Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce

A. To file a "return of allotment of shares" with the Registrar of Companies

B. To submit the application for license for manufacturing a new product

C. To convene the first meeting of the Board of Directors

D. To convene the statutory meeting of the company

A. 2 and 3

B. 2, 3 and 4

C. None of the above

D. All of the above

A. post incorporation contracts

B. pre-incorporation contracts

C. provisional contracts

D. both B and C

A. Minimum of Rupees One Lakh

B. Minimum of Rupees One Thousand

C. No consideration at all is required

D. Minimum of Rupees Ten Thousand

A. When the seller transfers the property in goods

B. When the seller agrees to transfer the property in goods

C. When the time elapses or the conditions subject to which the property in the goods is to be transferred are fulfilled

D. Agreement to sell is deemed to be sale

A. Voting by show of hands

B. Voting through electronic means

C. Poll

D. All of the above

A. Perpetual succession

B. Limited liability of members

C. Capital contribution forming part of the company

D. Freedom to do any business

A. Promissory note

B. A bill of exchange

C. Cheque

D. All of the above

A. 2^nd October, 2003

B. 14^th March, 2003

C. 14^th May, 2003

D. 14^th October, 2003

A. Appointment of Auditors

B. Fixation of remuneration of Auditors

C. Issue of Debentures

D. Appointment of Directors in place of those retiring