Indian Companies Act MCQ question and answer

21

The Central Government has been empowered to conduct investigation into the affairs of the company under section 210 of the Companies Act 2013
(1) On the report of Registrar of Companies
(2) In public interest
(3) On passing of the special resolution
(4) On order of the court or tribunal
Select the correct answer:

A) (1) and (2) only B) (3) and (4) only C) (2) and (3) only D) All (1), (2), (3) and (4)

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Answer & Solution

Answer: Option D

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22

In what way the doctrine of ultra vires is applied to the companies?

A) The activities should be confined within the objects as specified in the Memorandum of Association B) The members are not allowed to file a suit on behalf of the company C) Employees of the company must work during the office hours D) A contract in which directors commit breach of fiduciary duty

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Answer & Solution

Answer: Option A

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23

Which of the following is true about an incorporated company?

A) Its life depends on the life of its members B) Its nationality depends on the nationality of its shareholders C) Audit is not compulsory of its account D) As such it never dies

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Answer & Solution

Answer: Option D

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24

In which of the following cases, the doctrine of Indoor Management was laid down?

A) Solomon v. Solomon & Co. Ltd. B) Ashbury Railway Carriage and Iron Co. Ltd. v. Riche C) Foss v. Harbottle D) Royal British Bank v. Turquand

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Answer & Solution

Answer: Option D

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25

It deals with the Internal Management and Affairs of company:

A) Prospectus B) Article of Association C) Memorandum of Association D) Debenture

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Answer & Solution

Answer: Option B

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26

The provision of Companies Act, 2013 relating to application to Tribunal for prevention of oppression and mismanagement is contained in

A) Section 241 B) Section 349 C) Section 361 D) Section 344

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Answer & Solution

Answer: Option A

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27

For dissolution of a company, the Tribunal shall pass order

A) Immediately after winding-up order B) When affairs of the company are completely wound up C) At the instance of the Central Government D) At the instance of the Company Law Board

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Answer & Solution

Answer: Option B

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28

According to section 2(45) of the Companies Act (as amended in 1974), a Company Secretary must possess the qualifications prescribed from time to time by the

A) Company Law Board B) Central Government C) Registrar of Companies D) Parliament

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Answer & Solution

Answer: Option C

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29

An application for prevention of oppression and mismanagement in a company should be made to the

A) High Court B) Central Government C) National Company Law Tribunal D) Registrar of Companies

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Answer & Solution

Answer: Option C

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30

"Company is a separate legal entity." It was laid down in

A) Royal British Bank v. Turqund case B) Solomon and Solomon Co. case C) Dr. Laxmanswami Mudalior v. LIC case D) State Trading Corporation v. CTO case

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Answer & Solution

Answer: Option B

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Indian Companies Act MCQ question and answer | Law MCQ question