Promotion of a company includes
A. Discovery of an idea
B. Detailed examination of the proposal
C. Gathering the factors of production
D. All of the above
Select an option to see the answer and solution.
Share premium money can not be utilised in:
A. Issuing bonus shares
B. Writing off preliminary expenses
C. Writing off discount on issue of debentures
D. Paying cash dividend to shareholders
Select an option to see the answer and solution.
Which of the following can be served as the best definition of a Government Company?
A. Where the central government holds 51% or more shares
B. Where the state government holds 51% or more shares
C. Where central and state governments together hold more than 51% of shares
D. Where the central, state & local government hold more than 51% shares putting together
E. Where central, state or local government holds more than 51% shares or is working as a subsidiary to a government company
Select an option to see the answer and solution.
A agreed to let a room to B for holding music shows on a certain dates. Before any show wars organised the room has destroyed in an accidental fire. In this case, the contract becomes
A. void and is discharged
B. voidable at A's option
C. void, but not discharged
D. voidable at B's option
Select an option to see the answer and solution.
Who stands in the fiduciary position of the company?
A. Directors
B. Promoters
C. Auditors
D. Shareholders
Select an option to see the answer and solution.
For the PIO to disclose certain information, the Competent Authority should be satisfied that larger public interest warrants its disclosure. This information pertains to:
A. commercial confidence
B. trade secrets
C. information available to a person in his fiduciary relationship
D. All of the above
Select an option to see the answer and solution.
Which of the following statements are true in context of a company under Company Act, 2013?
1. The shareholders of a company can appoint Board of Directors.
2. The Board of Directors is the proper authority to convene Annual General Meeting.
3. The gap between two annual general meetings must not be more than fifteen months.
A. 1 and 2
B. 2 and 3
C. 1 and 3
D. 1, 2 and 3
Select an option to see the answer and solution.
Where persons reciprocally promise, firstly to do certain things which are legal and secondly under specified circumstances, to do certain other things which are illegal. Select the correct option.
A. The first set of promise is a contract, but the second is a void agreement
B. The entire contract is void
C. The entire contract is valid
D. The entire contract is voidable
Select an option to see the answer and solution.
Who has the power to suspend or revoke digital signature certificate?
A. Certifying authority
B. Commissioner
C. Subscriber
D. Controller
Select an option to see the answer and solution.
Which one of the following is not a right of the Company Secretary:
or
A company secretary is not entitled:
A. To direct, supervise and control the activities of the department
B. To sign documents requiring authentication of the company
C. To take loan in the name of the company
D. To make representations on behalf of the company
Select an option to see the answer and solution.
One of the following statement is not connected with the liabilities of a company secretary:
A. He is liable for breach of trust
B. He is liable for willful misconduct
C. He is liable for misfeasance
D. He is liable for the pecuniary loss of the company
E. He is liable for any act done on behalf of the company when he discharges his responsibilities diligently
Select an option to see the answer and solution.
Statement I It is a pre-condition of right of stoppage in transit that seller must have parted with possession of goods.
Statement II Unpaid seller can exercise his rights of resale when goods are in his possession.
Statement III Where property in goods has been passed to the buyer, seller can file a suit against buyer for recovery of price.
Which of the above statement(s) is/are true?
A. Only I
B. Only III
C. Both I and II
D. All of the above
Select an option to see the answer and solution.
Where a person pledges goods in which he has only a limited interest, the pledge is:
A. invalid to the extent of that interest
B. entire contract is invalid
C. valid to the extent of that interest
D. entire contract is valid
Select an option to see the answer and solution.
Which section of the Competition Act, 2002 enlists abuse of dominant position?
A. Section 2
B. Section 3
C. Section 4
D. Section 5
Select an option to see the answer and solution.
Match the following.
List-I
List-II
a. 1956
1. Consumer Protection Act
b. 1986
2. Indian Companies Act
c. 1992
3. Securities and Exchange Board of India
d. 2002
4. Securitization Act
A. a-2, b-1, c-3, d-4
B. a-1, b-2, c-3, d-4
C. a-2, b-3, c-1, d-4
D. a-1, b-4, c-3, d-2
Select an option to see the answer and solution.
A bill of exchange must be . . . . . . . . by the drawee before it is presented for payment.
A. permitted
B. accepted
C. refused
D. None of these
Select an option to see the answer and solution.
Arrange the following in order of their manifestations:
1. Offer
2. Acceptance
3. Breach of contract
4. Contract
Choose the correct option from the following:
A. 1, 2, 3 and 4
B. 1, 2, 4 and 3
C. 2, 3, 1 and 4
D. 1, 4, 3 and 2
Select an option to see the answer and solution.
Which section of IT Act deals with the appointment of Controller of certifying authorities?
A. Section 5
B. Section 10
C. Section 14
D. Section 17
Select an option to see the answer and solution.
Which of the following is not come under the definition of 'information' under RTI Act, 2005?
A. Log books
B. File noting
C. Data material held in any electronic form
D. Circulars
Select an option to see the answer and solution.
What is the mandatory fee for getting information under RTI Act?
A. Rs. 20
B. Rs. 50
C. Rs. 100
D. Rs. 10
Select an option to see the answer and solution.