IDBI-BL-LU3- Part 1-Companies act, COPSA

The time limit for filing complaint under Consumer Protection Act is............. from date on which the cause of action has arisen.  

• 2 years

• 3 years

• 1 year

Under the order of precedence for settlement in case of liquidation of a company, the last priority will be accorded to...........

• Statutory dues

• Share holders of the Co.

• Unsecured creditors

Consumer Forum at the District level is headed by..............

• High Court judge

• District Magistrate

• A person qualified to be a District Judge

Any action by the Company which is beyond the powers of the company as stated in the MOA will be reckoned as......... 

• Ultra Vires' even if the share holders ratify the decision subsequently

• Will be treated as 'Ultra Vires' only upon court orders

• Will not be treated a 'Ultra Vires' upon ratification by the share holders

A Consumer is a person who purchases a product or avails a service for...........

• a consideration

• an experience

• a hobby

What is the Fiscal jurisdiction of the District Commission?

• Upto Rs 1 crore

• Upto Rs 50 lakhs

• Upto Rs 2 crores

How much percentage of the awarded amount to be deposited for filing an appeal before State or Central Commisions?

• 100%

• 75%

• 50%

Is an E-commerce website included in Consumer Protection Act?

• Yes

• No

• May be

As per Companies Act 2013,Share means a share in the share capital of a Company and includes__________

• Debentures

• Bonds

• Stocks

Sweat Equity share means equity shares issued by a company to its directors or employee........

• at a discount

• For consideration, other than cash, for providing their know-how.

• Both