Deck 4: Company Law and Regulations Related to Name Change, Prospectus, and Liability of Members

Question 1

A company may change its name by passing ------------------- with the approval of central govt.

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

Answer 1

Special resolution

Question 2

The company shall give notice of alteration to the Register within ---------------- of passing the resolution

A)3 months
B)6 months
C)30 days
D)60 days

Answer 2

30 days

Question 3

Prospectus must therefore make full and honest declaration of materials facts without concealing or omitting any relevant fact. This is known as -----------------

A)Twiquant rule
B)Golden rule
C)General rule
D)Special rule

Answer 3

Golden rule

Question 4

A Public company May issue a prospectus called ---------------

A)Red herring Prospectus
B)Shelf prospectus
C)A bridged prospectus
D)Deemed prospectus

Question 5

Golden rule was laid down by -------------------

A)KINDERSELY VC in new Brun Wick Co. V Marreride
B)Edington V Fitzmaurice
C)Treeman V Buckhcats
D)Royal British Bank V Turquand

Question 6

------------------------ is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum.

A)Deemed prospectus
B)A bridged prospectus
C)Red herring prospectus
D)Shelf prospectus

Question 7

------------------Acts as the official signature of the company.

A)Registration
B)Special resolution
C)Legal entity
D)Common seal

Question 8

The association that are not registered under sec. II of the companies act is -------------

A)Incorporated Association
B)Illegal Association
C)Non Licensed Association
D)Unregistered Association

Question 9

---------------------------- is a person who has signed company's memorandum of association

A)Individual
B)Corporate body
C)Member
D)Legal person

Question 10

------------------- is a person who holds the shares for the benefit persons

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

Question 11

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

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

Question 12

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

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

Question 13

On which of the following dates the companies Act,1956 come in to force-

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

Question 14

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

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

Question 15

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 16

Statutory companies are also known as ----------------------

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

Question 17

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 18

A Statutory company is one which incorporated by

A)An Act of Parliament
B)By an Act of state legislature
C)Under the companies Act,1956
D)By either a or b.

Question 19

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 20

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

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

Question 21

----------------------- describes the scope of company activities

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

Question 22

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

A)Articles of Association
B)Prospectus
C)Memorandum of Association
D)None of these.