Company Law S.Y.B.com MCQ PDF

190 + Importance COMPANY LAW MCQ PDF

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COMPANY LAW

PART 1 :  https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html

PATT 2: https://www.surajpateleducation.com/2021/02/company-law-mcq-questions-and-answers.html

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51. Which of the following company is incorporated in a country outside India?
A. Private Company
B. Foreign Companies
C. Government Company
D. None of the above
ANS : B
 
52. Which of the following statement is false?
A. No legal formality is required to form a company.
B. The shareholders of a company have limited liability.
C. A company can own property in its own name.
D. A company is managed by the elected representatives of shareholders.
ANS :  A
 
53. If a company which is formed with unlimited liability wants to convert to limited liability
then it should pass
A. Ordinary resolution
B. Special resolution
C. No need
ANS : B
 
54. Maximum capital of private company is
A. 50 Lakhs
B. 1 Crore
C. 1.5 Crore
D. Unlimited.
ANS : C
 
 
55. Transfer of shares in case of private company is
A. Prohibited
B. Restricted
C. Freely transferable
D. None of these
ANS : B
 
56. Invitation to public offering shares or debentures in case of private company
A. Prohibited
B. Restricted
C. Acceptable
D. None of these
ANS : A
 
57. How many members should sign the MOA in case of public company ________
A. 1
B. 3
C. 5
D. 7
ANS : D
 
58. How many members should sign the MOA in case of private company ________
A. 1
B. 2
C. 3
D. 4
ANS : B
 
59. Which of the following are the functions of a promoter?
A. Decides name of a company
B. Nomination of directors
C. Settles the details of memorandum and articles
D. All of these
ANS : A
 
60. The whole process of the company formation may be divided into three direct stages, the
sequence
A. Promotion, incorporation by registration, commencement of business.
B. Incorporation by registration, commencement of business, promotion.
C. Commencement of business, promotion, incorporation by registration.
D. Commencement of business, incorporation by registration, promotion.
ANS : A
 
61. _______stands in the fiduciary position of the company
A. Directors
B. Promoters
C. Auditors
D. None of the above
ANS : B
 
62. ______ are the contracts entered into by promoters on behalf of a prospectus company.
A. Provisional contracts
B. Pre-Incorporation contracts
C. Preliminary contracts
D. Both a) & b)
ANS : D
 
63. Contracts made after incorporation but before the grant of Certificate of commencement
Of Business _____
A. Provisional contracts
B. Preincorporation contracts
C. Preliminary contracts
D. Both (b) & (c)
ANS : C
 
 
64. In how many days did the company have its registered office after incorporation
A. 10
B. 20
C. 30
D. 40
ANS : C
 
65. Under which sec. if company fails to commence its main object the court may order
winding up
A. 403 (f)
B. 413 (f)
C. 423 (f)
D. 433 (f)
ANS : D
 
66. Signature of memorandum and articles should be done by ___________ number of
persons in case of public company
A. 7
B. 5
C. 4
D. None of these
ANS : A
 
67. Signature of memorandum and articles should be done by ___________number of
persons in case of private company
A. 3
B. 4
C. 2
D. None of these
ANS : C
 
68. Pre-incorporation contract is also known as _________
A. Provisional
B. Preliminary
C. illegal
D. Legal
ANS : B
 
69. A public company can borrow money ___________
A. before incorporation
B. Soon after incorporation
C. after issuing a proposal
D. after obtaining certificate to commerce business.
ANS : D
 
70. A private company can borrow funds
A. after incorporation
B. after obtaining certificate to commerce business
C. after holding first annual general meeting
D. None of the above
ANS : A
 
71. Which of the following is not true. RBI is an example of a statutory company
B. Suit can be maintained in the name of a company
C. LIC is an example of registered company
D. The persons who form the company are called promoters
ANS : C
 
72. The company’s nationality is decided by its
A. Shareholders
B. Registered office
C. Place at books of accounts are kept
D. None of the above
ANS : B
 
73. The liability of members if company is limited by guarantee.
A. Unpaid value of shares
B. Guarantee amount
C. Unlimited liability
D. None of the above
ANS : B
 
74. The registered office clause of memorandum of association contains
A. The name of the state in which the registered office of the company is to be situated.
B. The name of the city/town only and not that of the state.
C. The name of registrar of companies
D. The complete postal address.
ANS : A
 
75. Which documents contains the constitution of a company?
A. Memorandum of Association
B. Articles of Association
C. Both (a) and (b)
D. None of these
ANS : A

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