1. The capital with which the company is registered is called the ______
Correct : B. Nominal capital
2. The procedure for change of registered office from one city to another within the same state is
by passing ______
Correct : A. Special resolution only
3. _______ document contains the rules, regulations and bye-laws for the internal management of
the company.
Correct : B. Article of association
4. ________ is subordinate to and controlled by the memorandum of association.
Correct : C. Articles of Association
5. ______ lays down the objects and powers of the company.
Correct : A. Memorandum of Association
6. _______ lays down the modes in which the objects of the company are to be carried out by the
members.
Correct : D. Articles of Association
7. Articles of Association adopt the rules and regulations contained in _______ of schedule 1 of
the Companies Act.
Correct : C. Table A
8. The forms of articles of association are given in tables ______ is schedule 1 of the Companies
Act 1956
Correct : A. A, C, D & E
9. The forms of memorandum of association are given in tables _______ in schedule 1 of the
companies Act 1956.
Correct : B. B, C, D & E
10. The doctrine of indoor Management has its origin in
Correct : C. Royal British Bank V Turquand
11. Offers may be invited from the public by issuing a document known as _____
Correct : A. Prospectu
12. Articles of Association are not required to be registered in case of ____
Correct : D. A private company limited by shares.
13. Doctrine of constructive notice means _____
Correct : B. Notice to outside dealing with the registrar as to contents of memorandum and articles.
14. A _______may be defined as a person having control over the affairs, conduct and
management of a company.
Correct : B. Director
15. ____________ is the Supreme policy framing and decision making organ of a company.
Correct : A. Board of director
16. According to Sec. 225, the Directors should be appointed in the ________-
Correct : B. General Meeting
17. The office of a director becomes vacant if he fails to obtain his qualification shares within
_____
Correct : C. 2 months
18. A elected director can be terminated by the
Correct : D. Central Government
19. __________ vacancy is caused by resignation, death, insolvency or insanity.
Correct : A. Casual
20. The maximum remuneration paid to a manager cannot exceed _________ percent of the
annual net profit.
Correct : B. 5%
21. The managing directors hold the _______ shares of the company.
Correct : C. Qualification
22. Directors are _________ of the Powers conferred on then and they must exercise those powers
bonafide and for the benefit of the company.
Correct : A. Trustee
23. _________ member of directors need to retire every year
Correct : D. 1/3
24. The directors may be held _______ liable on their failure to fulfill the formalities imposed
upon them by the Act.
Correct : B. Criminal
25. A person cannot hold directorship of more than _______ companies at a time.
Correct : A. 15
26. __________ is the executive authority of the company.
Correct : C. Board of Directors
27. 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.
28. 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
29. Minimum number of directors in public company is ______
Correct : A. 3
30. Minimum number of directors in private company is _________
Correct : B. 2
31. __________ is a group of people who are acting on behalf of the Company.
Correct : C. Board of directors
32. A Managing Director can be appointed for a maximum period of ___________
Correct : D. 5 years
33. __________ can be imposed on directors for non compliance of requirements of companies
Act.
Correct : B. Fine
34. When a director voluntarily remains absent from the three consecutive meetings of the Board
of Directors, and
Correct : C. his office falls vacant
35. At one time the appointment of sole selling agent can be made for a period of ______
Correct : C. five year
36. The term whole time director is defined in Sec.__________ of the Companies Act 1956
Correct : B. 2 (24)
37. The appointment of every director is to be made by an _______at the general meeting.
Correct : A. Ordinary resolution
38. _________ director act during the absence of the original director.
Correct : C. Alternate director
39. _________ is the first general meeting of the shareholders of a public company.
Correct : D. Statutory meeting
40. Statutory meeting must be held with in a period of _____
Correct : C. not less one month & not more than 6 month which the company is entitled to start it business.
41. The first annual general meeting of the company must be held within ________
Correct : D. 18 months of incorporation.
42. _________called for dealing with some urgent special business which cannot be postponed till
the next annual general meeting.
Correct : A. Extra ordinary general meeting
43. ________ is the minimum number of members that should be present at the meeting as per the
Articles of the company before any business can be validly transacted.
Correct : B. Quorum
44. For the proper conduct of business in a meeting a _________ is necessary
Correct : C. Chairman
45. ___________ is the official records of the meeting of the company.
Correct : D. Minutes
46. The Chairman of a company has _________ votes
Correct : C. 2
47. __________ means the list of business or thing to be done at the meeting
Correct : D. Agenda
48. _________ refers to the instrument by which a person is appointed to act for another at a
meeting of the company.
