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WorksheetsSP CH : 1 - 7 MCQ
Total questions: 70
Worksheet time: 35mins
As per the company Act appointment of secretary -----------------------
is done when company is making loss
is done when subscribed capital is 5 crore or more
is not essential
As a departmental secretary ____________________.
Secretary of Embassy is appointed.
Secreatry of Association is appointed
Secretary of club is appointed
Gazzeted officer is appointed
Company Secretary _________________.
is link between company and Board of Directors
is not essential in company
is counseling shareholders
is administrates Borad of Directors
Full form of FICCI is _________________.
Firefox Institute of Cricket Club of India
Federation of Internal Control of Chamber of India
Federation of Indian Chamber of Commerce & Industry
Federation of Indian Chamber of Commercial
Distribution of dividend is done by ___________.
Company's general secretary
Administrative secretary of company
Student Union secretary
Secretary of labour union
Secretary of Cooperative Society is ____________
Secretary of Staff credit cooperative society
Secretary of labor union
Secretary of trade union
Secretary of Educational Institute.
How many persons are included as KMP in Company Law?
2
5
3
4
Who can be appointed as secretary?
Partnership Firm
Living person
Company
Cooperative Society
Which form is to be registered with Registrar of Companies for appointment of Company Secretary?
Pan card
Income Tax return
MGT 14 Form
Certificate to commence Business
Where is appointment of the secretary mandatory? When subscribed capital is _______________.
₹50 lacks
₹2 crore
₹5 crore or more than that
₹1 crore
What is the qualification of the secretary?
Which statement is incorrect with reference to secretary?
Secretary works as an agent on behalf of company.
Secretary has the authority to do the work assigned by the Borad of Directors
He has the authority to appoint Board of Directors
He must have knowledge of various laws
Which of the following is not a characteristic of Company?
Independent Existance
Limited Liability of its members
Perpetual Existance
Head office in the Metro Cities
Which of the following documents are not required to be given to the Registrar of Companies at the incorporation Stage of a Company?
Memorandum of Association
Article of Assocaition
List of Directors
Particulars regarding profit and loss
Who examines the possibilities of Idea of Promotion of Business?
Directors
Share holders
Advocate
Experts
In case of death of a member of company ______________.
Company gets closed
New members to be taken
No effect on company
New company is to be formed
Memorandum of Association is _____________
Ancillary Document
Sub-Document
Main Document
Additional Document
Which of the following matter is incorrect about the Name Clause of a company?
Name should not be of an existing comapny
Name should not be such which creates impression about state Government/Central Government
Name should not resemble with that of Local Authority
Any Name can be kept
Which of the following matters are incorrect about the Memorandum of Association?
Memorandum of Association is a fundamental document
It provides information regarding registered office
It includes the matters about internal management of a company
It clarifies the object of a company
Ultra vires acts are ___________________.
Void
Void at the option of the person who has contracted with a company
Voidable at the option of the person who has contracted with a company
Voidable at the option of the share-holders of a company
Which companies are exempted from adding the words "Limited" or "Private Limited" ?
One Person Company
Company established for social welfare
Company doing business of Building and Construction
Company established for selling software products
Unlimited libility Company and not having Share Capital has to prepare its Memorandum of Association as prescribed under _______ of Schedule I of the Companies Act, 2013.
Table A
Table B
Table C
Table D
While changing the name clause within how many fays after receiving permission from central Government for the register should be informed?
15
90
30
60
Within how many days a permission of Central Government has to be taken for changing Registered Office of a company from one state to another after having made application to the Registrar of Companies?
15
30
90
60
Which table is applicable to company Limited by shares as per schedule?
Table A
Table C
Table E
Table D
Which matter is incorrect with reference to Memorandum of Association?
CApital clause
Object clause
Dividend clause
Liability clause
Articles of Association
determine the objects of a company
regulates the mutual relations among the the company ad its members
determines the relations between a company and third party
determine the relations between a company and Government
Which of the statement is incorrect in relation to Articles of Association?
Rules relating to objectives
Rules relating to share installments
Rules relating to Rights and duties of Board of Directors
Rules regarding share transfer
_____________ is for the Internal Administration of a company.
Memorandum of Assoication
Prospectus
Articles of Associations
Company Secretary Act
Personality of a company is _______________
Eternal
By registering necessary document with registrar of companies, it obtains legal identity.
given through shareholders
given though Board of Directors.
Which of the following types of Articles of Association is applicable to a Company with Unlimited Liability and not having a Share Capital?
Table I
Table H
Table F
Table J
Transfer of shares of private company is _______________.
