1. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ may be defined as a person having aontrol over the affairs, conduct and management
of a company.
Correct : B. Director
2. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the supreme policy framing and decision making organ of a company.
Correct : A. Board of directors
3. According to sec.225, the directors should be appointed in he ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. General Meeting
4. The office of a director becomes vacant if he fails to obtain his qualification shares within ‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. 2 months
5. A elected director can be terminated by the
Correct : D. Central Government
6. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ vacancy is caused by resignation, death, insolvency or insanity
Correct : A. Casual
7. The maximum remuneration paid to a manager cannot exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ percent of the annual
net profit
Correct : B. 5%
8. The managing directors hold the ‐‐‐‐‐‐‐‐‐‐‐‐‐ shares of the company.
Correct : C. Qualification
9. Directors are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of he powers conferred on then and they must exercise those powers
bonafide and for the benefit of the company.
Correct : A. Trustee
10. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Member of directors need to retire every year
Correct : D. 1/3
11. The directors may be held ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ liable on their failure to fulfill the formalities imposed upon
them by the Act
Correct : B. Criminal
12. A person cannot hold directorship of more than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐companies at a time
Correct : A. 15
13. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐is the executive authority of the company
Correct : C. Board of Directors
14. A meeting of Board of Directors shall be held at least ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Once in every 3 months and at least 4 such meetings shall be held every year.
15. The quorum for a meeting of the board of directors shall be ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of its total strength or 2
directors whichever is higher.
Correct : D. 1/3
16. Minimum number of directors in public company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : A. 3
17. Minimum number of directors in private company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. 2
18. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a group of people who are acting on behalf of the company
Correct : C. Board of Directors
19. A managing Director can be appointed for a maximum period of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : D. 5 years
20. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ can be imposed on directors for non compliance of requirements’of companies Act
Correct : B. Fine
21. When a director voluntarily remains absent from the three consecutive meetings of the Board of
Directors, and
Correct : C. His office falls vacant
22. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a manufacturing process
Correct : C. Making of Bidi
23. The term whole time director is defined in sec.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Companies Act 1956
Correct : B. 2(24)
24. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ director act during the absence of the original director.
Correct : C. Alternative director
25. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the first general meeting of the share holders odf a public company
Correct : D. Statutory meeting.
26. Statutory meeting held within a period of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Not less one month & not more than 6 month which the company is entitled to start its business
27. The first annual general meeting of the company must be held within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : D. 18 months of incorporation.
28. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ called for dealing with some urgent special business which cannot e postponed till the next annual general meeting.
Correct : A. Extra ordinary general meeting
29. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted.
Correct : B. Quorum
30. For the proper conduct of business in a meeting a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is necessary
Correct : C. Chairman
31. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the official records of the meeting of the company
Correct : D. Minute
32. The chairman of the company has ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ vote
Correct : C. 2
33. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ means the list of business or thing to be done at the meeting
Correct : D. Agenda
34. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ refers to the instrument by which a person is appointed to act for another at a meeting
of the company.
Correct : A. Proxy
35. Decisions of a company are made by ‐‐‐‐‐‐‐‐‐ of its members passed at meeting of members
Correct : B. Resolution
36. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the resolution which is passed at validly called general meeting, by simple majority of the members.
Correct : C. Ordinary resolution
37. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the resolution which is passed , at valid called general meeting, by special majority of the meeting.
Correct : B. Special resolution
38. Special resolution is passed by majority ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the members voting by show of hands or
on poll either in person or by proxy.
Correct : D. ¾
39. ‐‐‐‐‐‐‐‐‐‐‐‐ is a proposal put before a meeting.
