The Annual General Meeting of a Company requires a notice of at least
A. 14 days
B. 21 days
C. 29 days
D. 30 days
Select an option to see the answer and solution.
Which of the following section deals with dishonour by non-acceptance?
A. Section 90
B. Section 91
C. Section 92
D. Section 97
Select an option to see the answer and solution.
When does the property in the goods pass to the buyer in case of an unconditional contract for the sale of specific goods in a deliverable state:
A. When the contract is made irrespective of whether the time of payment of price or delivery of goods is postponed or not
B. When the party Intends to transfer
C. At the time of the payment of the price of goods
D. At the time of delivery of goods
Select an option to see the answer and solution.
In a private company shares are:
A. transferable freely
B. transferable with some restrictions
C. non-transferable
D. all of the above
Select an option to see the answer and solution.
Controller of Certifying Authorities (CCA) work under?
A. Prime Minister office
B. Reserve Bank of India
C. Ministry of Communication and IT
D. Autonomous body
Select an option to see the answer and solution.
The principle of constructive notice protects:
A. Outsiders against company
B. Company against outsiders
C. Directors against shareholders
D. Employees against management
Select an option to see the answer and solution.
Generally, the following damages are not recoverable?
A. Ordinary damages
B. Special damages
C. Remote damages
D. Nominal damages
Select an option to see the answer and solution.
The following cannot be exploited by assigning or by licensing the rights to others.
A. Patents
B. Copyrights
C. Trademarks
D. All of these
Select an option to see the answer and solution.
Match the following.
List-I (Form)
List-II (Explanation)
a. GSTR-1
1. Gross tax liabilities, total description of payment
b. GSTR-2
2. Details of supply/sales
c. GSTR-3
3. Details of purchases
d. GSTR-4
4. Quarterly statement
A. a-4, b-3, c-1, d-2
B. a-2, b-3, c-1, d-4
C. a-2, b-1, c-4, d-3
D. a-3, b-4, c-1, d-2
Select an option to see the answer and solution.
According to section 14 of the Act, when a promissory note, bill of exchange or cheque is transferred to any person so as to constitute that person the holder there of, the instrument is said to be:
A. Negotiated
B. Assigned
C. Assigned and negotiated
D. Terminated
Select an option to see the answer and solution.
The person who writes a promissory note, is called
A. payee
B. maker
C. drawer
D. None of these
Select an option to see the answer and solution.
Where two or more persons have made a joint promise, a release of one of such joint promisors by the promise:
A. does not discharge the other joint promisor, neither does it free the joint promisor so released from responsibility to the other joint promisor or joint promisors
B. discharges the other joint promisor but it does not free the joint promisor so released from responsibility to the other joint promisor or joint promisors
C. discharges the other joint promisor also frees the joint promisor so released from responsibility to the other joint promisor or joint promisors
D. release of one of such joint promisors is not possible
Select an option to see the answer and solution.
For the fraudulent act or wilful wrong of a sub-agent who had been duly appointed, the sub-agent is:
A. responsible to the agent only
B. responsible to the principal only
C. responsible to the agent and principal both
D. responsible to the third party
Select an option to see the answer and solution.
When good shave been delivered to a carrier, right of lien
A. terminates
B. starts
C. exists
D. All of these
Select an option to see the answer and solution.
On a winding-up order being made, the company's property comes under the custody of
A. Liquidator
B. Tribunal
C. Central Government
D. Shareholder
Select an option to see the answer and solution.
Which among the following is NOT included in negotiable instrument?
A. Cheque
B. Demand Draft
C. Promissiory Note
D. Mutual Fund
Select an option to see the answer and solution.
Which of the following circumstances is undue influence not exercised?
A. Where one person holds a real or apparent authority over the other
B. Where he stands in a fiduciary relation with the other
C. Where he makes a contract with a person whose mental capacity is temporarily or permanently affected by reason of age, illness or mental distress
D. When something is said or done in a dishonest way to trick people
Select an option to see the answer and solution.
A bill that is sponsored, drawn, accepted without any condition is known as:
A. Trade bill
B. Clean bill
C. Accommodation bill
D. Usance bill
Select an option to see the answer and solution.
Which of the following is not the objective of the Competition Act, 2002?
A. Prohibition of Restrictive Trade Practices
B. Prohibition of Dominant Position
C. Prohibition of Anti-competitive Agreements
D. Regulation of Combinations
Select an option to see the answer and solution.
Which of the following is called the common law?
A. English Mercantile Law
B. Indian Statute Law
C. Indian taboos
D. Indian customs and usages
Select an option to see the answer and solution.