MCQ Corporate Regulations and Administration
MCQ Corporate Regulations and Administration
19. If the company failed to refund application money within 130 days from the date of issue of
prospectus on no receipt of minimum subscription who will be personally liable.
a) Company b) Directors c) Shareholders d) None of these
23. Generally rights and obligations of the Partnership firm are regulated in
a) A.O.A b) M.O.A c) Partnership deed. d) None of these
25. Which companies are exempted to add “Ltd” or “Pvt Ltd” at the end of their name?
a) Private b) Govt c) Defunct d) Association not for profits
26. Under which sec. a private company can converted into public company
a) 12 b) 14 c) 18 d) 22
31. According to which sec. name of the company should end with “Ltd” or “Pvt Ltd”
a) 5 b) 10 c) 8 d) 4
32. The companies which are formed under special charter granted by the king or queen of England
are called
a) Statutory companies b) Registered companies c) Chartered companies d) None of these
33. The companies which are formed under special Act. Those companies are called as
a) Chartered companies b) Statutory companies c) Registered companies d) None of these
34. If the guarantee Co. having no share capital the liability of shareholders will be
a) To the extent of guarantee b) Unpaid value of shares
c) Unlimited d) None of the above
35. If the guarantee Co. having share capital the liability of shareholders will be
a) Guarantee +unpaid value of shares b) Unpaid value of shares
c) Unlimited d) None of the above
41. How many members should sign the MOA in case of public company?
a) 1 b) 3 c) 5 d) 7
42. How many members should sign the MOA in case of private company?
a) 1 b) 2 c) 3 d) 4
43. is the conclusive evidence in case of company that statutory requirements have complied
with
a) Certificate of Incorporation b) Certificate of commencement of Business
c) Both d) None of the above
44. Private company can start its business immediately after the issue of
a) Certificate of commencement of Business b) Certificate of Incorporation
c) Both d) None of the above
45. The doctrine of indoor management is an _to the doctrine of constructive notice
a) Exception b) Extension c) Alternative d) None of the above
46. A company can change its name at its own discretion by passing
a) Ordinary resolution b) Special resolution c) Boards resolution d ) None of the above
47. If a new company get registered with a name which resembles the name of existing company
then it should apply to whom?
a) NCLT b) SEBI c) ROC d) None of the above
(A) prospectus.
(B) Articles of Association.
(C) Certificate of incorporation.
(D) Memorandum of Association.
49. In case of forgeries acts done in the name of the company are
a) Valid b) Void c) Void ab initio d) None of the above
50. Signature of memorandum and articles should be done by number of persons in case of
public company
a) 7 b) 5 c) 4 d) None of these
51. In the MOA there are 6 classes. We can alter all clauses expect one clause. What is that clause?
a) Objects clause b) Name clause c) Association clause d) None of these
52. If any body wants to file a case against the company they should file at what place
a) Company b) Registered Office c) BOD d) Books of accounts
54. Memorandum of association of a company limited by guarantee and having share capital is specified
in:
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a) Table A b) Table B
c) Table C d) Table D
59. The granting of the certificate of incorporation renders the illegal objects include in the
memorandum:
a) Legal b) Void c) Voidable d) None of the above
71. A company cannot pay under writing commission unless it is authorized by its
a) Articles b) Memorandum c) Both a) & b) d) None of the
above
74. When the shares are transferred to X from Y. Y will be a of the X company
a) Member b) Shareholder c) Partner d) None of these
77. In the event of appointing a proxy joint holders shall sign the proxy form
a) Singularly b) Jointly c) None of the above d) both (a) & (b)
80. The capital which is part of the uncalled capital of the company which can be called up
only in the event of its winding up it is called
a) Issued capital b) Nominal capital c) Authorised Capital d) Reserve
capital
88. Memorandum of association of a company limited by guarantee and not having share capital is
specified in:
a) Table A b) Table B
c) Table C d) Table D
89. are the shares issued by the company to it employees or directors for consideration
other than cash
a) Bonus b) Sweat c) Right d) None of the
above
90. is an aggregate of fully paid share that have been legally consolidated.
