Question 1

__________ is a document showing title

Accepted Answer

Both a share certificate and a share warrant are documents that show the title of ownership. A share certificate is a document that certifies the ownership of shares in a company, while a share warrant is a document issued by the company that entitles the holder to shares. Both are evidence of ownership or title.

Question 2

A share certificate is required to be signed by ___________.

Accepted Answer

D

Question 3

Which of the following can issue the share warrant

Accepted Answer

A

Question 4

_________ are attached to the share warrant

Accepted Answer

Dividend coupons are attached to the share warrant, allowing the holder to claim dividends.

Question 5

C.G. approval is necessary in case of issue of __________

Accepted Answer

C.G. (Central Government) approval is necessary for the issue of a share warrant, as it is a negotiable instrument and involves more regulatory scrutiny compared to a share certificate.

Question 6

In case of __________ duplicate can be obtained if it lost

Accepted Answer

A duplicate share certificate can be issued if the original is lost, subject to the fulfillment of certain conditions laid down by the issuing company. Share warrants and dividend coupons, on the other hand, typically do not have such provisions for duplicates.

Question 7

Duplicate certificate obtained if original certificate lost in case of.

Accepted Answer

Duplicate certificates can be issued for lost share certificates, subject to certain conditions and procedures being followed, such as providing evidence of loss and possibly indemnity against any loss arising from the issuance of the duplicate certificate. Share warrants and dividend warrants do not typically have this provision.

Question 8

Transfer deed should in Form No.

Accepted Answer

The answer of Transfer deed should in Form No.
...

Question 9

_________ is voluntary passage of the rights and duties of member from a share holder.

Accepted Answer

Transfer of shares is a voluntary act by a shareholder, involving the handing over of rights and duties from one member to another. Transmission, on the other hand, occurs by operation of law, such as in the case of death, bankruptcy, or inheritance, and is not voluntary.

Question 10

The person who transfer his rights and duties is called __________

Accepted Answer

The person who transfers his rights and duties is called a Transferor.

Question 11

_______ is an instrument of transfer signed by the transferor in which the name & date are not filled.

Accepted Answer

A blank transfer is an instrument of transfer signed by the transferor where specific details such as the name of the transferee and the date are not filled in at the time of signing. This allows the transferor to pass on the document to the transferee, who can then fill in the details.

Question 12

_______ transfer is null and void

Accepted Answer

A forged transfer is considered null and void because it involves the illegal alteration or creation of a document with the intent to deceive.

Question 13

If the ownership of shares goes to another by operation of law is called as _______

Accepted Answer

Transmission refers to the process where the ownership of shares is transferred due to the operation of law, such as in the event of the shareholder's death, insolvency, or inheritance.

Question 14

Transfer is effected by _______

Accepted Answer

The answer of Transfer is effected by _______
...

Question 15

Transmission is effected by ______

Accepted Answer

Transmission of shares or interests occurs upon the death or insolvency of a member, not by sale. Sale involves a transfer, which is a different process.

Question 16

In which of the following stamp duty & consideration not necessary ________

Accepted Answer

Transmission of property does not require consideration or stamp duty as it typically occurs due to operation of law, such as inheritance or succession, rather than a transaction between parties.

Question 17

A share warrant is transferable by _________

Accepted Answer

A share warrant is transferable by delivery, making it a more straightforward process compared to shares, which often require the execution of a transfer deed. Share warrants, being bearer documents, allow the transfer of ownership through mere delivery from one person to another.

Question 18

Company to accept calls in advance from shareholders they should have permission in

Accepted Answer

The Articles of Association (AOA) of a company outline the rules and regulations governing the internal management of the company, including the process for accepting calls in advance from shareholders.

Question 19

Forfeiture can be made only if it is authorized by ________

Accepted Answer

The answer of Forfeiture can be made only if it...

Question 20

Name of the member is struck off from the register in case of ________

Accepted Answer

The answer of Name of the member is struck off...

Quiz 5: Title Documents, Share Certificates, and Transfers