1. who among the following has no right to speak at the AGM?
Correct : C. proxy holders.
2. Voting in a company Meeting can be through.
Correct : D. all of these.
3. Which document should be annexed to the notice of the statutory meeting?
Correct : D. both (a) and (b).
4. The first Chairman is generally.
Correct : C. named in the article.
5. East India Company is an example of.
Correct : C. chartered company.
6. Where there is a non-executive chairman, at least …..of board should
comprise of independent directors.
Correct : A. 1/3
7. The Whistle Blower Policy was recommended by…………….
Correct : A. n.r.narayana moorthy
8. Audit Committee shall meet at least ………..times a year
Correct : C. 4
9. A public company is one which has a minimum paid up capital Rs...lakhs.
Correct : B. 5
10. A private company is one which has a minimum paid up capital
Rs…….lakhs.
Correct : A. 1
11. The contracts signed by the promoters of a company continue to be the
liability of ……….
Correct : A. promoters
12. A promoter of a company stands in the position of …….to future allottees
of shares.
Correct : B. fiduciary
13. ……persons shall subscribe to the memorandum of a public company.
Correct : A. 7
14. The altered memorandum must be filed with the registrar within
………….months.
Correct : B. three months
15. An act which is to be ultra vires a company is……………
Correct : C. void
16. A company issues prospectus within………….of its registration.
Correct : C. 60 days
17. The altered memorandum must be filed with the registrar within……….
Correct : B. three months
18. The statement in lieu of prospectus must be filed with the registrar at
least ………before any allotment of shares is made.
Correct : B. three days
19. Notice of the registered office of the company shall be given to the
registrar of companies within…………
Correct : A. 30 days
20. The judgement in the case of Foss Vs Hurbottle lays down the principle of ……
Correct : A. rule of majority
21. All those who are dealing with the company are expected to know the
contents of the memorandum and articles. This doctrine is called……………………..
Correct : B. constructive notice
22. The famous case of Royal British Bank Vs Turquand laid down the rule
of………….
Correct : C. indoor management
23. The new section 60A relates to…………
Correct : D. shelf prospectus
24. The office of the director becomes vacant if he fails to obtain his
qualification shares within …………..months.
Correct : C. 2
25. The management of every company is controlled by ………………..
Correct : C. director
26. As per Sec.274, a person shall not be appointed as director if he is found
to be of unsound mind by………
Correct : B. a court of competent jurisdiction
27. As per Sec 260, the additional directors are entitled to hold office only
upto next ………… meeting
Correct : B. annual general
28. A director who is interested in any transaction of the company is bound to
disclose his interest to………
Correct : D. board of directors
29. Any breach of duty in the conduct of the company’s affairs which causes
loses to the company is called
Correct : A. misfeasance
30. According to sec 297, a director shall not enter into any contract with the
company except with the consent of ……..
Correct : D. board of directors
31. When a director does an act which is in excess of his powers and
company suffers a loss … is liable to make good the loss
Correct : C. director
32. Unless the articles provide for the retirement of all directors at every
annual general meeting, at least ………of the total number of directors retire by rotation.
Correct : B. 2/3
33. The new Sec 60B introduced by the Companies (Amendment)Act 2000 is
related to……..
Correct : D. information memorandum
34. The alteration of the objects of a company must be confirmed by the
Company law……..
Correct : C. tribunal
35. Which of the following statements are true -
Correct : C. every company should have its own articles
36. Doctrine of indoor management is an exception to the principle of …….
Correct : B. constructive notice
37. A company can change its name by passing ……….resolution.
Correct : A. special
38. The Companies (Amendment) Act 1988 provide that the companies should furnish along with the application form for shares or debentures,
an………….instead of complete prospectus.
Correct : C. abridged prospectus
39. ………….means a prospectus issued by any financial institution or bank
for one or more issues of the securities specified in that document.
Correct : A. shelf prospectus
40. ……….. gives only a general idea about securities.
Correct : B. red herring prospectus
41. The main advantage of …………. is that company can save underwriting
expenses.
Correct : D. deemed prospectus
42. Prospectus by implication is also known as….
Correct : D. deemed prospectus
43. Not less than ……. Days notice for a general meeting of a company must
be given.
Correct : C. 21
44. The minimum number of members that must be present at a valid
meeting is called………
Correct : B. quorum
45. A proxy can vote in case of ……….
Correct : A. poll
46. A special resolution is one to pass with the votes cast in favour must be
………..times the votes cast against it.
Correct : B. 3
47. A special resolution must be filed with the registrar for registration within
…….days.
Correct : D. 30
48. To make the liability of directors unlimited a………..resolution is required.
Correct : B. special
49. For declaration of dividend no ……...resolution is required.
Correct : B. special
50. The demand for a poll may be withdrawn before ……….of the poll is declared.
Correct : C. result
51. The minutes of the share holder’s meeting are to be kept at the
……….office of the company and must be open to inspection.