a) Share b) Stock c) Both a) & b) d) None of the
above
92. Court order the company to add after reducing its share capital
a) And reduced b) Ltd c) Both a) or b) d) None of the
above
93. For reducing its share capital it should give notice to whom?
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a) Debtors b) Creditors c) Both a) & b) d) None of the
above
94. Which of the following can be used for buy back of shares
a) Free reserves b) Securities
premium c) Proceeds of fresh issue of shares d)
All of the above
96. If buy back is made from free resources then what should be created
a) Debenture Redemption Reserve b) Capital Redemption
Reserve c) Statutory liquid Ratio. d) None of the above
98. Share warrants can be issued with the prior approval of the
a) Company law board b) Dept of company affairs c) Registrar d) None
99. Stamp duty to be paid at the time of issue of share certificate is.
a) Nominal b) High c) Very high d) None of these
100. is a document showing title
a) Share certificate b) Share warrant c) Both (a) & (b) d) None of the
above
103. Company to accept calls in advance from shareholders they should have permission in
a) MOA b) AOA c) BOD d) None of these
106. is voluntary passage of the rights and duties of member from a shareholder.
a) Transfer b) Transmission c) Both (a) & (b) d) None of the
above
107. is an instrument of transfer signed by the transferor in which the name & date
are not filled.
a) Forged transfer b) Blank transfer c) Both (a) & (b) d) None of the
above
112. In which of the following stamp duty & consideration not necessary
a) Transfer b) Transmission c) Both (a) & (b) d) None of the
above
124. 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
125. Debentures which have the charge on the property of the company is
a) Secured b) Unsecured c) Registered d) None of the
above
126. Debenture which are repayable only on the happening of an event of winding up is called
a) Redeemable b) Irredeemable c) Perpetual d) Both (b) & (c)
127. For the purpose of debt equity ratio Fully Convertible Debentures are classified as
a) Debt b) Equity c) Both (a) & (b) d) None of the
above
134. Unsecured debentures does not require any registration because it is not secured by
a) Fixed b) Floating charge c) Both (a) & (b) d) None of the
above
54. Memorandum of association of a unlimited company and not having share capital is specified
in:
a) Table A b) Table D
c) Table C d) Table B
137. The model articles of association for company limited by shares are specified in:
a) Table F b) Table G c) Table H d) Table I
138. The model articles of association for company limited by guarantee and having share capital
are specified in:
a) Table F b) Table G c) Table H d) Table I
140. In case of Public Company (if total members are not more than 1000) the quorum should be
a) 5 members b) 7 members c) 2 members d) None of these
144. meeting given an opportunity to the member to know discuss on promotion &
formation of the company.
a) General b) EGM c) Statutory d) None of the above
148. Who should certify that company allotted the shares and cash received in respect there of
a) Auditor b) Director c) Share holder d) Members
150. Which of the following company can held the AGM on public holiday
a) Public company b) Private company
c) Govt company d) Association not for profits
161. In which one or more of the following company a member does not have a right to
appoint proxy:
a) Public company having share capital b) Public company not having share
capital
c) Private company not having a share capital d) None of the above
164. Borrowings which are are beyond the powers of the company is
A. ultra-vires
borrowings B. intra-
vires borrowings C.
unapproved borrowings
D. unauthorized borrowings
169. Which of the following reserve must be created for redemption of debentures?
A. Debenture redemption reserve
B. general reserve
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C. capital redemption reserve
D. dividend equalisation fund
170. Which of the following companies must file a statement in lieu of prospectus?
A. A private limited company .
B. A cooperative society .
C. A company that has issued a prospectus .
D. A public company that has not issued a prospectus .
177. Which of the following is beyond the powers of the board of directors ?
A. To issue debentures .
B. To make loans .
C. To remit the payment of any debt due by a director .
D. to issue prospectus.
180. After re-issue of forfeited shares the balance of forfeited share account is transferred to .
A. general reserve.
B. profit & loss a/c.
C. capital reserve.
D. none of these.
181. A person liable to contribute towards the assets of the company on the event of its being
wound up is a …………
A. liquidator
B. solicitor
C. contributory
D. tribunal
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182. On a winding up order being made in respect of a company, the official Liquidator
shall, become the ………….. of the company.
A. liquidator
B. solicitor
C. contributory
D. tribunal
183. A voluntary winding up shall be deemed to commence on the date of passing the
resolution for voluntary winding up under section------
(a)301
(b)302
(c)303
(d)304
184. Quorum for the Board of Directors meeting should be:
(a)1/3 or three whichever is higher
(b) 1/2 or three whichever is higher
(c) 1/2 or two whichever is higher
(d) 1/3 or two whichever is higher
185. A company may be wound up by the Tribunal by passing ……………………
Resolution.
