Question 1

C.G. approval is necessary in case of issue of __________

Accepted Answer

A)  Share certificate
B)  Share warrant
C)  Both (a)  & (b) 
D)  None of the above B

Question 2

If the ownership of shares goes to another by operation of law is called as _______

Accepted Answer

A)  Transfer
B)  Transmission
C)  Both (a)  & (b) 
D)  None of the above B

Question 3

__________ is a document showing title

Accepted Answer

A)  Share certificate
B)  Share warrant
C)  Both (a)  & (b) 
D)  None of the above C

Question 4

Which of the following can issue the share warrant

Accepted Answer

A)  Public
B)  Private
C)  Both (a)  & (b) 
D)  None of the above

Question 5

Transfer is effected by _______

Accepted Answer

A)  Sales
B)  Death
C)  Insolvency
D)  None of the above

Question 6

The person who transfer his rights and duties is called __________

Accepted Answer

A)  Transferee
B)  Transferor
C)  Promisor
D)  Promisee

Question 7

_________ are attached to the share warrant

Accepted Answer

A)  Dividend coupon
B)  Warrant
C)  Certificates
D)  None of the above

Question 8

A share warrant is transferable by _________

Accepted Answer

A)  By Execution of transfer deed
B)  By delivery
C)  both a and b
D)  None of the above

Question 9

In which of the following stamp duty & consideration not necessary ________

Accepted Answer

A)  Transfer
B)  Transmission
C)  Both a & b
D)  None of the above

Question 10

Company to accept calls in advance from shareholders they should have permission in

Accepted Answer

A)  MOA
B)  AOA
C)  BOD
D)  None of these

Question 11

_________ arises in respect of debt due on shares as well as on other transactions.

Accepted Answer

A)  Forfeiture
B)  Lien
C)  Both (a)  & (b) 
D)  None of the above

Question 12

Return of partly paid shares by the shareholders to the company is _______

Accepted Answer

A)  Surrender
B)  Forfeiture
C)  Lien
D)  None of the above

Question 13

_________ is voluntary passage of the rights and duties of member from a share holder.

Accepted Answer

A)  Transfer
B)  Transmission
C)  Both (a)  & (b) 
D)  None of the above

Question 14

Forfeiture can be made only if it is authorized by ________

Accepted Answer

A)  AOA
B)  MOA
C)  ROC
D)  C.G

Question 15

_______ is an instrument of transfer signed by the transferor in which the name & date are not filled.

Accepted Answer

A)  Forged transfer
B)  Blank transfer
C)  Both (a)  & (b) 
D)  None of the above

Question 16

A share certificate is required to be signed by ___________.

Accepted Answer

A)  managing director
B)  shareholders
C)  board of directors
D)  company secretary

Question 17

_______ transfer is null and void

Accepted Answer

A)  Forged
B)  Blank
C)  Both (a)  & (b) 
D)  None of the above

Question 18

Transfer deed should in Form No.

Accepted Answer

A)  6 B
B)  5 B
C)  7 B
D)  None of these

Question 19

_________Days be given for payment of call money from the date of service of notice

Accepted Answer

A)  14
B)  13
C)  12
D)  11

Question 20

In case of __________ duplicate can be obtained if it lost

Accepted Answer

A)  Share warrant
B)  Share certificate
C)  Dividend coupon
D)  None of the above

Exam 5: Title Documents, Share Certificates, and Transfers