Company law mcq questions and answers pdf

 

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1. Under which sec. a private company can automatically converted into a public company

______

A. 34

B. 43

C. 53

D. 35

ANS : B

2. Central Government permission is required in case of _______ conversion __________

A. Private to public

B. Public to private

C. Both (a) or (b)

D. None of the above

ANS : B

 

3. All money received in the form of application money can be used for business activities

A. Yes

B. No

ANS : B

4. Allotment of shares or debentures must be made after getting ____________ subscription

against entire public issue as per SEBI guidelines.

A. 80%

B. 90%

C. 100%

D. None of these

ANS : B

 

5. If the refunds are delayed by more than 10 days after this period. The directors become

liable to repay the money with how much interest as per SEBI Guidelines.

A. 10%

B. 15%

C. 20%

D. None of these

ANS : B

 

6. Every Company who want to go for public issue and allot shares, they should make an

applicant to stock exchange

A. Yes

B. No

ANS : A

 

7. If the permission has not been granted or not applied for permission for listing through

stock exchange. The allotment of shares will be void in case of public company

A. Yes

B. No

ANS : A

 

8. If the company has not received permission for listing from stock exchange and Repayment of amount delayed by more than 8 days the minimum interest should be paid is

A. 4%

B. 3%

C. 2%

D. none of these

ANS : A

 

9. From the above how much will be maximum interest

A. 10%

B. 12%

C. 15%

D. None of these

ANS : C

 

10. After the expiry of how much time the company must think that the permission was not

granted

A. 11 weeks

B. 12 weeks

C. 10 weeks

D. None of these

ANS : C

 

11. As per SEBI guidelines the application money should be minimum of ________

A. 10

B. 15

C. 20

D. 25

ANS : D

 

12. One of the conditions, in addition to others, for allotment of shares is :

A. Resolution in General Meeting

B. Receiving Minimum Subscription

C. Full Subscription by Public

D. Full Payment on Application

ANS : B

 

13. Forfeiture of shares results in the reduction of:

A. Subscribed Capital

B. Authorised Capital

C. Reserve Capital

D. Fixed Assets

ANS : A

 

14. Which one of the following items is not a part of subscribed capital?

A. Equity Shares

B. Preference Shares

C. Forfeited Shares

D. Bonus Shares

ANS : C

 

15. At the time of forfeiture of shares the share capital account is debited with

A. Face value

B. Called up value

C. Paid up value

D. Issued value

ANS : B

 

16. Voluntary return of shares for concellation by the shareholders is called

A. Cancellation of shares

B. Forfeiture

C. Surrender of shares

D. None of these

ANS : C

 

17. If the Premium on the forfeited shares has already been received, then Securities

Premium A/c should be

A. Credited

B. Debited

C. No treatment

D. None of these

ANS : C

 

18. Balance of share forfeiture account is shown in the balance sheet under the head

……………

a. Share Capital Account

b. Reserve and Surplus

c. Current Liabilities and Provisions

d. Unsecured Loans

ANS : A

 

19. The term company is defined under which sec of the Act?

A. Sec 3(1)

B. Sec4 (2)

C. Sec2 (4)

D. Sec1 (3)

ANS : A

 

20. Property of the company belongs to_______

A. Company

B. Share holders

C. Members

D. Promoters

ANS : A

 

21. A company is named as govt. company if it is holds ______% of paid up share capital

A. more than 30

B. more than 40

C. more than 50

D. None

ANS : C

 

22. Which companies are exempted to add “Ltd” or “Pvt Ltd” at the end of their name

A. Private

B. Govt

C. Defunct

D. Association not for profits

ANS : D

 

23. If XYZ is the holding company of P&R Ltd. then, which of the following

statement is not true in this regard.

A. XYZ Ltd. controls the composition of Board of P&R

B. XYZ Ltd. holds more than 50% of the nominal value of the equity shares

C. Both (a) & (b)

D. None of the above

ANS : D

 

24. which of the following company/companies are registered by the Companies Act, 2013?

A. Government Company

B. Private Company

C. Public Company

D. All of the above

ANS : D

 

25. A subsidiary of a government company is also treated as a

A. Government Company

B. Public Company

C. Private Company

D. All of the above

ANS : A

 

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