Indian Companies Act MCQ question and answer

1.
Which among the following is regarded as the most important document of a company?

A. Annual Report

B. Prospectus

C. Articles of Association

D. Memorandum of Association

Answer & Solution Discuss in Board Save for Later

2.
When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:

A. Participating preference shares

B. Cumulative preference shares

C. Non-cumulative preference shares

D. Non-Participating preference shares

Answer & Solution Discuss in Board Save for Later

3.
Under the Companies Act every person subscribing to the Memorandum of a company must take at least

A. 100 shares

B. 20 shares

C. 10 shares

D. 1 share

Answer & Solution Discuss in Board Save for Later

4.
What do you mean by pursuit?

A. Authorising the destruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

B. Authorising the dissolution of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

C. Authorising the formation of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

D. Authorising the reconstruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

Answer & Solution Discuss in Board Save for Later

5.
A public company can borrow money

A. After one year of incorporation

B. After obtaining certificate of commencement of business

C. Before incorporation

D. Soon after incorporation

Answer & Solution Discuss in Board Save for Later

Indian Companies Act MCQ question and answer | Law MCQ question

1. Which among the following is regarded as the most important document of a company?

Answer & Solution

2. When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:

Answer & Solution

3. Under the Companies Act every person subscribing to the Memorandum of a company must take at least

Answer & Solution

4. What do you mean by pursuit?

Answer & Solution

5. A public company can borrow money

Answer & Solution

Read More Section(Indian Companies Act)

1.
Which among the following is regarded as the most important document of a company?

2.
When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:

3.
Under the Companies Act every person subscribing to the Memorandum of a company must take at least

4.
What do you mean by pursuit?

5.
A public company can borrow money