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Company Act

Total questions: 111

Worksheet time: 1hrs 22mins

Name
Class
Date
1.

Full form of ROC

a)

Registrar of charges

b)

Registration of companies

c)

Registrar of Companies

d)

Registration of Charges

2.

ROC is appointed under which section of Companies Act

a)

section 609

b)

section 699

c)

section 906

d)

section 606

3.

Companies in India are to be registered under

a)

Companies Act 2011

b)

Companies Act 2012

c)

companies Act 2013

d)

companies act 2014

4.

Which is not true about company

a)

It is a juristic person

b)

does not have perpetual succession

c)

distinct from its member

d)

all are correct

5.

Under which section of companies act are companies require to register charges with ROC

a)

sec 120

b)

sec 609

c)

sec 125

d)

sec 140

6.

Within how many days of creation of charges are companies required to register charges with ROC

a)

60

b)

30

c)

90

d)

300

7.

Full form of OPC in companies act

a)

One Power Company

b)

One Person Company

c)

One People Company

d)

One Public Company

8.

What is correct about One person Company

a)

only One member

b)

at least one member

c)

only one director

d)

at least one director

9.

What is the minimum number of directors required for a private company in India?

a)

1

b)

4

c)

2

d)

3

10.

Which document is required to be filed for the incorporation of a company?

a)

Memorandum of Association

b)

Both Memorandum and Articles

c)

None of the above

d)

Articles of Association

11.

What is the maximum number of members allowed in a private company?

a)

50

b)

200

c)

100

d)

No limit

12.

Name of Chapter I of Companies Act 2013?



(a)  

13.

Name of Chapter XX of Companies Act 2013?

(a)  

14.

Name of Chapter XIV of Companies Act 2013?

(a)  

15.

Name of Chapter X of Companies Act 2013?

(a)  

16.

Name of Chapter XXIA of Companies Act 2013?

(a)  

17.

Name of Chapter XXV of Companies Act 2013?

(a)  

18.

Name of Chapter XXIX of Companies Act 2013?

(a)  

19.

Name of Chapter XXIII of Companies Act 2013?

(a)  

20.

Name of Chapter XVI of Companies Act 2013?

(a)  

21.

Name of Chapter VI of Companies Act 2013?

(a)  

22.

Name of Chapter XII of Companies Act 2013?

(a)  

23.

Name of Chapter XV of Companies Act 2013?

(a)  

24.

Name of Chapter XVII of Companies Act 2013?

(a)  

25.

Name of Chapter XXVII of Companies Act 2013?

(a)  

26.

Name of Chapter XXII of Companies Act 2013?

(a)  

27.

Name of Chapter II of Companies Act 2013?

(a)  

28.

Name of Chapter VII of Companies Act 2013?

(a)  

29.

Name of Chapter XVIII of Companies Act 2013?

(a)  

30.

Name of Chapter IV of Companies Act 2013?

(a)  

31.

Name of Chapter XXVI of Companies Act 2013?

(a)  

32.

Name of Chapter XXI Part II of Companies Act 2013?

(a)  

33.

Name of Chapter III Part I of Companies Act 2013?

(a)  

34.

Name of Chapter XIII of Companies Act 2013?

(a)  

35.

Name of Chapter III Part II of Companies Act 2013?

(a)  

36.

Name of Chapter XXIV of Companies Act 2013?

(a)  

37.

Name of Chapter XXVII of Companies Act 2013?

(a)  

38.

Name of Chapter XI of Companies Act 2013?

(a)  

39.

Name of Chapter XXI Part I of Companies Act 2013?

(a)  

40.

Name of Chapter IX of Companies Act 2013?

(a)  

41.

Name of Chapter V of Companies Act 2013?

(a)  

42.

Name of Chapter VIII of Companies Act 2013?

(a)  

43.

Name of Chapter XIX of Companies Act 2013?

(a)  

44.

What are the Sections in Chapter X?

a)

196-205

b)

173-193

c)

149-172

d)

139-148

45.

What are the Sections in Chapter XXII?

a)

379-393A

b)

387-393A

c)

379-380

d)

396-404

46.

What are the Sections in Chapter XXVI?

a)

406

b)

405

c)

404

d)

406A

47.

What are the Sections in Chapter XVI?

a)

230-240

b)

241-246

c)

247

d)

241-247

48.

What are the Sections in Chapter XXIV?

a)

395-404

b)

396-405

c)

396-404

d)

396-406

49.

What are the Sections in Chapter XXVII?

a)

406-434

b)

407-434

c)

406-433

d)

407-433

50.

