Deck 8: Common Company Law in India

Question 1

On a winding up order being made, the co9mpany's property comes under the custody of ------------

A)Central Government
B)Tribunal
C)Share holders
D)Liquidator

Answer 1

Liquidator

Question 2

A proxy can vote only in case of ------------------

A)Vote
B)Poll
C)Election
D)None of these.

Answer 2

Poll

Question 3

Where a directors acts dishonestly to the interest of the company. He will be held liable for ---------- ------

A)Negligence
B)Malafide acts
C)Ultra virus acts
D)Breach of fiduciary duty

Answer 3

Breach of fiduciary duty

Question 4

Shelf Prospectus means a prospectus issued by ---------------------

A)Any trading company
B)Any industrial company
C)Any financial institution of bank
D)None of the above.

Question 5

The most clause in the memorandum of Association of a company is---------------

A)Name clause
B)Objects clause
C)Registered Office Clause.
D)Liability clause

Question 6

The alteration of the memorandum has to be certified by the Registrar within

A)30 days
B)15 days
C)45 days
D)60 days

Question 7

The charter of a company is its ----------------

A)Articles of Association
B)Prospectus
C)Memorandum of Association
D)Certificate of incorporation

Question 8

Notice of the registered office of the company shall be given to the registration of companies within ------------------------

A)45 days
B)30 days
C)15 days
D)60 days

Question 9

An act which is to be ultra virus a company is ----------------

A)Void
B)Valid
C)Both A and B
D)None of these.

Question 10

The statement in lieu of prospectus must be filed with the Registrar at least --------------- days before any allotment of shares is made.

A)15
B)30
C)6
D)3

Question 11

Legal position of a promoter of a company is ----------------

A)That of an agent
B)That of a Trustee
C)In a judiciary capacity
D)That of a solicitor

Question 12

The common seal of the company should have

A)The company's name
B)The word Corporate seal
C)The Place of the company
D)All of the above.

Question 13

Shelf prospects relates under Sec. ---------------

A)16 A
B)14 A
C)60 A
D)40 A

Question 14

The doctrine of indoor management provides protection to ----------------

A)The outsider
B)The Board of Directors
C)The Share holders
D)The managing directors

Question 15

The exception to the doctrine of constructive notice is provided in ------------------

A)Lifting the corporate veil
B)Doctrine of indoor management
C)Doctrine of ultra virus
D)None of these

Question 16

The procedure to write facts about resolution and its decision is called

A)Quorum
B)Notice
C)Minutes of narration
D)None of the above

Question 17

For declaration of dividend no -------------------- resolution is required

A)Ordinary
B)Special
C)Simple
D)None of the above

Question 18

Minutes of company meeting should e prepared with in ---------------- of the meeting

A)21 days
B)30 days
C)40 days
D)45 days

Question 19

Voting in a company meeting can be through

A)Ballot
B)Raising hands
C)Raising votes
D)All of these.

Question 20

An official liquidator is appointed by the -------------

A)Central government
B)By Court
C)State Government
D)Company

Question 21

Official liquidators are appointed from the panel of -----------------

A)Professional firm of Chartered Accountant
B)Advocate
C)Company Secretaries
D)All of the above

Question 22

As per Sec. 439 who can file a petition to the Tribunal for winding up?

A)The Registrar
B)Company
C)Contributory
D)Any one of these.