer: B

74. One of the feature of Company as _______________

A. Name
B. Perpetuity
C. Location
D. Registration
Answer: B

75. _____________ Company can be classified on based control company.

A. Public
B. Limited

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 C. Registered
D. Holding
Answer: D

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