Which of the following companies is not exempted from incorporation under the Companies Act?

a)

Companies under Electricity Act, 2003

b)

Companies under Food Safety and Standards Authority of India, 2006

c)

Companies under Banking Regulation Act, 1949

d)

Companies under Insurance Act, 1938

51.

In case of a company is limited by _____________, the liability of its members is limited to the unpaid amount of shares they hold.

a)

Shares

b)

Guarantee

c)

Directors

d)

Shareholders

52.

In the case of a company is limited by shares, the liability of its members is limited to ____________________.

a)

the amount of each members' contribution towards the assets of the company.

b)

the unpaid amount of shares they hold

c)

the entire liability of the company

d)

All of the above

53.

In the case of a company is limited by guarantee, the liability of its members is limited to ____________________.

a)

the amount of each members' contribution towards the assets of the company.

b)

the unpaid amount of shares they hold

c)

the entire liability of the company

d)

All of the above

54.

In case of a company is limited by _____________, the liability of its members is limited to the amount of each members' contribution towards the assets of the company.

a)

Shares

b)

Guarantee

c)

Directors

d)

Shareholders

55.

Which of the following details is not included in the Memorandum of a company?

a)

Registered office address

b)

Objects of the company

c)

Liability of various members of the company

d)

Shares of the shareholders

56.

According to the Indian Companies Act, 2013, there should be at least a minimum of 1 female director on the company's board.

a)

The statement is true

b)

The statement is false

c)

The statement is not mandatory

d)

Cannot determine

57.

According to the Indian Companies Act, 2013, there should be at least a minimum of 1 female director on the company's board who must have stayed in the country for at least 365 days and not less.

a)

The statement is true

b)

The statement is false

c)

The statement is not mandatory

d)

Cannot determine

58.

According to the Indian Companies Act, 2013, the companies are required to specify the amount of incentives or activities that reflect CSR on an annual basis.

a)

The statement is true

b)

The statement is false

c)

The statement is not mandatory

d)

Cannot determine

59.

Stakeholders are ________________________, where as shareholders are ____________________________

a)

Directors, Managers

b)

Managers, Directors

c)

Interested Parties, Owners

d)

Owners, Interested Parties

60.

In which year present Companies Act comes into force?

a)

1956

b)

2013

c)

2018

d)

2020

61.

Minimum number of members required to form a public company are

a)

2

b)

5

c)

7

d)

3

62.

Saloman was carried which kind of business?

a)

cloths

b)

Boot

c)

Chocolate

d)

Mobile

63.

The term perpetual succession mean

a)

Going to be die

b)

Never dies

c)

Member operated only

d)

Separate property

64.

Shares in private company ______

a)

never transferable

b)

can be transfer with approval of other members

c)

Freely transferable

d)

Transfer by company law Board only

65.

The common seal of the company

a)

Is mandatory for all the companies

b)

It is mandatoryFor Public Co. only

c)

It is mandatory for Pvt. Co. Only

d)

It is optional W.E.F 29/05/15

66.

Tick all the demerits of a company from the followinig.

a)

Formalities

b)

More tax burden

c)

Limited liability

d)

Possibility of fraud

67.

Company can be a citizen of country?

a)

True

b)

False

c)

Partially true

d)

Partially false

68.

Audit of accounts are compulsory in case of comapnies.

a)

False

b)

Partially false

c)

True

d)

Partially true

69.

The process of forming a company including where it becomes a legal entity is known as ______.

a)

Incorporation

b)

A franchise

c)

Liquidity

d)

Goodwill

70.

DIN stands for

a)

Director identification number

b)

Directive identification Nil

c)

Decisive information number

d)

Director information numerical

71.

The maximum number of shareholders for public company

a)

200

b)

300

c)

400

d)

Unlimited

72.

---------- is the constitution of the company

a)

Memorandum

b)

Articles

c)

Prospectus

d)

Agenda

73.

Articles of Association is the foundation upon which the whole structure of the company is built up

a)

True

b)

False

74.

Memorandum of Association deals with

a)

Insiders

b)

Outsiders

c)

Directors

d)

Employees

75.

Domicile clause deals with

a)

Name

b)

Situation

c)

Objects

d)

Capital

76.

To alter the Memorandum , we need approval from

a)

Municipality

b)

Board of Directors

c)

Central Government

d)

State Government

77.

1. The term ‘ultra vires’ means------------------

a)

with the power

b)

Beyond the power

c)

Directors power

d)

Shareholders power

78.

Can an ultra vires Act be ratified?

a)

Yes

b)

No

79.

-----Document contains the rules and regulations regarding the internal management

a)

Memorandum

b)

Articles

c)

Certificate of incorporation

d)

Minutes

80.