Independent
Decided by the members inter se
Restricted
not permissible at all
Which of the following types of Articles of Association is applicable to a Comapny with Unlimited Liability and having a Share Capital
Table I
Table F
Table G
Table H
Doctrine of Indoor Management is ______________.
Shareholders know what is going on in a company
Board of Directors know how th company administration is done
Employees know that the management of a company is proper
Third party presumes that the internal management of a company is regular and proper
Which of the following types of Articles of Association is applicable to a Company limited by Guarantee and not having Share Capital?
Table G
Table H
Table I
Tablee H
Which of the following types of Articles of Association is applicable to a Company limited by Share Capital?
Table F
Table G
Table I
Table H
Person liable for Civil Liability in case of publication of information in prospectus ______
can be punished with fine
can be punished with imprisonment or fine.
cannot be punished at all
can be punished with imprisonment as well as fine
Person liable for criminal offence in case of publication of information in prospectus___________
can be punished with imprisonment
can be punished with fine only
is to be pardoned for the first offence
can be punished with imprisonment and fine or both
Which of the following statement is incorrect in relation to prospectus.
Prospectus is an invitation published by a company
Prospectus must be in written form
Name of the company
it is not mandatory to register with Registrar of companies.
In order to invite public to purchase shares, a company ____________
may print application form
cannot print application form
print along with mini prospectus
may take application on a paper
The amount of subscription received is to be ___________
deposited by opening a separate account in a Scheduled BAnk
deposited in Nationalized Bank
Deposited in current account of a company
deposited in the account of the Director
In Private placement in how many many days allotment is to be done?
with in 15 days
with in 60 days
with in 75 days
with in 90 days
Prospectus _______________.
is not required to be published
is necessary to be published
may be in the written form
is in the nature of scattered information
In case of Civil Liability, the Directors ____________.
have to pay for the loss
are not liable at all for the first time
have to pay for the possible loss
have to pay the loss sustained in the profit
How many people can be offered in private placement?
50
30
20
10
Company issues share in proportion to shareholders without consideration, out of its accumulated profit is known_____________
Equity share
Preference shares
bonus share
right share
Which statement is incorrect with reference to Equity share?
Voting Rights
First Preference to get dividend
Right to attend Annual General Meeting
Right to get Bonus shares
As per law to raise capital company issue ____________
Memorandum of Association
Articles of Association
Prospectus
Share certificate
NRI means _____________.
Non recruit Indian
Non Residential Indian
National Resident Indian
Non Residential International
What type of asset is share?
Fix
Movable
Invisible
Fictitious
NSDL means ______________.
National Securities Depository Limited
Non Securities Depository Limited
National Securities Disaster Limited
National Securities Department Limited
The share given to Directors and employee of the company at discount price or without cash consideration is ________
Equity share
Bonus share
Sweat equity share
Right share
Main office of SEBI is situated at ___________
Ahmedabad
Vadodara
Pune
Mumbai
CDSL means _______________.
Central Defense Services India Limited
Central Direct Services India Limited
Central Depositary Services India Limited
Central Department Services India Limited
D P means __________________
Direct Payment
Depositary Partly Payments
Depositary Participant
Depositary Partnership
Issuing of bonus share should be registered with company registrar within__________
1 Month
3 Months
2 Months
4 Months
Full Form of SEBI is _______________
Securities and Exports Board of India
Securities and Exchange Board of India
Securities and Expert Board of India
Special and Exchange Board of India
According to whose instruction secretary does work?
Board of Directiors
Shareholders
Government
Banks
Under which of the following circumstance the termination of a secretary is not done?
to earn profit on personal basis
To break traffic rules
To break Company's Act
When a Company goes into loss
In the list of directors which of the following matters are not indicated?
Name-address
Caste-sub caste
Business Life
Nationality
In the board of directors how many woman director should be there?
One
Two
Three
Four
The company has to preserve the identify of original document and information till?
First general meeting
5 years
Liquidation
10 years
How many minimum members are required for establishment of public company?
Seven
Five
Ten
Two
How many minimum members are required for establishment of private company?
Three
Two
Seven
Five
Which of the following is not true in respect to capital clause of Memorandum of Association?
Shares can be consolidated to increase share value
Additional capital can be increased
Shares can be converted into debentures
Shares can be divided to decrease share value
What should be the maximum number of members in the private company?
50
500
200
20
Before how many days the notice of the meeting of shareholder must be given for altering the AOA?
30
7
21
14
According to whose guidelines the amount of Bonus shares is decided?
Managing director
Company registrar
Secretary
SEBI
_________ shares certificate are non-refundable until the existance of the company.
Preference
Issued
Equity
Called up
Which of the following particulars is not included in the share certificate?
Name of the Share holder
Types of Share and its Number
Number of Heirs
Authorized Share Capital
