MCQSs Company S

"Company" is derived from the Latin word 'com', meaning 'together', and 'panis'--
another Latin word, meaning 'bread'. Coming together to make Bread
1. Mr. H wants to incorporate One Person Company individually. Can he do so?

a. Yes
b. No
c. Central Government permission required
d. Registrar of Companies permission needed
Ans A
2. Mr. cyber is a truck driver formed company for testing trucks. The name of the
company is Sharp Ltd. Mr. Cyber was also an employee having a contract of
compensation with Sharp Ltd. in case of damage to him or his life. At one day Mr.
Cyber drove a truck and went into accident with bicycle and lost his life. Now his
widow want to claim compensation from Sharp Ltd. Whether wife of the Cyber
can receive the compensation from the company?
a. Yes
b. No
c. no sufficient data
d. Partly No
Ans A
3. BN Limited Company, desirous for inviting the public for subscription of its
issue. Can the Company do so?
a. Yes
b. No
c. SEBI approval needed
d. Partly No
Ans A
4. As per Section 2(68) of the Companies Act, 2013, Subsidiary Company in
relation to any other company means a company in which the holding company
———–.
a. Controls the composition of the board of directors
b. Exercises or controls more than one – half of the total voting power either at its
own or together with one or more of its subsidiary companies
c. Either a or b
d. None of these
Ans C
5. H Ltd. holds more than 52% voting rights of S Ltd., Whether S Ltd. is a
subsidiary of H Ltd.?
a. Yes
b. No
c. No sufficient data
d. Can’t say
Ans A
6. K Ltd. Controls the composition of the board of directors of H Ltd., whether H
Ltd. is a subsidiary of K Ltd.?
a. Yes
b. No
c. No sufficient data
d. Can’t say
Ans A
7. As per Section 2(4) of the Companies Act, 2013, ————— Company means a
company in which other company has a significant influence (control of at least
20% of total voting power), but which is not a subsidiary company of the company
having such influence
a. Associate
b. Holding
c. Subsidiary
d. Joint Venture
Ans A
8. As per Section 2(45) of the Companies Act, 2013, Government Company means
any company in which not less than 51% of the paid up share capital is held by
———–
a. By the Central Government
b. By any state Government or Governments
c. Partly by the Central Government and partly by one or more state
Governments
d. All of the above
Ans D
9. As per Section 2(45) of the Companies Act, 2013, Government Company means
any company in which not less than 51% of the paid up share capital is held by the
Central Government only. True or false.
a. Right
b. Wrong
Ans B
10. N is public limited company in which 52% of paid up share capital held by
Central Government, whether N limited is government company as per Section
2(45) of the Companies Act, 2013.
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans A
11. ABC is public limited company in which 52% of paid up share capital held by
State Government, whether ABC limited is government company as per Section
2(45) of the Companies Act, 2013.
a. Yes
b. No
c. Partly Yes
d. Insufficient data
Ans A
12. XYZ is public limited company in which 30% of paid up share capital held by
Central Government and 30% of the paid share capital held by State Government,
whether XYZ limited is government company as per Section 2(45) of the
Companies Act, 2013.
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans A
13. Whether Foreign LLP are also considered under Foreign Company under the
Companies Act, 2013
a. Yes
b. No
c. Partly yes
d. No correct option
Ans A
14.Whether shares held in fiduciary capacity are to be counted for making
company a subsidiary?
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans A
15. Whether shares held by virtue of provisions of any debentures are to be
counted for making company a subsidiary?
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans A
16. What will be the status of the Private Company which is subsidiary of the
foreign Company?
a. Private Company
b. Public Company
c. Option a or b
d. Can’t say
Ans A
17. ABC Private Limited is subsidiary of the PQR Company which is foreign
Company, can ABC Private Limited company considered as Private Limited?
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans A
18. According to Section 2(35) of the Companies Act, 2013, Foreign Company
means any company or body corporate incorporated outside India which———–
a. Company or body corporate incorporated outside India and majority of
shareholders are out of India
b. Conduct any business activity in India in any manner
c. Has a place of business in India whether by itself or through agent, physically or
through electronic mode
d. All of the above
Ans D
19. If the foreign Company have place of business in India but does not conduct
the business from such place, whether that Company is considered as Foreign
Company according to Section 2(42) of the Companies Act, 2013?
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans B
20. The subsidiary Company hold shares in the holding company before the
holding company becomes the holding company of such subsidiary. True or False.
a. True
b. False
c. Partly True
d. Partly False
And A
21. The company can take away ownership from management?
a. Yes
b. No
c. Partly Yes
d. Partly No
Ans A
22. The investor need not enter in to day to day transaction of the Company or
management of the Company. True or false.
a. True
b. False
c. Partly True
d. Can’t say
Ans A
23. The Company is an artificial judicial person, it is not a natural person. True or
False.
a. True
b. False
c. Partly True
d. Can’t say
Ans A
24. The Company has to right to enter into contract on its own name. True or
False
a. True
b. False
c. Partly True
d. Partly False
Ans A
25. The term Public Company is defined under which Section of the Companies
Act, 2017?
a. Section 2 (52)
b. Section 2 (10)
c. Section 2 (68)
d. Section 2 (42)
Ans A
Which of the following statements is not true?

