Indian Companies Act MCQ question and answer | Law MCQ question Page-6 section-1

51.
In which of the following cases corporate veil of the company has not been lifted by the court:

A. Gilford Motor Co. Ltd. v. Horne

B. Daimler Co. Ltd. v. Continental Tyre & Rubber Co. Ltd.

C. Dinshaw Maneckjee Petit, Re

D. People Pleasure Park Co. v. Rohleder

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52.
Match List-I with List-II and select the correct answer using the given below the Lists:

List-I (Decided Cases) List-II (Principle Stated)

a. Royal British Bank v. Turquand 1. Corporate personality

b. Salomon v. Salomon & Co. Ltd. 2. Rule of majority

c. Foss v. Harbottle 3. Doctrine of ultra vires

d. Ashbury Railway Carriage and Iron Co. Ltd. v. Riche 4. Indoor management

A. a-4, b-1, c-2, d-3

B. a-4, b-3, c-2, d-1

C. a-3, b-2, c-1, d-4

D. a-1, b-2, c-3, d-4

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53.
Which of the following statements is not correct?

A. A company cannot have more than one Manager at the same time

B. A company can have more than one Manager at the same time

C. A firm cannot be appointed as Manager of a company

D. A Manager can be appointed for a period of 5 years at a time

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54.
Who is authorized to issue license to Section 8 company under Companies Act, 2013?

A. NCLT

B. Any one of the above

C. Registrar of Companies

D. Regional Director

E. None of the above

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55.
Which of the following case is about doctrine of ultra vires?

A. Royal British Bank v. Turquand

B. Premier Industrial Bank Ltd. v. Carlton Mfg. Co. Ltd.

C. Rajendra Nath Dutta v. Shibendra Mukherjee

D. Attorney General v. Great Eastern Railway Co.

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56.
The Companies Act, 2013 has done a tremendous job by providing Company's Social Responsibility (CSR) as a mandatory activity. A company has to comply with mandatory CSR norms where

A. The net worth of the company is INR (Indian National Rupee) 1,000 crores or more

B. The turnover of the company is INR 1,000 crores or more

C. Its net profit during any financial year is INR 50 crores or more

D. Its paid-up share capital is INR 200 crores or more

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57.
Producer company is based on the principles of . .

A. Patronage

B. Mutual Assistance

C. Limited Return

D. All of these

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58.
To safeguard the interest of the shareholders through class action suits, an application may be made to the Tribunal. Which one of the following is wrong?
An application

A. To restrain the company from committing an act which is ultra vires the Articles or Memorandum

B. To restrain the company from committing breach of any provision of the Company's Memorandum and Articles

C. To restrain the Company from taking action to any resolution passed by members

D. To restrain the Company and its Directors from acting on a resolution obtained by mis-statement to the members or depositors

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59.
How much amount of the profits of a company can be distributed as dividend amongst its shareholders?

A. 10% of the profit

B. 15% of the profit

C. 5% of the profit

D. No fixed

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60.
A public company can be converted into a private company only after the approval of the

A. State Government

B. High Court

C. Regional Director

D. National Company Law Tribunal

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List-I (Decided Cases)	List-II (Principle Stated)
a. Royal British Bank v. Turquand	1. Corporate personality
b. Salomon v. Salomon & Co. Ltd.	2. Rule of majority
c. Foss v. Harbottle	3. Doctrine of ultra vires
d. Ashbury Railway Carriage and Iron Co. Ltd. v. Riche	4. Indoor management

Indian Companies Act MCQ question and answer | Law MCQ question

51. In which of the following cases corporate veil of the company has not been lifted by the court:

Answer & Solution

Answer & Solution

53. Which of the following statements is not correct?

Answer & Solution

54. Who is authorized to issue license to Section 8 company under Companies Act, 2013?

Answer & Solution

55. Which of the following case is about doctrine of ultra vires?

Answer & Solution

56. The Companies Act, 2013 has done a tremendous job by providing Company's Social Responsibility (CSR) as a mandatory activity. A company has to comply with mandatory CSR norms where

Answer & Solution

57. Producer company is based on the principles of . .

Answer & Solution

58. To safeguard the interest of the shareholders through class action suits, an application may be made to the Tribunal. Which one of the following is wrong? An application

Answer & Solution

59. How much amount of the profits of a company can be distributed as dividend amongst its shareholders?

Answer & Solution

60. A public company can be converted into a private company only after the approval of the

Answer & Solution

51.
In which of the following cases corporate veil of the company has not been lifted by the court:

53.
Which of the following statements is not correct?

54.
Who is authorized to issue license to Section 8 company under Companies Act, 2013?

55.
Which of the following case is about doctrine of ultra vires?

56.
The Companies Act, 2013 has done a tremendous job by providing Company's Social Responsibility (CSR) as a mandatory activity. A company has to comply with mandatory CSR norms where

57.
Producer company is based on the principles of . .

58.
To safeguard the interest of the shareholders through class action suits, an application may be made to the Tribunal. Which one of the following is wrong?
An application

59.
How much amount of the profits of a company can be distributed as dividend amongst its shareholders?

60.
A public company can be converted into a private company only after the approval of the