The Central Government has been empowered to conduct investigation into the affairs of the company under section 210 of the Companies Act 2013
A. (1) and (2) only
B. (3) and (4) only
C. (2) and (3) only
D. All (1), (2), (3) and (4)
Select an option to see the answer and solution.
In what way the doctrine of ultra vires is applied to the companies?
A. The activities should be confined within the objects as specified in the Memorandum of Association
B. The members are not allowed to file a suit on behalf of the company
C. Employees of the company must work during the office hours
D. A contract in which directors commit breach of fiduciary duty
Select an option to see the answer and solution.
Which of the following is true about an incorporated company?
A. Its life depends on the life of its members
B. Its nationality depends on the nationality of its shareholders
C. Audit is not compulsory of its account
D. As such it never dies
Select an option to see the answer and solution.
In which of the following cases, the doctrine of Indoor Management was laid down?
A. Solomon v. Solomon & Co. Ltd.
B. Ashbury Railway Carriage and Iron Co. Ltd. v. Riche
C. Foss v. Harbottle
D. Royal British Bank v. Turquand
Select an option to see the answer and solution.
It deals with the Internal Management and Affairs of company:
A. Prospectus
B. Article of Association
C. Memorandum of Association
D. Debenture
Select an option to see the answer and solution.
The provision of Companies Act, 2013 relating to application to Tribunal for prevention of oppression and mismanagement is contained in
A. Section 241
B. Section 349
C. Section 361
D. Section 344
Select an option to see the answer and solution.
For dissolution of a company, the Tribunal shall pass order
A. Immediately after winding-up order
B. When affairs of the company are completely wound up
C. At the instance of the Central Government
D. At the instance of the Company Law Board
Select an option to see the answer and solution.
According to section 2(45) of the Companies Act (as amended in 1974), a Company Secretary must possess the qualifications prescribed from time to time by the
A. Company Law Board
B. Central Government
C. Registrar of Companies
D. Parliament
Select an option to see the answer and solution.
An application for prevention of oppression and mismanagement in a company should be made to the
A. High Court
B. Central Government
C. National Company Law Tribunal
D. Registrar of Companies
Select an option to see the answer and solution.
"Company is a separate legal entity." It was laid down in
A. Royal British Bank v. Turqund case
B. Solomon and Solomon Co. case
C. Dr. Laxmanswami Mudalior v. LIC case
D. State Trading Corporation v. CTO case
Select an option to see the answer and solution.
Which two types of business structures are created via a process of incorporation?
A. Companies and sole proprietorships
B. Partnerships and limited liability partnerships
C. Companies and limited liability partnerships
D. Companies and partnerships
Select an option to see the answer and solution.
How is the net worth of a foreign Company calculated for the purpose of Corporate Social Responsibility
A. The networth will be calculated as per section 198 of Companies Act, 2013
B. It shall be calculated as per section 197 of the Companies Act, 2013
C. It shall be calculated as per section 197 and section 381 of the Companies Act, 2013
D. It shall be calculated as per section 198 and section 381 of Companies Act, 2013
Select an option to see the answer and solution.
The proper authority for convening a General Meeting of a company is the
A. Chairman of the Board of Directors
B. Managing Director
C. Board of Directors
D. Shareholders
Select an option to see the answer and solution.
The first Annual General Meeting of a Company must be held
A. Within nine months from the date of closing of the first financial year
B. Within five months from the date of closing of the first financial year
C. Within four months from the date of closing of the first financial year
D. Within three months from the date of closing of the first financial year
Select an option to see the answer and solution.
With which topic the case of Earlanger v. New Sombero Phosphate Co., is related to the Company Law?
A. Prospectus
B. Promoters
C. Directors
D. Memorandum
Select an option to see the answer and solution.
The Companies Act, 2013 has provided that in listed companies, appointment of independent directors is mandatory and the independent directors will be appointed
A. From the list provided by the Company Law Board
B. From the list of persons given by the Ministry of Law and Company Affairs
C. From the Data Bank maintained for this purpose
D. From the list of persons nominated by the shareholders of the company
Select an option to see the answer and solution.
What is the appellate authority for the order against National Company Law Appellate Tribunal?
A. District Court
B. High Court
C. Supreme Court
D. Company Board Committee
Select an option to see the answer and solution.
According to the new Companies Act, 2013, what is the minimum number of person/s required to form a Private Limited Company?
Select an option to see the answer and solution.
Which one of the following is incorrect? Any mis-statement made in the Prospectus would attract the liability of the following persons under the Companies Act:
A. Every person who is a director of the company at the time of the issue of the prospectus
B. Every person who has authorised himself to be named and is named in the prospectus either as director or as having agreed to become a director either immediately or after an interval of time
C. Every person who is a promoter of the company
D. An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus
Select an option to see the answer and solution.
No person can hold the office of the director in more than . . . . . .
A. 10 Public companies at a time
B. 15 Public companies at a time
C. 20 Public companies at a time
D. 50 Public companies at a time
Select an option to see the answer and solution.