The main provisions regarding the AOA are found in Secs. ----of the Act

a)

5,6 and 7

b)

5,8 and 10

c)

5,10 and 14

d)

10,14,15

81.

Table A in schedule I of the Act explains about AOA

a)

True

b)

False

82.

To ratify AOA -------resolution is needed

a)

General

b)

Special

c)

quorum

d)

Minutes

83.

MOA is a ----------------------------document

a)

Principal

b)

Secondary

c)

Optional

d)

Computer

84.

The capital of the company and its divisions

a)

Object clause

b)

Name clause

c)

State clause

d)

Capital clause

85.

Articles of Association is subordinate to --------

a)

Company Law

b)

Central Government

c)

Memorandum

d)

Prospectus

86.

Doctrine of constructive notice is a

a)

Positive doctrine

b)

Negative doctrine

87.

Doctrine of constructive notice do not affect the company but only the third party

a)

True

b)

False

88.

Doctrine of indoor management safeguards----

a)

Company

b)

Director

c)

Third party

d)

Ignorant stranger

89.

What are the exception to the doctrine of indoor management ?

a)

Knowledge or irregularity

b)

Negligence

c)

Perpetual succession

d)

Limited liability

90.

----------- company is prohibited to issue prospectus

a)

Private company

b)

Public company

c)

Investment company

d)

Government company

91.

Part I of the company Act 2013 deals with

a)

Public offer

b)

Private placement

c)

RBI guidelines

d)

SEBI guidelines

92.

Name the cooperative society that provides loan to its members at easy terms and reasonable interest

a)

Marketing Cooperative societies

b)

Consumers Cooperative Societies

c)

Credit Cooperative societies

d)

Credit Cooperative societies

93.

Name the act that grants equal coparcenery rights to girl child of the family.

a)

Hindu succession Act, 1956

b)

Companies Act, 2013

c)

Indian Partnership Act, 1932

d)

Hindu Succession act, 2005

94.

Identify the liability of Minor in Joint Hindu Family Business.

a)

Limited

b)

Unlimited

95.

Which is not limitation of sole proprietorship form of business?

a)

Limited Resources

b)

Limited Managerial Skill

c)

Limited liability

d)

Lack of continuity

96.

Meaning of Unlimited liability is

a)

unlimited resources may be use

b)

Unlimited payment is to be done

c)

Personal property of proprietor will be use to pay business debt

d)

unlimited time for business

97.

Mention the maximum number of partners in partnership and under which Act it is mention.

a)

100, Indian Partnership Act 1945

b)

50, Indian Partnership Act, 1932

c)

50, Companies Act 2013

d)

100, Companies Act 2015

98.

Can Partnership be carried on without having agreement in writing?

a)

Yes

b)

NO

99.

Name the partner who does not contribute capital for business but held liable to outsiders.

a)

Partner by estoppel

b)

Secret Partner

c)

Active Partner

d)

Dormant Partner

100.

Name the partnership in which liability of one partner is limited and the liability of remaining partners unlimited.

a)

Partnership at will

b)

General Partnership

c)

Limited Liability Partnership

d)

Particular Partnership

101.

Name the partnership in which partners can close partnership by giving notice.

a)

Partnership at will

b)

General Partnership

c)

Limited Liability Partnership

d)

Particular Partnership

102.

Name the types of company which require to maintain the index of its members.

a)

One person company

b)

Joint stock company

c)

Public Company

d)

Private Company

103.

"One person company can be formed by one person and that one person must be natural person". state

a)

True

b)

False

104.

Name the type of company that allow its members to transfer its shares

a)

One person company

b)

Private Company

c)

Public Company

105.

Promoter is one who

a)

arrange the resources for business

b)

get approval for name

c)

conceive business idea

d)

All of above

106.

A private company can start its operation after completing

a)

Promotion Stage

b)

Registration Stage

c)

Capital Subscription Stage

d)

Any time on the will of company

107.

How many signatories are required for memorandum of association in case of public company?

a)

7

b)

5

c)

2

d)

3

108.

Name the document that is called Charter of Company.

a)

Memorandum of Association

b)

Consent of Proposed directors

c)

Article of Association

d)

Name approval Letter

109.

Name the document which is not required by public company, if they are following Table F of Company Act

a)

Article of Association

b)

Memorandum of Association

c)

Name approval Letter

d)

Consent of Proposed directors

110.

Name the document that specify the company relation with outside world.

a)

Consent of Proposed directors

b)

Article of Association

c)

Prospectus

d)

Memorandum of Association

111.

The most important document used in partnership business is (a)   .