(a) A company is an artificial person created by law.
(b) A company can do every act like a natural person except the acts which are
purely of personal nature.
(c) A company can be held liable for violation of the statutory provisions of the
Companies Act.
(d) A company can be imprisoned for violation of such provision which attract
penalty by way of imprisonment only.
Answer: D
2. Which of the following is not the characteristic of a public company?
(a) It has a separate legal entity.
(b) It has a perpetual succession.
(c) It has a common seal and separate property.
(d) Its shares are non transferable.
Answer. D
3. A and B were the only members of a company who died in a road accident. In
this case, the company comes to end on the death of A and B.
(a) True (b) False (c) Partly True (d) Partly False
Answer: B
4. A company being a legal person is also a citizen under the Constitution of India
Answer: B
5. A statutory company or corporation is one which is incorporated
(a) By an Act of Parliament
(b) By an Act of State Legislature
(c) Under the Companies Act, 2013
(d) By either (a) or (b)
Answer – D
6. In case of a company limited by guarantee, the liability of the members can be
enforced
(a) At any time when the company so decides
(b) Only at the time of winding up of the company
(c) Only by an order of court
(d) Only by an order of Registrar of Companies
Answer: B
7. A Government Company is one in which 51% or more of the paid up share
capital is held by
(a) Central Government alone
(b) State Government alone
(c) Central and State Government jointly
(d) Any of the above
Answer: D
8. At the time of registration the filing of Articles of Association with the Registrar
of Companies is compulsory for
(a) Private companies, unlimited companies and companies limited by guarantee
(b) Unlimited companies only
(c) Companies limited by shares only
(d) All types of companies
Answer: A
9. If at the time of registration, a company limited by shares does not file Articles
of Association with the Registrar, then
(a) The company cannot be registered without this document
(b) The company is deemed to be adopted Table F”
(c) The company is deemed to have become a company with unlimited liability
(d) The directors become liable to be punished with fine at the rate of 250 for each
day during which the default continues
Answer: B
10. On 14th July, the Registrar of Companies issued a Certificate of
Incorporation, but it was dated 10th July instead of 14th July. From which
date the company will legally come into existence?
(a) 10th July (b) 14th July
(c) 31stJuly (d) None of these
Answer: A
11. A company comes into existence when
(a) the memorandum of association is signed by the required number of members.
(b) the memorandum of association’ is submitted for registration to the Registrar of
Companies.
(c) lt is registered under the Companies Act, 2013.
(d) It establishes its registered office and starts functioning there form.
Answer: C
12. A company formed for the promotion of commerce, art, science. religion,
charity etc. may not use the word limited at the end of its name, even if it is a
limited company.
Answer: A
13. 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.
Answer: A
14. The Object clause of Memorandum of Association must be divided into two
Sub Clauses, namely (i) main objects clause, and (ii) object in
furtherance of main object clause.
Answer: A
15. which of the following statements is correct ?
(a) In limited companies, the liability of members holding fully paid up shares is
nil.
(b) In companies limited by guarantee, the liability of members is limited to the
amount which they have agreed to pay.
(c) Both (a) and (b) are correct. (d) None of these is correct.
Answer: C
16. For which of the following companies it is not obligatory to have Articles of
Association ?
(a) Public Companies Limited by Shares
(b) Public Companies Limited by Guarantee
(c) Private Limited Companies
(d) Unlimited Companies
Answer: A
17. Which of the following statements is correct ?
(a) The memorandum and articles’ are binding on the members in their relation to
the company.
(b) The memorandum and articles are binding on the company in their relation to
the members.
(c) None of these is true
(d) Both of these are true
Answer: D
18. Company’s memorandum and articles are public documents.
Answer:A
19. In case ‘memorandum and ‘articles’ are inconsistent, then which shall prevail
over the others ?
(a) Memorandum of Association
(b) Articles of Association
(c) The one approved by Registrar
(d) None of these
Answer: A
20. A public company having a share capital can start its business on obtaining
(a) Certificate of incorporation and approval of Company Law Board.
(b) Certificate to commence business and approval of Company Law Board.
(c) ‘Certificate of Incorporation
(d) Approval of High Court.
Answer: B
21. Company has ————–succession.
(a) Longer
(b) Continued
(c) Perpetual
(d) Limited
Answer: c
22. If company do not follow the principle of separate legal entity——————
can be done.
(a) Lifting of corporate veil (b) Principle of equity
(c) Principle of natural justice (d) All of above
Answer: A
23. Total managerial remuneration in a public company cannot be ———of net
profit.
(a) 10% (b) 11%(c) 18% (d) 11.5%
Answer. B
24. Audit of Government Company is done by C & AG. This statement is:
(a) True (b) False
(c) Partly True I (d) Partly False
Answer: A
25. Any Corporate Body/Association of Firm can be appointed as director of the
company. This statement is:
(a) True (b) False
(c) Partly True (d) Partly False
Answer: B
Section 12 of Companies Act 1956, deals with
a. Incorporation b. Share capital c. Number of Directors