Correct : A. Proxy
49. Decisions of a company are made by _______ of its members passed at meeting of members.
Correct : B. resolution
50. _______ is the resolution which is passed at validly called general meeting, by simple majority
of the members.
Correct : C. Ordinary resolution
51. ________ is the resolution which is passed , at valid called general meeting, by special
majority of the meeting.
Correct : B. Special resolution
52. Special resolution is passed by majority f _______ of the members voting by show of hands or
on poll either in person or by proxy.
Correct : D. 3/4
53. _________ is a proposal put before a meeting.
Correct : A. Motion
54. __________ is a decision on the proposal
Correct : D. Resolution
55. Winding up by the order of Tribunal is ____________
Correct : B. Compulsory winding up
56. Winding up by special resolution passed by the company is _______
Correct : C. Voluntary winding up
57. 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
58. The company is dissolved when the Tribunal passes an order of dissolution and the Tribunal
shall pass such order _________
Correct : A. When the affairs of the company have been completely wound up
59. 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
60. 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
61. _______ is the first state in which assists realised liabilities are paid off and surplus is
distributed.
Correct : B. Winding up
62. The order of dissolution can be issued only by the company.
Correct : A. Tribunal
63. In members voluntary winding up control of winding up in the hands of the ________
Correct : C. Company
64. __________ is a process or set of systems and processes to ensure that a company is managed
to suit the best interests of all those who are interested in the well being of the company.
Correct : C. Corporate Governance
65. OECD stands for _______
Correct : D. Organizations for Export Co-operation and Development
66. The Whistle Blower policy was recommended by _______-
Correct : D. N.R, Narayana Moorthy
67. Which of the following reports included clauses 49 in the listing agreement
Correct : B. Kumaramangalam Birla Report
68. _________ committee suggests that the non-executive directors can play a crucial role in
corporate Governance.`
Correct : A. Cadbery
69. An Audit committee may include______
Correct : D. All of the above
70. Audit committee shall meet at least ______ times in a year.
Correct : C. 4
71. ________ are the true owners of the company
Correct : D. Shareholders
72. Audit committee shall act in accordance with the terms of reference to be specified by
_________
Correct : A. Statutory Auditor
73. ___________ auditors of the company are appointed by the share holders in Annual General
Meeting.
Correct : B. Statutory
74. IPOS stands for _______
Correct : C. Initial public offer
75. The audit committee should meet at least _______ in a year
Correct : A. 4
76. The code on corporate Governance published in the year ______
Correct : C. 2008
77. Which one of the following documents is submitted by the Board of Directors at every AGM
____
Correct : C. Both a and b
78. The time gab between two Annual General Meeting should not exceed ________
Correct : D. 15 months
79. Extra ordinary meeting is a meeting of the ________
Correct : B. Share holders
80. Mention one right that the proxy enjoys during a meeting?
Correct : C. Right to vote
81. The minutes of the company in case of a Board Meeting shall be signed by _______
Correct : B. Chairman
82. The winding up in which a solvency declaration is not made is known as ______-
Correct : A. Creditors voluntary winding up
83. 4 meeting may be adjourned by _______ circumstances
Correct : B. Lack of information
84. The listing Agreement was first introduced in India is _______
Correct : D. Bombay
85. Expand CEO
Correct : B. Chief Executive Officer
86. Converting the physical shares into electronic shares is called ______
Correct : A. Dematerialisation
87. The company agrees that the remuneration of non-executive directors shall be decided by
_______
Correct : C. Board of Directors
88. On a winding up order being made, the company's property comes under the custody of
______
Correct : D. Liquidator
89. A proxy can vote only in case of _______
Correct : B. Poll
90. Where a director acts dishonestly to the interest of the company. He will be held liable for
________
Correct : D. Breach of fiduciary duty
91. Shelf Prospectus means a prospectus issued by ______
Correct : C. Any financial institution or bank
92. The most important clause in the Memorandum of Association of a company is __________
Correct : B. Objects clause
93. The alteration of the memorandum has to be certified by the Registrar within
Correct : A. 30 day
94. The charter of a company is its __________
Correct : C. Memorandum of Association
95. Notice of the registered office of the company shall be given to the Registrar of companies
with in ______
Correct : B. 30 days
96. An act which is to be ultra vires a company is _______
Correct : A. Void
97. 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
98. Legal position of a promoter of a company is _______