Correct : A. Motion
40. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a decision on the proposal
Correct : D. Resolution
41. winding up by the order of Tribunal is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Compulsory winding up
42. Winding up by special resolution passed by the company
Correct : C. Voluntary winding up
43. In case of members voluntary winding up , the liquidation for conducting the winding up
proceedings is appointed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
Correct : B. Company in its general meeting
44. The company is dissolved when the tribunal passes in order of dissolution and the Tribunal shelf
pass such order ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
Correct : A. When the affairs of the company have been completely wound up
45. A past member can also be placed on the list of contributories of he has ceased to be a member
within ‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : D. 12 months before the commencement of the winding up
46. The name of a defunct company can be resorted to register on an application made to the Tribunal
by the company, or any member or a creditor within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
Correct : C. 20 years from the dissolution
47. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐is the first state in which assists realized liabilities are paid off and surplus is
distributed
Correct : B. Winding up
48. The order of dissolution can be issued only by the company
Correct : A. Tribunal
49. In members voluntary winding up control of winding up in the hands of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Company
50. A person who completed 15th year and below 18 year
Correct : B. Adolescent
51. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ mean a person who is either child or Adolescent
Correct : B. Young person
52. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who has ultimate control over the affairs of factory
Correct : C. Occupier
53. Section 10 provides for the appointment of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Certifying surgeon
54. Every worker who worked for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days entitled to Annual Wages
Correct : B. 240
55. Factories Act came in to existence in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : A. 1948
56. Corporal property is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Tangible
57. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are the true owners of the company.
Correct : D. Share holders
58. Corporal refer to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Ownership
59. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ auditors of the company are appointed by the share holders in annual General
Meeting.
Correct : B. Statutory
60. In corporal properties are not ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Apparent
61. The board shall meet at least four time a year, with a maximum times gap of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
between any two meetings
Correct : B. 3 months
62. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a visual symbol attached to goods
Correct : B. A trade mark
63. A registered trade mark is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Common Law Mark
64. Which of the following documents is submitted by the board of directors at every AGM‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐?
Correct : C. Both A and B
65. The time gap between two Annual Meeting should not exceed‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : D. 15 months.
66. Extra ordinary meeting of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Share holders
67. East India Company is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company
Correct : A. Chartered
68. Mention one right that the proxy enjoys during a meeting?
Correct : C. Right to vote
69. The minutes of the company in case of a Board Meeting shall be signed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Chairman
70. The winding up in which a solvency declaration is not made is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : A. Creditors voluntary winding up
71. For meeting may be adjourned by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ circumstances
Correct : B. Lack of information
72. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ guarantees its established quality
Correct : C. Trade mark
73. A unique feature of trade mark is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Perpetual life
74. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a kind of industrial property which can be purchased
Correct : C. Patent
75. The company agrees that the remuneration of non‐ executive directors shall be decided by ‐‐‐‐‐‐‐‐‐‐
Correct : C. Board of Directors
76. On a winding up order being made, the co9mpany’s property comes under the custody of ‐‐‐‐‐‐‐‐‐‐‐‐
Correct : D. Liquidator
77. A proxy can vote only in case of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Poll
78. Where a directors acts dishonestly to the interest of the company. He will be held liable for ‐‐‐‐‐‐‐‐‐‐
‐‐‐‐‐‐
Correct : D. Breach of fiduciary duty
79. Shelf Prospectus means a prospectus issued by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Any financial institution of bank
80. The most clause in the memorandum of Association of a company is‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Objects clause
81. The alteration of the memorandum has to be certified by the Registrar within
Correct : A. 30 days
82. The charter of a company is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. Memorandum of Association
83. Notice of the registered office of the company shall be given to the registration of companies
within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. 30 days
84. An act which is to be ultra virus a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : A. Void
85. The statement in lieu of prospectus must be filed with the Registrar at least ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days before
any allotment of shares is made.
Correct : D. 3
86. Legal position of a promoter of a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. In a judiciary capacity
87. The common seal of the company should have
Correct : D. All of the above.
88. RBI is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company
Correct : B. Statutory
89. Shelf prospects relates under Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : C. 60 A
90. The doctrine of indoor management provides protection to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : A. The outsider
91. The exception to the doctrine of constructive notice is provided in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : B. Doctrine of indoor management
92. The procedure to write facts about resolution and its decision is called
Correct : C. Minutes of narration
93. For declaration of dividend no ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ resolution is required
Correct : B. Special
94. Minutes of company meeting should e prepared with in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the meeting
Correct : B. 30 days
95. Voting in a company meeting can be through
Correct : D. All of these.
96. An official liquidator is appointed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : A. Central government
97. In the event of company being wound up the Tribunal shall prepare list of contributories into ‐‐‐‐‐‐‐‐
‐‐‐‐‐‐‐
Correct : C. List A and B
98. Official liquidators are appointed from the panel of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Correct : D. All of the above
99. As per Sec. 439 who can file a petition to the Tribunal for winding up?