1. At the same time a person cannot hold office of a Director in more than ______
Correct : C. Twenty companies
2. The quorum for the meeting of Board is _______________
Correct : B. One third of its total strength.
3. The time gap between two Annual General Meetings should not exceed______
Correct : C. Fifteen months.
4. Power to set up the Tribunal is vested in ______________
Correct : D. Central Government.
5. Duration of interval between one general meeting and another general meeting
should not be more than ____________
Correct : C. 15 months.
6. Issuance of a share warrant is necessary, so that __________
Correct : A. Shares are fully paid up
7. Which of the following companies must have Articles of Association________
Correct : B. Unlimited Company.
8. Which of the following document brings a company into existence as a legal
person? __________
Correct : B. Certificate of Incorporation.
9. The Prospectus must be issued within___________
Correct : A. 90days of its registration
10. Who of the following is the most important functionary of
a company?__________
Correct : C. Managing Director.
11. Every company making an allotment of shares or debentures is obliged to the
allottee a certificate of shares within____________
Correct : D. Three months of the allotment of shares.
12. Company can close the Register after publishing a notice in a local daily? ____
Correct : A. Seven days before the Register is closed.
13. In one particular year, the company can close the Register for a period of, ____
Correct : D. Thirty days at any one time
14. The public trustee may attend the meeting of the company_______
Correct : C. Both a and b.
15. Annual Returns are required to be filed within___________
Correct : B. Within 60 days from the date of the Annual General Meeting
16. No company limited by shares shall issue any preference share which is
redeemable or irredeemable after the expiry of a period of____________
Correct : D. Ten years from the date of issue
17. “Directors are trustees of the company and not of individual shareholders”.
This principle was laid down in_____________
Correct : A. Perceival v/s. Wright
18. Which of the following sections, allows alteration of objects clause within
certain defined limits______________
Correct : A. Section 15
19. Who of the following persons brings about the incorporation, and organization
of a company ______________
Correct : B. A promoter
20. Which of the following is not the way of acquiring a membership of the a
company under the Companies Act, 1956___________
Correct : C. By appointment.
21. From below, point out which of the following is not a requirement or condition needs to be complied with to make allotment of shares effective__________