Section 100 of the Companies Act, 1956 allows a company to reduce its share capital under certain circumstances. which one of the following comes under the purview of this section:
A. Redemption of Redeemable preference shares, if issue of such shares is authorised by the Articles
B. Forfeiture of shares for non-payment of calls
C. Paying off any paid-up capital which is in excess of the needs of the company
D. Surrender of shares to the company by one or more shareholders
Select an option to see the answer and solution.
'Doctrine of Caveat Emptor' means:
A. buyer should make payment well in time
B. buyer should be beware of all aspects of buying
C. buyer will be responsible for the whole payment
D. buyer will not be responsible at any cost
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Which of the following cannot be treated as 'delivery' under the Sale of Goods Act, 1930?
A. Doing anything which has the effect of putting goods in possession of legal representatives of seller
B. Doing anything which has the effect of putting goods in possession of any person authorized by the buyer
C. Doing anything which has the effect of putting goods in possession of the buyer
D. Doing anything which the parties agree to be treated as delivery
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Which of the following sections of Companies Act, 2013 facilitates amalgamation, absorption and reconstruction of companies?
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Which of the following does not fall under not 'fraud' according to Indian Contract Act, 1872?
A. where a person stands in a fiduciary relation with the other and induces the other person to act on his directions
B. the active concealment of a fact by one having knowledge or belief of the fact
C. a promise made without any intention of performing it
D. the suggestion as a fact, of that which is not true, by one who does not believe it to be true
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The limit of maximum number of members in a private company is:
A. 20
B. 200
C. 500
D. None of these
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A public company can commence its business
A. Without obtaining certificate of incorporation
B. After obtaining certificate of incorporation
C. After obtaining certificate of commencement of business
D. As per its choice
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In India, the GST is based on the dual model GST adopted in:
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The Central Information Commission falls under which ministry?
A. Ministry of Home Affairs
B. Ministry of Personnel and Training
C. Ministry of Human Resource Development
D. None of the above
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Right of stoppage in transit means right of stopping the goods while they are
A. on the way to buyer's place
B. on the way to seller's place
C. on the way to place of goods
D. All of the above
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Statement I A cheque is an unconditional order to a specified banker to pay the sum mentioned in the cheque.
Statement II A cheque can be drawn only by a person who has his account with bank while a bill can be drawn by any person.
Statement III A cheque may be crossed but a bill of exchange can not be crossed.
Which of the following statement(s) is/are true?
A. Only Statement I is true
B. Only Statement III is true
C. Both statements II and III are true
D. All statements are true
Select an option to see the answer and solution.
Which of the following is a mode of discharge of a negotiable instrument?
A. Payment in due course
B. Party liable becomes holder
C. Material alteration in instrument
D. All of the above
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Which of the following principles is applicable to trademarks?
A. A trademark should be distinctive
B. A trademark should be capable of distinguishing goods or services
C. A trademark should not cause confusion with previous trademarks
D. All of the above
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When a party to instrument refuses to accept or pay the instrument, it is called . . . . . . . . of negotiable instrument.
A. dishonour
B. release
C. alteration
D. All of these
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A cheque which is truncated during the process of clearing cycle is called:
A. Stale cheque
B. Mutilated cheque
C. Self-cheque
D. Truncated cheque
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Which of the following sections of the IT Act, 2000 deal for Credit card fraud?
A. 66, 66C, 66D
B. 42, 67, 67A, 67B
C. 43, 66, 66C, 66D
D. None of the above
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Which one is not the statutory qualification for appointment as a Company Secretary of a company having the paid up share capital of less than Rs. 200 lakhs?
A. Passing of Intermediate Examination of the ICS
B. Master's Degree in Economics
C. Master's Degree in Commerce
D. Diploma in Company Law from Indian Law Institute
Select an option to see the answer and solution.
Quasi-contract is a
A. contract
B. legal obligation
C. agreement
D. conlingent contract
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When after the formation of a valid contract, an event happens which makes the performance of contract impossible, the contract becomes
A. voidable
B. void
C. valid
D. illegal
Select an option to see the answer and solution.
A company that wishes to ensure that no one else can use their logo, basically refers to:
A. Copyrights
B. Trademark
C. Patent
D. Industrial designs
Select an option to see the answer and solution.