d. Share holders
Ans. a
2. Minimum number of members required to apply for incorporation certificate in a

public ltd company is
a. 3 b. 2 c. 7 d. 50
Ans. C
3. The application for registration of a company should be presented to the

registrar of the state in which the _______________ of the company is to be
situated
a. Manufacturing plant b. first branch c. business office
d. any of the above.
Ans. c
4. The application for registration of a company should be presented to the

_______________ of the state appointed under Companies Act 1956
a. Controller b. registrar c. Governor d.

registration officer
Ans. b
5. Number of documents to be submitted, by a public ltd company, to the registrar

while applying for incorporation of the company is
a. 3 b. 2 c. 7 d. 50
Ans. C
6. The address of the registered office of the company must be notified to the
registrar within _________ days of registration, if it is not done at the time of
incorporation
a. 15 b. 30 c. 60 d. 45
Ans. b
1) Converting a public company into a private company requires a

special resolution.
(A) Passed by the members and with sanction of the central Government.

(B) Passed by the members and approved by the Registrar of companies.
(C) Passed by the members and approved by the company Law Tribunal.
(D) Passed by the members and approved by the auditors.
2) In which of the following conditions, a company will be reckoned a
foreign company?
(A) If the company is established outside India and has a place- of business in
India.
(B) A company incorporated outside India having shareholders who are all Indian
citizens and having its business outside India.
(C) A company incorporated in India but having all foreign shareholders.
(D) Both (a) and (b).
3) Legal position of a promoter of a company is.
(A) That of an agent.
(B) That of a trustee.
(C) That of a solicitor.
(D) In a fiduciary capacity.
7. Among the following which documents are not mandatory to be submitted to the
registrar along with incorporation application by a private company.
a. Address of Registered office & undertaking b. Undertaking and

statement of capital
c. statement of capital & list of directors d. list of directors and
statement of capital
Ans. A
8. A statement of nominal capital must be given at the time of incorporation by the

company when the share capital is less than
a. 50 Lakh b. 1 crore c. 10 Lakh d. 25 Lakh
Ans. d
9. If the proposed nominal capital is more than 25 lakh at the time of incorporation
then the company needs to submit ________________ along with the application
a. statement of capital b. certificate of incorporation
c. certificate of capital d. certificate of incorporation
Ans. C
10. The certificate of capital will be issued by
a. Registrar of companies Act b. Controller of companies

Act.
c. Registrar of capital issues d. controller of capital issues
Ans. d
11. The articles of association needs to be signed by
a. all proposed directors b. registrar c. subscribers of

memorandum d. none of the above
Ans. c
12. The company will be considered as separate person and different from its
members from the date (when the) _____________
a. start of business b. Apply for registration
c. receive incorporation certificate d. mentioned in certificate
Ans. d
13. Number of clauses in Memorandum of Association is
a. 5 b. 6 c. 7 d. 8
Ans. b
14. Which of the following is not a clause of memorandum of association

a. situation b. capital c. subscription d. directors
Ans. d
15. If a company is instructed to change its name which resembles the name of an
existing company then the company can change the name by
a. Passing a special resolution b. obtaining permission

from central government
c. Passing an ordinary resolution d. Both a & b
Ans. C
16. Which of the following clause of Memorandum of Association cannot be

altered
a. Name b. Object c. situation d. liability
Ans. D
17. When the registered office of a company is changed within a city then it has to
be intimated to the registrar within ________ days of such change
a. 60 b. 45 c. 30 d. 7
Ans. C
18. “Men may come and men may go but the company exist”- this explains which
characteristics of the company as per companies Act 1956
a. Separate legal entity b. Perpetual Succession c. Capacity

