What is the most crucial component of the Competition Act, 2002?
A. Abuse of dominance
B. Anti-competition agreement
C. Combination regulations
D. Competition advocacy
Select an option to see the answer and solution.
As per the act, who can file a petition to the Tribunal for winding-up?
A. The Registrar
B. Company
C. Contributory
D. All of these
Select an option to see the answer and solution.
Who will notify the rate of tax to be levied under CGST?
A. GST council suo moto
B. Central Government suo moto
C. State Government suo moto
D. Central Government as per the recommendations of the GST council
Select an option to see the answer and solution.
An agreement is a voidable contract when it is
A. enforceable
B. enforceable by law at the option of the aggrieved party
C. enforceable by both the parties
D. Not enforceable at all
Select an option to see the answer and solution.
A charge created on the stock in trade of a business is:
A. Fixed charge
B. Floating charge
C. Both A and B
D. At a time, it can be only one charge
Select an option to see the answer and solution.
A company issues invitation to public to subscribe to its shares and debentures through
A. Memorandum of Association
B. Articles of Association
C. Prospectus
D. Banks
Select an option to see the answer and solution.
Which of the following are not included in the term 'goods' defined under section 2(7) of the Sale of Goods Act, 1930?
A. Stock
B. Shares
C. Growing crops
D. Actionable claims
Select an option to see the answer and solution.
As per section 205(2A) a company is obliged to transfer at least what amount is accumulations, if the rate of dividend is more than 20% of the paid up capital?
Select an option to see the answer and solution.
Which of the following most appropriately describes the term 'sale' as per Sale of Goods Act, 1930?
A. A contract where by seller transfers the property in goods
B. A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price
C. A contract where transfer of the property in goods is to take place at a future time
D. A contract where transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled
Select an option to see the answer and solution.
Which of the following is an intellectual property?
A. Patents
B. Copyright
C. Trademarks
D. All of the above
Select an option to see the answer and solution.
An act, legal in itself, but not authorized by the object clause of the Memorandum of Association of a company or statute, is:
A. ultra Vires the company
B. within Articles of Association
C. within Memorandum of Association
D. all of the above
Select an option to see the answer and solution.
A Company Secretary is:
A. A shareholder of the company
B. A debenture holder of the company
C. An employee of the company
D. A customer of the company
Select an option to see the answer and solution.
When a contract is breached, the party who suffers such breach shall:
A. be indemnified for the loss or damage caused to him
B. receive compensation for any loss or damage caused to him
C. be remunerated for the loss or damage caused to him
D. not have any right under this act
Select an option to see the answer and solution.
RTI Act 2005 came into force on:
A. 12th October 2005
B. 15th August 2005
C. 15th June 2005
D. 1st November 2005
Select an option to see the answer and solution.
What is the responsibility of the finder of goods?
A. Same responsibility as a bailee
B. Same responsibility as a trustee
C. Same responsibility as a pledgee
D. Same responsibility as the owner
Select an option to see the answer and solution.
Table 'A' of the Companies Act. gives model of:
A. Balance sheet
B. Memorandum of Association
C. Articles of Association
D. Profit and Loss A/c
Select an option to see the answer and solution.
XYZ company is a government company and X company is a subsidiary of XYZ company. Then X company will be
A. public company
B. private company
C. government company
D. one person company
Select an option to see the answer and solution.
A employs B to beat C and agree to indemnify him against all consequence of the act. B thereupon beats C and to pay damages to C for so doing.
A. A is liable to indemnify B for those damages
B. A is partially liable to indemnify B for those damages
C. A is not liable to indemnify B for those damages
D. None of the above
Select an option to see the answer and solution.
The tax which was not merged into GST is:
A. Countervailing Duty
B. Excise duty
C. Basic Customs Duty
D. Purchase tax
Select an option to see the answer and solution.
One of the following statement is wrong under the permission granted to the company secretary by general resolution:
A. Private tutorship
B. Holding of LIC agency license
C. Holding of public elective officers as MP & MLA etc
D. Valuation of papers, acting as paper setter & head examiner etc
E. Editorship of journals other than professional journals
Select an option to see the answer and solution.