The Companies Act, 2013 0 The Companies Act, 2013 1 / 30 Q.30 The liability of the members of a company is limited to the extent of the ....... of the shares held by them. Nominal Value Market value Exchange value None of above 2 / 30 Q.29 An extraordinary general meeting can be held on .... Working day National holiday Public holiday Any of the above 3 / 30 Q.28 In case of an annual general meeting, the place of the meeting has to be either the registered office of the company or some other place within the city, town or village in which the .... of the company is situated. Corporate office Head Office Registered office Factory office 4 / 30 Q.27 A general meeting may be called after giving a shorter notice also if consent is given in writing or by electronic mode by not less than .... of the members entitled to vote at such meeting. 51 % 75 % 90 % 95 % 5 / 30 Q.26 An AGM can be called during ....., that is,between 9 am and 6 pm on any day that is not a .... business hours; public holiday business day; working holiday business hours; national holiday business hours; working day 6 / 30 Q.25 XYZ Ltd. has total 10 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be .... 3 4 5 6 7 / 30 Q.24 XYZ Ltd. has total 7 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be ..... 2 3 4 5 8 / 30 Q.23 XYZ Ltd. has total 6 directors. Directors liable to retire by rotation should be ....... 3 4 5 6 9 / 30 Q.22 In the case of public company,out of the total number of directors ..... be directors liable to retire by rotation Two-third One-third Three-fourth One-fifth 10 / 30 Q.21 According to section 151 of the Companies Act, 2013 every listed company .... have one director elected by such small shareholders. Must Should May Must not 11 / 30 Q.20 As per section 173 of the Companies Act, 2013, at least ...... board meetings must be held every year. 3 4 5 2 12 / 30 Q.19 The corollary which the law deduces from this rule of fiduciary relationship is that a promoter may not make, ......., any profit at the expense of the company, he promotes, without the knowledge and consent of the company, and that, if he does make a secret profit in disregard of this rule, the company can compel him to account for it, and surrender the secret profit. Directly Indirectly Either directly or incidentally Either directly or indirectly 13 / 30 Q.18 ....... of the Companies Act, 2013 defines "Government Company". Section 2(54) Section 2(35) Section 2(53) Section 2(45) 14 / 30 Q.17 The fourth clause of the memorandum is .... Capital Clause Objects Clause Registered Office Clause Liability Clause 15 / 30 Q.16 Which of the following person is NOT eligible to incorporate One Person Company (OPC) as per Companies Act, 2013 ?(i) Indian citizen and resident in India (ii) Person who has already incorporated one OPC in India. (iii) Artificial person (iv) Indian citizen and non-resident in India. i, iii & iv ii, iii & iv i, ii & iv ii & iv 16 / 30 Q.15 For ascertaining as to whether the proposed name is available for adoption, the promoters are required to make an application to the Registrar of Companies in Form No. INC 1 along with fee as provided in .... Companies (Registration Office & Fees) Rules, 2014 Companies (Incorporation Fees) Rules, 2014 Companies (Fees & Penalties) Rules, 2013 Companies (Fees & Penalties) Rules, 2014 17 / 30 Q.14 For ascertaining as to whether the proposed name is available for adoption, the promoters are required to make an application to the .... Regional director Registrar of Companies Central Government State Government 18 / 30 Q.13 Promoter can make a profit .... Even if he does not make full disclosure If he make full disclosure If he make part disclosure All of above 19 / 30 Q.12 Public company means a company which is not a ..... Public Company Private Company Statutory Company Deemed Public Company 20 / 30 Q.11 As a corporate person, the company is NOT entitled to own and hold property in its own name. True False Partly true Partly false 21 / 30 Q.10 Characteristic of a company ... Transferability of shares Separate Property Common Seal All of above 22 / 30 Q.9 A company may appoint or employ a person as its managing director, if he is the managing director or manager of one, and of not more than one, other company and such appointment or employment is made or approved by resolution passed at a meeting of the .... with the consent of .... present at the meeting and of which meeting, and of the resolution to be moved thereat, .... notice has been given to all the directors then in India. Shareholder; all the shareholder; special Board; majority directors; special Shareholder; all the shareholder; specific Board; all the directors; specific 23 / 30 Q.8 If at any time the number of interested directors exceeds or is equal to .... of the total strength of the Board of directors, the number of directors who are not interested and present at the meeting, being not less than ..... shall be the quorum during such time. two-thirds; two one-thirds; three two-thirds; three one-fourth; two 24 / 30 Q.7 In case of One Person Company (OPC), small company and dormant company, at least ..... board meeting should be conducted in each half of the calendar year and the gap between two meetings should not be less than .... Two; Ninety days Two; One hundred and twenty days One; Sixty days One; Ninety days 25 / 30 Q.6 Company may appoint more than 15 directors after passing a .... Ordinary Resolution in general meeting Special Resolution in general meeting Ordinary Resolution in board meeting Special Resolution in board meeting 26 / 30 Q.5 Model Articles of Association contained in First Schedule can be adopted by .... Public Companies Private Companies Both 1 & 2 None of above 27 / 30 Q.4 Company should be formed for a ..... Unlawful purpose Lawful purpose Illegal purpose Any of the above 28 / 30 Q.3 The corporate veil can be lifted : ........ Where the corporate veil has been used for proper & legal purpose. Where the corporation is really an agency or trust for someone else and the corporate facade is used to cover up that agency or trust. Where the company is incurring continuous losses. All of above 29 / 30 Q.2 In the case of a private company, every member owing fully paid-up shares can freely transfer shares held by him subject to the provisions in the articles of the company. True False Partly true Partly true 30 / 30 Q.1 The shares of company are said to be ..... Immovable Property Movable Property Tangible Property Permanent Property Your score is LinkedIn Facebook Twitter VKontakte
