NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Commerce MCQs (Practice_Test 85 of 99)
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- The document required to be filed with the Registrar of Companies at the time of incorporation of a company includes
- An agreement, if any, which the company proposes to enter into with any individual for appointment as manager or managing director
- the Prospectus
- an application for name availability
- a statement of minimum subscription
- A public company can be called as a body corporate alters it
- Receives certificate of commencement of business
- issues prospectus
- receives certificate of incorporation
- Receives approval from the Registrar for the proposed name of the company
- Consider the following statements:
- A Private Limited Co. Must have at least 3 (three) directors and a Public Ltd. Co. At least (seven) Directors.
- Liability of shareholder of a Public Ltd. Co. Is limited to the extent of the total authorized Capital and liability of the company.
- Transfer of shares is restricted in case of Private Ltd. Co.
- A Private Ltd. Co. Before commencement of business must issue statement in lieu of
- Prospectus.
- 2 alone is correct
- 2,3 and 4 are correct
- 3 alone is correct
- 1,2 and 4 are correct
- Under: Section 68A of the Companies Act 1956, any person who induces a company to allot shares or register transfer of shares in a fictitious name shall be punishable with
- A fine of ₹ 500
- a fine of ₹ 5,000
- imprisonment up to 5 years
- a fine of ₹ 500 and imprisonment up to 5 years
- Which one of the following is an ‘Ordinary Business’ for the purpose of an Annual General meeting?
- Change in the Articles of Association of the company
- Issue of debentures
- Change in the ‘objects clause’ of the Memorandum of Association
- None of the above
- When an act is performed or a transaction is carried out, which, though legal n itself, is not authorized by the object clause in the Memorandum or by Statute, It is said to be
- Ultra vireos the powers of the company
- intro vireos the powers of the company
- ultra vireos the powers of the Board
- ultra vireos the implied authority
- An exception to the application of Doctrine of Indoor Management is made when
- a person represents the company with or without actual authority to do so
- outsiders have knowledge of irregularity of the conduct
- the sum of the company is not affixed on the documents Issued to outsider՚s
- the directors of the company have delegated authority for the internal management to the Managing Director
- A special notice is required for a resolution when
- A director is to be removed before the expiry of his period of office
- A statutory report has to be adopted
- there is alteration of share capital
- A Company wants to convene a meeting of creditors
- A director should obtain his qualification shares within
- one month of his appointment
- two months of his appointment
- three months of his appointment
- six months of his appointment
- Which one of the following powers CANNOT be delegated to any person by the Board of Directors?
- Investment of funds of the company
- Issue of debentures
- Borrowing money otherwise than on debentures
- making loans
- The Board of Directors CANNOT appoint
- additional directors
- alternate directors
- directors in casual vacancy
- directors under Section 408 of Companies Act, 1956
- Special audit of accounts of a company is directed by
- Shareholders of the company
- Comptroller and Auditor General of India
- Company Law Board
- Central Government
- Section 224 of the Companies Act 1956, deals with
- special audit
- secretarial audit
- cost audit
- appointment and remuneration of auditors
- Part II, schedule VI of the Companies Act; 1956 prescribes
- Vertical form, of balance sheet
- requirements as to profit and loss account
- horizontal form of Balance sheet
- contents of prospectus
- Match List I (items) with List II (Section of Companies Act, 1956) and select the correct answer:
List-I | List-II |
|
|
- A
- B
- C
- D
- 4
- 1
- 3
- 2
- 1
- 4
- 2
- 3
- 4
- 1
- 2
- 3
- 1
- 4
- 3
- 2