Deck 2: Corporate Governance and Company Law

Question 1

_________ Order to call a EGM even though 1 member present in person or by proxy.

A)roc
B)c.g
C)nclt
D)d.c.a

Answer 1

c.g

Question 2

The time period for conduction of AGM is extended by ROC for how many months

A)1
B)2
C)3
D)4

Answer 2

3

Question 3

Maximum rate of discount that can be allowed on issue of shares

A)5%
B)10%
C)15%
D)20%

Answer 3

10%

Question 4

Liability under_____ sec. may be imposed only if it is proved that the companies business has been carried on with a view to defraud the creditors

A)540
B)541
C)542
D)543

Question 5

The time gap between two AGM's shall not exceed.

A)15 months
B)18 months
C)16 months
D)none of these

Question 6

Age limit of Directors in case of private company is ___________

A)65
B)70
C)75
D)no limit

Question 7

Debentures payable to a holder of certificate is called_____

A)bearer
B)unregistered
C)secured
D)both ((a) & ((b)

Question 8

Minimum paid up share capital in case of a public company is _____

A)1 lakh
B)3 lakhs
C)5 lakhs
D)7 lakhs

Question 9

The company must deliver share certificate within______ if the shares applied for transfer.

A)3 months
B)2 months
C)5 months
D)none of these

Question 10

The lending of funds ultra vires, the company has no rights

A)under the company's act
B)contract act
C)under equity
D)none of the above

Question 11

Share warrants can be issued with the prior approval of the____

A)company law board
B)dept of company affairs
C)registrar
D)none

Question 12

Minimum no. of Directors in case of a public company is ___

A)1
B)2
C)3
D)4

Question 13

Which of the following is not a member of a company?

A)partnership firm
B)foreigner
C)government
D)huf

Question 14

Debentures payable to person whose name appears both on Debenture Certificate and company's register is called

A)bearer
B)unregistered
C)registered
D)none of the above

Question 15

___ is issued in acknowledgement of any indebtedness

A)debenture certificate
B)share certificate
C)share warrant
D)none of the above

Question 16

In case of Non -Profit making Companies notice of general meeting should be given with in _____ days

A)14
B)15
C)21
D)22

Question 17

Change in objects clauses can be effected

A)for any reason
B)for special reason only
C)to comply with c.g order
D)none of the above

Question 18

Which of the following is a right of the members of a company_____

A)right to have share
B)right appoint auditor
C)right appoint director
D)all the above

Question 19

Which of the following can issue the share warrant

A)public
B)private
C)both (a) & (b)
D)none of the above

Question 20

In case of continuing default to convene the AGM fine is Rs.___________ for every day.

A)250
B)300
C)350
D)400

Question 21

Transfer of shares in the case of public company is

A)prohibited
B)restricted
C)freely transferable
D)none of these

Question 22

In the given below who are required to hold A.G.M___________

A)public company
B)private company
C)government company
D)all the three

Question 23

U/s 274 (f) (g) directors are disqualified for how many________ years.

A)1
B)3
C)5
D)7

Question 24

Where the registrar strikes off the register the name of a company as a defunct one, the court has the power to order restoration of name with in:

A)5 years
B)7 years
C)10 years
D)20 years

Question 25

A share warrant is transferable by ____________

A)by execution of transfer deed
B)by delivery
C)both (a) and (b)
D)none of the above