61
The capital with which a company is registered is called
A)
Working capital
B)
Subscribed capital
C)
Authorized capital
D)
None of the above
Answer & Solution
Answer: Option
C
62
Which of the following is most essential for a company?
A)
Memorandum of Association
B)
Share Capital
C)
Prospectus
D)
Certificate of Incorporation
Answer & Solution
Answer: Option
D
63
What is the maximum number of partners in Banking business
A)
Eight
B)
Ten
C)
Twelve
D)
Sixteen
Answer & Solution
Answer: Option
B
64
Under the Companies Act, 2013, a private company can borrow funds for its financial needs from
A)
Directors, banks and financial institutions
B)
Directors, shareholders and relatives of directors
C)
Directors
D)
Banks and financial institutions
Answer & Solution
Answer: Option
A
65
Liability of directors of a public company is towards
A)
Shareholder of the company
B)
Public
C)
Government
D)
Company Law Board
Answer & Solution
Answer: Option
A
66
A shareholder of a company can enter into a contract with a company because it is a separate legal entity from its shareholders' was held in
A)
Dalmer Company v. Continental Type Company
B)
Ashbury Railway Carriage and Iron Company v. Rick L. R.
C)
Solomon v. Solomon
D)
S. T. Corporation of India v. Commercial Tax Officer
Answer & Solution
Answer: Option
B
67
Which of the following services cannot be provided to the Company by an auditor appointed under the provisions of the Companies Act, 2013
A)
Internal Audit
B)
Actuarial Services
C)
Managerial Services
D)
All of these
Answer & Solution
Answer: Option
A
68
Which of the following actions can be taken by a Registrar under section 4(5) of the Companies Act, 2013
A)
He can direct the Company to change it's name within a period of 6 months after passing an ordinary resolution
B)
Take action for striking off the name of the Company from the registrar of Companies
C)
Order winding up of the Company on his own accord
D)
All of these
Answer & Solution
Answer: Option
B
69
In case of Private Company, as per section 2(68) of the Companies Act, 2013, what is the minimum paid up capital?
A)
No minimum amount prescribed
B)
1 lakh rupees
C)
5 lakh rupees
D)
10 lakh rupees
Answer & Solution
Answer: Option
B
70
"Directors are agents of the company". In which of the following cases above principle was laid down. Answer using given below:
A)
Only (1)
B)
Only (1) and (2)
C)
Only (1), (2) and (3)
D)
(1), (2), (3) and (4)
Answer & Solution
Answer: Option
D
