Indian Companies Act MCQ question and answer | Law MCQ question Page-5 section-1

41.
Which among the following remedies is available for a person who acted upon a false prospectus?

A. Damages for fraudulent misrepresentation

B. Compensation for untrue statement

C. Damages for non-compliance with the requirements of section 26 of the Companies Act, 2013

D. All of these

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42.
Under which provision of the Companies Act, 2013, will members be liable for a reduction of the statutory minimum number of members, in the Company?

A. Section 3A

B. Section 7

C. Section 3

D. Section 4

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43.
A company shall be deemed to be unable to pay its debts:

A. If the company has failed to pay the sum within 21 days after the receipt of such demand

B. If any execution process issued on a decree in favour of a creditor is returned unsatisfied

C. If it is proved to the satisfaction of the Tribunal that the company is unable to pay its debts

D. All of the above

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44.
In which of the following cases, the Court cannot order rectification of instrument-

A. Where the instrument through fraud does not express their real intention

B. Where the instrument through mutual mistake does not express their real intention

C. Where the instrument is the articles of association of a company

D. Where the rectification of the instrument can be done without prejudice to right acquired by third persons in good faith and for value

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45.
Directors of a company are

A. Debtors of company

B. Trustees of company

C. Landlords of company

D. Tenants of company

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46.
Articles of a company can be altered by

A. The directors of the company

B. The official of the company

C. Share holders by passing an ordinary resolution

D. Share holders by passing a special resolution

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47.
Which section of the Companies Act, 2013 deals with corporate social responsibility?

A. Section 133

B. Section 134

C. Section 135

D. Section 136

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48.
Which one of the following is primary source of equity?

A. Custom

B. Written law

C. Judicial decision

D. Conscience

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49.
Starax Ltd. has the paid-up equity capital structure in the following proportion - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and remaining shares by retail shareholders. Which of the following classes of companies would it belong to?

A. Government company

B. Non-government company

C. Deemed public company

D. Deemed private company

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50.
The statutory formulation of directors' duties under Companies Act, 2013 have been spelt out in

A. Section 166

B. Section 151

C. Section 171

D. Section 289

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Indian Companies Act MCQ question and answer | Law MCQ question

41. Which among the following remedies is available for a person who acted upon a false prospectus?

Answer & Solution

42. Under which provision of the Companies Act, 2013, will members be liable for a reduction of the statutory minimum number of members, in the Company?

Answer & Solution

43. A company shall be deemed to be unable to pay its debts:

Answer & Solution

44. In which of the following cases, the Court cannot order rectification of instrument-

Answer & Solution

45. Directors of a company are

Answer & Solution

46. Articles of a company can be altered by

Answer & Solution

47. Which section of the Companies Act, 2013 deals with corporate social responsibility?

Answer & Solution

48. Which one of the following is primary source of equity?

Answer & Solution

49. Starax Ltd. has the paid-up equity capital structure in the following proportion - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and remaining shares by retail shareholders. Which of the following classes of companies would it belong to?

Answer & Solution

50. The statutory formulation of directors' duties under Companies Act, 2013 have been spelt out in

Answer & Solution

41.
Which among the following remedies is available for a person who acted upon a false prospectus?

42.
Under which provision of the Companies Act, 2013, will members be liable for a reduction of the statutory minimum number of members, in the Company?

43.
A company shall be deemed to be unable to pay its debts:

44.
In which of the following cases, the Court cannot order rectification of instrument-

45.
Directors of a company are

46.
Articles of a company can be altered by

47.
Which section of the Companies Act, 2013 deals with corporate social responsibility?

48.
Which one of the following is primary source of equity?

49.
Starax Ltd. has the paid-up equity capital structure in the following proportion - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and remaining shares by retail shareholders. Which of the following classes of companies would it belong to?

50.
The statutory formulation of directors' duties under Companies Act, 2013 have been spelt out in