Correct : A. registered
52. The meeting other than statutory and the annual general meeting of the
company is…………
Correct : A. extra ordinary meeting
53. The statutory meeting is required to be held by ………..companies
Correct : B. public
54. ……….is the proper authority to call annual general meeting.
Correct : C. board of directors
55. Which of the following is the feature of a registered company
Correct : D. all of these
56. ………. defines the extent of powers of powers of the company.
Correct : B. memorandum of association
57. Table………….. is for memorandum of association of a company limited by
shares.
Correct : B. c
58. Table…………..is for memorandum of association of a company limited by
guarantee and not having a share capital.
Correct : B. c
59. Table…………..is for memorandum of association of a company limited
by guarantee and having a share capital.
Correct : C. d
60. Table…………..is for memorandum of association of an unlimited company
Correct : D. e
61. The procedure to write facts about a resolution and its decision is
called……………
Correct : C. minutes of narration
62. Which of the following is not true-
Correct : D. directors are always liable for any misstatement in a prospectus.
63. The first directors are usually named in the …………
Correct : A. articles
64. ……………..may appoint additional directors from time to time if so
authorized by articles.
Correct : D. board of directors
65. ……………..is entitled to the management of the whole or substantially the
whole of the affairs of the company.
Correct : A. manager
66. ……….. liability is imposed on the directors if they manipulate or falsify the
accounts of the company.
Correct : B. criminal
67. Meeting cannot transact any business unless a……. is present at every
stage of the meeting
Correct : C. quorum
68. The company shall send a duplicate copy of the contents of Register of
directors to the registrar within …….of the appointment of the directors.
Correct : A. 30 days
69. ………….meeting is the first meeting of the members of the public company
after its incorporation
Correct : D. statutory
70. A person liable to contribute towards the assets of the company on the
event of its being wound up is a …………
Correct : C. contributory
71. On a winding up order being made in respect of a company, the official
Liquidator shall, become the ………….. of the company.
Correct : A. liquidator
72. When a winding up order has been made by the tribunal but there is no
liquidator, the property of the company vests in the ……………….. .
Correct : D. tribunal
73. After obtaining of certificate to commence business a company may be
wound up if it does not commence business within ………………….. .
Correct : D. one year
74. A company may be wound up by the Tribunal by passing ……………………
Resolution.
Correct : A. special
75. A company has to submit a statement of affairs to the Official Liquidator
within …… days of the appointment of the official liquidator.
Correct : B. 14
76. In a members voluntary winding up the notice of the resolution for
winding up shall be filed with the registrar within ………….. days of passing of the resolution.
Correct : B. 14
77. A public company may be wound up by the Tribunal if the number of its
members is reduced below …………
Correct : A. 7
78. An official liquidator is appointed by the …………..
Correct : D. central govt.
79. A voluntary winding up is deemed to commence from the date when the
declaration of solvency is made by the …………………. . .
Correct : C. board of directors
80. List A of contributories contains …………………. members of the company.
Correct : A. existing
81. List B of contributories contains ……………… members of the company.
Correct : B. past
82. On dissolution the name of the company is struck off from the …… of the
company.
Correct : C. register
83. The Cadbury Committee suggests that the non- executive directors can
play a crucial role in
Correct : D. corporate governance
84. SEBI’s code of Corporate Governance provides from the constitution of
share holders committee under the chairmanship of ……………….. .
Correct : C. non executive director
85. Mandatory requirements of the revised clause 49 of the listing agreement,
requires that non- executive directors in the Board of Directors are not less than …………….. of the Board of Directors.
Correct : C. 50%
86. Which of the following are known as Board Committees
Correct : D. all of these.
87. The company agrees that the remuneration of non- executive directors
shall be decided by
Correct : A. board of directors
88. ………….carries out the winding up proceedings.
Correct : A. liquidator
89. The order of dissolution can be issued only by the …………
Correct : D. tribunal
90. A company which has not commenced operation or which is not in
operation or has no assets to dive is called……….company.
Correct : D. defunct
91. The presiding officer and every other member of a securities appellate
tribunal shall hold office for a term of ………. Years from the date on which he enters upon his office.
Correct : B. 5
92. A transfer in which the signature of the transferor is forged is
called…………transfer.
Correct : B. forged
93. …………….transfer whereby the transferor hands over to the buyer the
share certicate and a blank transfer deed.
Correct : A. blank
94. Which of the following is not true-
Correct : C. lic is an example of registered company
95. When a public company has issued prospectus without receiving the
minimum subscription it is called……………
Correct : D. irregular allotment
96. When a large block of shares has been allotted to a single person, the
company may at his request, divide the original allotment letter into a number of small allotment letters. This is called
Correct : A. splitting of allotment
97. Many public companies provide in their articles for an allottee to give up
the right over the shares allotted to him either wholly or partly and transfer the allotment made to him to some other person. This is known as…..
Correct : C. renunciation of allotment
98. The number and nominal amount of shares allotted must be stated in……
Correct : B. return of allotment
99. The return of allotment must be filed with the registrar of companies
within………….. of allotment