Deck 11: Company Law and Governance FAQS

Question 1

_____________ is a person who holds the shares for the benefit persons.

A)Trustee
B)Member
C)Shareholder
D)Company

Answer 1

Trustee

Question 2

The right given to a particular class of shareholders are called the _____________

A)Special right
B)General rights
C)Class right
D)None of the above

Answer 2

Class right

Question 3

The power to order rectification of register of members vests in the _________

A)Court
B)Tribunal
C)Central Government
D)Board of Directors

Answer 3

Tribunal

Question 4

On which of the following dates the Companies Act, 1956 come into force?

A)31st March 1956
B)1st April 1956
C)31st March 1957
D)1st April 1957

Question 5

The history of the Indian Company Law began in the year of

A)1850
B)1908
C)1913
D)1956

Question 6

The privilege of limited liability was introduced in the Indian Company Law, in the year of

A)1850
B)1857
C)1927
D)1956

Question 7

Statutory companies are also known as _______

A)State legislative
B)Govt. company
C)Corporation
D)None of the above

Question 8

The auditor of government company is appointed by the ___________of India.

A)High Court
B)Supreme Court
C)State legislative
D)Controller and Auditor General

Question 9

A statutory company is one which incorporated by

A)An Act of Parliament
B)By an Act of State legislative
C)Under the companies Act, 1956
D)By either (a) of (b)

Question 10

In case of a company limited by guarantee, the liability of the members can be enforced

A)only at the time of winding up of the company
B)at any time when the company so decide
C)only by an order of court
D)only by an order of Registrar of Companies.

Question 11

__________ is compulsory for unlimited companies, private companies, companies limited by guarantee.

A)Memorandum of Association
B)Articles of Association
C)Prospectus
D)Statement in lieu

Question 12

__________ describes the scope of company activities

A)Memorandum of Association
B)Prospectus
C)Articles of Association
D)Documents

Question 13

The first important document to be filed with the Registrar is ______-

A)Articles of Association
B)Prospectus
C)Memorandum of Association
D)None of the above

Question 14

If the company's Act go beyond the provisions of the memorandum, its act will be _______

A)Constructive notice
B)Circular
C)Ultra vires
D)None of the above

Question 15

___________ is the construction of a company

A)Promotion
B)Certificate of incorporation
C)Memorandum
D)Documents

Question 16

_________ can be passed by the support of three fourth majority a share holders who are present and entitle to vote at a meeting.

A)Special resolution
B)Ordinary resolution
C)Both A and B
D)None of the above

Question 17

_________ contain the rules and regulations of the company.

A)Prospectu
B)Statement in lieu
C)Articles of Association
D)Memorandum of Association

Question 18

__________ signed by the required number of persons which are necessary for the formation of company.

A)Memorandum of Association
B)Prospectus
C)Statement in lieu
D)None of the above

Question 19

A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a _________

A)Company formation
B)Certificate of incorporation
C)Provisional contracts
D)Certificate of commence business

Question 20

If at the time of registration, a company limited by shares does note file articles of association with the Registrar, then

A)The company deemed to have adopted Table A
B)The company cannot be registered without this document.
C)The company is deemed to have become a company with unlimited liability
D)None of the above.

Question 21

The annual return should be filed by a company with the Registrar within _______ days from the date of the annual general meeting of the company.

A)40
B)60
C)30
D)50

Question 22

Every share holder of a company is also known as _____

A)Member
B)Partner
C)Director
D)All of the above

Question 23

A foreigner can become a member of a company registered in India but permission of ______

A)SEBI
B)High court
C)RBI
D)Supreme Court