Deck 3: Company Law and Regulations: Part 1

Question 1

Every AGM must be held with ___ from the date of the Balance Sheet.

A)4 months
B)6 months
C)9 months
D)none of these

Answer 1

9 months

Question 2

After the expiry of how much time the company must think that the permission was not granted

A)11 weeks
B)12 weeks
C)10 weeks
D)none of these

Answer 2

10 weeks

Question 3

The resolution passed at AGM are__________

A)valid
B)void
C)voidable
D)void ab-initio

Answer 3

valid

Question 4

Own funds are called

A)debenture capital
B)share capital
C)loan capital
D)none of the above

Question 5

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
D)none of the above

Question 6

In case of red-herring prospectus the refund is made with an interest @_____

A)12
B)13
C)15
D)16

Question 7

If the guarantee Co. having no share capital the liability of shareholders will be

A)to the extent of guarantee
B)unpaid value of shares
C)unlimited
D)none of the above

Question 8

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

Question 9

The doctrine of__________ does not apply to acts void ab initio.

A)ultra virus
B)intra virus
C)constructive notice
D)indoor management

Question 10

Cumulative preference share holders have voting right if dividend are in arrears for years

A)1
B)2
C)3
D)4

Question 11

In case of Partly Convertible Debentures non-convertible portion is classified as_____

A)debt
B)equity
C)both (a) & (b)
D)none of the above

Question 12

Transmission is effected by

A)sale
B)death
C)insolvency
D)both (b) & (c)

Question 13

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

Question 14

Deposits should issued with in__________ weeks from the date of receipt of money.

A)2
B)4
C)6
D)8

Question 15

Information memorandum + shelf prospectus together constitutes_____

A)memorandum
B)articles
C)prospectus
D)none of the above

Question 16

In the event of appointing a proxy joint holders shall sign the proxy form

A)singularly
B)jointly
C)none of the above
D)both (a) & (b)

Question 17

Minimum number of members in case of private company is

A)1
B)2
C)3
D)4

Question 18

Which one of the following has a right to claim compensation for any loss due to mis-statement in prospectus

A)purchasing shares in primary market
B)secondary market
C)subscribers to memo
D)all the above

Question 19

______ years of imprisonment will be imposed in case of issue of prospectus with untrue statements

A)1
B)2
C)3
D)4

Question 20

Forfeiture can be made only if it is authorized by ______

A)aoa
B)moa
C)roc
D)c.g

Question 21

Name of the member is struck off from the register in case of____________

A)issue of share certificate
B)share warrant
C)forfeiture
D)none of the above