31
Which two types of business structures are created via a process of incorporation?
A)
Companies and sole proprietorships
B)
Partnerships and limited liability partnerships
C)
Companies and limited liability partnerships
D)
Companies and partnerships
Answer & Solution
Answer: Option
C
32
How is the net worth of a foreign Company calculated for the purpose of Corporate Social Responsibility
A)
The networth will be calculated as per section 198 of Companies Act, 2013
B)
It shall be calculated as per section 197 of the Companies Act, 2013
C)
It shall be calculated as per section 197 and section 381 of the Companies Act, 2013
D)
It shall be calculated as per section 198 and section 381 of Companies Act, 2013
Answer & Solution
Answer: Option
C
33
The proper authority for convening a General Meeting of a company is the
A)
Chairman of the Board of Directors
B)
Managing Director
C)
Board of Directors
D)
Shareholders
Answer & Solution
Answer: Option
C
34
The first Annual General Meeting of a Company must be held
A)
Within nine months from the date of closing of the first financial year
B)
Within five months from the date of closing of the first financial year
C)
Within four months from the date of closing of the first financial year
D)
Within three months from the date of closing of the first financial year
Answer & Solution
Answer: Option
A
35
With which topic the case of Earlanger v. New Sombero Phosphate Co., is related to the Company Law?
A)
Prospectus
B)
Promoters
C)
Directors
D)
Memorandum
Answer & Solution
Answer: Option
B
36
The Companies Act, 2013 has provided that in listed companies, appointment of independent directors is mandatory and the independent directors will be appointed
A)
From the list provided by the Company Law Board
B)
From the list of persons given by the Ministry of Law and Company Affairs
C)
From the Data Bank maintained for this purpose
D)
From the list of persons nominated by the shareholders of the company
Answer & Solution
Answer: Option
C
37
What is the appellate authority for the order against National Company Law Appellate Tribunal?
A)
District Court
B)
High Court
C)
Supreme Court
D)
Company Board Committee
Answer & Solution
Answer: Option
C
38
According to the new Companies Act, 2013, what is the minimum number of person/s required to form a Private Limited Company?
A)
1
B)
2
C)
3
D)
4
Answer & Solution
Answer: Option
B
39
Which one of the following is incorrect? Any mis-statement made in the Prospectus would attract the liability of the following persons under the Companies Act:
A)
Every person who is a director of the company at the time of the issue of the prospectus
B)
Every person who has authorised himself to be named and is named in the prospectus either as director or as having agreed to become a director either immediately or after an interval of time
C)
Every person who is a promoter of the company
D)
An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus
Answer & Solution
Answer: Option
D
40
No person can hold the office of the director in more than . . . . . .
A)
10 Public companies at a time
B)
15 Public companies at a time
C)
20 Public companies at a time
D)
50 Public companies at a time
Answer & Solution
Answer: Option
A
