Indian Companies Act MCQ question and answer | Law MCQ question Page-8 section-1

71.
Equality means

A. Literal equality

B. Proportional equality

C. Both (A) and (B)

D. Neither (A) nor (B)

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72.
Read Assertion (A) and Reason (R) and answer by using given below:
Assertion (A): Under the Company Law, though any outsider is presumed to be aware of the documents which are publicly accessable, but not the internal proceedings of which he can not reasonably aware of, because those are not accessible to the public.
Reason (R): The Doctrine of indoor management evolved as a partial exception to the Doctrine of Constructive Notice and the rule was laid down in Royal British Bank v. Turquand.

A. Both (A) and (R) are correct and (R) is the correct explanation of (A)

B. Both (A) and (R) are correct but (R) is not the correct explanation of (A)

C. (A) is true but (R) is false

D. (A) is false but (R) is true

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73.
A Prospectus which does not include complete particulars of the quantum or price of the securities included therein in known as:

A. Shelf Prospectus

B. Memorandum

C. Red Herring Prospectus

D. Issuing house

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74.
The minimum number of the members for a private company and for a public company are respectively

A. 10 and 50

B. 10 and 100

C. 7 and 2

D. 2 and 7

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75.
Ashbary Railway Carriage & Iron Co. v. Riche is the case which is related with which topic of the Company Law?

A. Doctrine of indoor management

B. Doctrine of ultra vires

C. Prospectus of company

D. Promoters of company

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76.
The Minimum number of persons required to incorporate a Public Company is

A. 5

B. 10

C. 7

D. 2

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77.
A foreign company intends to merge with an Indian Company. As per the relevant provision in the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, it needs to obtain prior approval of

A. Cabinet Committee on Economic Affairs

B. Securities and Exchange Board of India

C. Reserve Bank of India

D. Department of Economic Affairs

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78.
Which of the following actions can be taken when an issue is made under the provisions of Section 42 of the Companies Act, 2013?

A. An advertisement can be issued in a local newspaper having city coverage

B. The money payable towards subscription can be received in cash

C. The share can be allotted within sixty days of the date of offer

D. The offer can be made to a maximum of fifty people

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Indian Companies Act MCQ question and answer | Law MCQ question

71. Equality means

Answer & Solution

Answer & Solution

73. A Prospectus which does not include complete particulars of the quantum or price of the securities included therein in known as:

Answer & Solution

74. The minimum number of the members for a private company and for a public company are respectively

Answer & Solution

75. Ashbary Railway Carriage & Iron Co. v. Riche is the case which is related with which topic of the Company Law?

Answer & Solution

76. The Minimum number of persons required to incorporate a Public Company is

Answer & Solution

77. A foreign company intends to merge with an Indian Company. As per the relevant provision in the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, it needs to obtain prior approval of

Answer & Solution

78. Which of the following actions can be taken when an issue is made under the provisions of Section 42 of the Companies Act, 2013?

Answer & Solution

71.
Equality means

73.
A Prospectus which does not include complete particulars of the quantum or price of the securities included therein in known as:

74.
The minimum number of the members for a private company and for a public company are respectively

75.
Ashbary Railway Carriage & Iron Co. v. Riche is the case which is related with which topic of the Company Law?

76.
The Minimum number of persons required to incorporate a Public Company is

77.
A foreign company intends to merge with an Indian Company. As per the relevant provision in the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, it needs to obtain prior approval of

78.
Which of the following actions can be taken when an issue is made under the provisions of Section 42 of the Companies Act, 2013?