(a)special
(b)extra ordinary
(c)ordinary
(d)none of these
186. A company has to submit a statement of affairs to the Official Liquidator within ……
days of the appointment of the official liquidator.
(a)10
(b)30
(c)21
(d)50
187. In a members voluntary winding up the notice of the resolution for winding up shall be
filed with the registrar within ………….. days of passing of the resolution.
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(a)8
(b)10
(c)21
(d)30
188. Remuneration of the auditor is fixed by:
(a) General meeting
(b) Board of directors
(c) CMD
(d) Central Government
189. In windig up of companies by Tribunal, an official liquidator is appointed by the
…………..
(a) manager
(b) central government
(c) board of directors
(d)c court
190. A voluntary winding up is deemed to commence from the date on which …. . .
(a) Appointed liquidator
(b)a court of order
(c) resolution is passed
(d) Published resolution
191. Every company shall hold the first meeting of the Board of Directors within ---- days of
the date of incorporation.
(a) 30
(b) 60
(c) 90
(d) 120
192. The buyback of shares is --------per cent or less of the aggregate of paid up capital and
free reserves of the company.
(a) 20
(b) 25
(c) 30
20
(d) 50
193. On dissolution the name of the company is struck off from the …… of the company.
(a)schedule
(b)charter
(c)register
(d)none
194. The Cadbury Committee suggests that the non- executive directors can play a crucial
role in
(a)meetings
(b)management
(c)decision-making
(d)corporate governance
195. SEBI’s code of Corporate Governance provides from the constitution of shareholders
committee under the chairmanship of ……………….. .
(a) board of Directors
(b) director
(c) non executive director
(d) manager
196. Mandatory requirements of the revised clause 49 of the listing agreement, requires that
non- executive directors in the Board of Directors are not less than …………….. of the
Board of Directors.
(a)25%
(b)36%
(c)50%
(d)75%
197. Which of the following are known as Board Committees
(a) Audit Committee
(b)Remuneration Committee
(c)nomination committee
(d)all of these.
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198. The company agrees that the remuneration of non- executive directors shall be decided
by
(a) board of Directors
(b) director
(c) non-executive director
(d) manager
199. ………….carries out the winding up proceedings.
(a)liquidator
(b)solicitor
(c)contributory
(d)tribunal
200. The order of dissolution can be issued only by the …………
(a) liquidator
(b) Solicitor
(c) contributory
(d) Tribunal
ANSWER KEY
Qn. No Answer Qn. No Answer Qn. No Answer Qn. No Answer
1 A 51 C 101 A 151 A
2 A 52 B 102 A 152 B
3 D 53 D 103 B 153 B
4 B 54 C 104 A 154 A
5 D 55 B 105 C 155 B
6 B 56 A 106 A 156 B
7 A 57 A 107 B 157 C
8 D 58 A 108 A 158 A
9 A 59 B 109 B 159 B
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10 A 60 B 110 A 160 C
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11 C 61 A 111 D 161 B
12 B 62 B 112 B 162 A
13 A 63 B 113 B 163 D
14 A 64 D 114 A 164 A
15 D 65 D 115 B 165 C
16 B 66 D 116 B 166 B
17 B 67 A 117 A 167 C
18 A 68 B 118 B 168 B
19 B 69 C 119 B 169 A
20 B 70 A 120 A 170 D
21 A 71 A 121 A 171 A
22 B 72 C 122 A 172 C
23 C 73 C 123 A 173 A
24 C 74 B 124 C 174 D
25 D 75 D 125 A 175 C
26 B 76 A 126 D 176 D
27 B 77 B 127 B 177 C
28 B 78 A 128 A 178 B
29 A 79 B 129 A 179 D
30 A 80 D 130 B 180 C
31 D 81 A 131 C 181 C
32 C 82 A 132 B 182 A
33 B 83 B 133 C 183 D
34 A 84 A 134 C 184 D
35 A 85 B 135 B 185 A
36 D 86 A 136 A 186 B
37 B 87 D 137 A 187 B
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38 A 88 B 138 B 188 B
39 A 89 B 139 B 189 D
40 D 90 B 140 A 190 C
41 D 91 A 141 A 191 A
42 B 92 A 142 A 192 B
43 A 93 B 143 D 193 C
44 B 94 D 144 C 194 D
45 A 95 B 145 C 195 C
46 B 96 B 146 D 196 C
47 A 97 A 147 C 197 D
48 D 98 C 148 A 198 A
49 C 99 A 149 A 199 A
50 A 100 C 150 D 200 D