to sue d. None of the above
Ans. B
19. The liability of the members of the company can be limited by

a. Share b. Guarantee c. Both a & b d. Neither a
nor b
Ans. C
20. The shares of a _______________ company can be freely transferable
a. Private ltd b. Public ltd c. Partnership d. all

of the above
Ans. B
21. _________ are the company created by special act of the legislature
a. Registered company b. Public Ltd Company c. Private ltd

company d. Statutory company
Ans. d
22. A private company means a company which has a minimum paid up capital of
Rs.————-
a. 1,00,000 b. 5,00,000 c. 50,00,000 d. none of

the above
Ans. a
23. A private company means a company which has a minimum paid up capital of
Rs.————-
a. 1,00,000 b. 5,00,000 c. 50,00,000 d. none of

the above
Ans. B
24.___________ cannot give invitation to the public to subscribe for any shares in
or debentures of the company
a.Subsidiary company b. Statutory Company c. Private

company d. Registered company
Ans. c
25. A Government Company means any company in which not less than 51% of
the paid-up share capital is held by
a. Central Government b. State government c. Both a & b

d. Neither a nor b
Ans. c
26. . A copy of the ________________ must accompany each from of application

for shares offered to the public.
a. Memorandum of association b. Prospectus
c. Articles of association d. None of the above
Ans. b
27. If the company can make arrangements for raising the capital privately so that
pubic appeal is unnecessary, the company is required to prepare a
_________________
a. Prospectus b. statement in lieu of Prospectus c. certificate of

Prospectus d. none of the above
Ans. b
28. The Prospectus must be issued to the public within ______________ days of
its date
a. 30 b. 60 c. 90 d. 100
Ans. c
29._______________ capital means the sum mentioned in the capital clause of

Memorandum of Association
a. Full capital b. Maximum capital c. share capital

d. Nominal Capital
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Ans. d
30. Par value of shares means the __________ value of the shares
a. Actual b. face c. Market d. dividend
Ans. b
31. The dividend payable to ___________ share holders is payable on fixed figure
or percent
a. Equity b. non preference c. Preference d. all

of the above
Ans. c
32._____________ share capital has priority both in repayment of dividend as well

as capital.
a. Equity b. non preference c. Preference d. all

of the above
Ans. c
33__________ means the total amount of called up share capital which is actually
paid to the company by the members
a. nominal capital b. reserve capital c. called up capital

d. Paid-up capital
Ans. d
34. __________ means the total amount of called up capital on the shares issued
and subscribed by the shareholders on capital account.
a. Called-up capital b. subscribed capital c. nominal capital
d. Paid-up capital
Ans. a
35. For example Par value is Rs10 and it is issued at Rs15 then Rs5 is the
___________ amount
a. Profit b. Market value c. dividend d.

premium
Ans. d
36. Powers, rights, remuneration, qualification and duties of directors are discussed
clearly in
a. Memorandum of Association b. Articles of Association c. Prospectus d. none of

the above
Ans. b
37. A company is known as the _______company of another company if it has

control over that other company.
a. subsidiary b. holding c. controlling d.

statutory
Ans. b
38. A person cannot hold directorship in more than ____ public companies
a. 3 b. 10 c. 20 d. 7
Ans. 20
39.Private company prohibits any invitation or acceptance of deposits from persons

other than its ___________
a. Members b. directors c. Partners d. banks
Ans. a
40. The company needs to obtain prior permision from central government when it
changes the address of its registered office from
a. one city to another city b. with in the same city
c. one state to another d. one country to another country
Ans. c
1. The capital of a company is represented by its

(A) shares
(B) properties
(C) balance sheet
(D) profit
2. What is meant by “doctrine of corporate personality”?

(A) A company is a sole trader
(B) A company is a Partnerships
(C) A company is a legal person
(D) A company means its owners
3. The word “limited” in the name of a company points the fact of limited
(A) assets
(B) liability
(C) profit
(D) business
4. According to Section 2(49) of the Corporate Law (also called Company Law),
which from the following are private companies?
I. Single Member Company
II. Private Company
III. Public Unlisted Company
(A) I only
(B) II only
(C) I and II only
(D) I, II and III’
5. As per Corporate Law, the maximum number of members of a Private Company
(other than single member company) is
(A) 20
(B) 30
(C) 40
(D) 50
6. According to Company Law, Public Companies are of _____ type(s).

(A) 1
(B) 2
(C) 3
(D) 4
7. Company-B shall be considered as a holding (or a subsidiary) company of the

Company-A if:
I. Company-A owns more than 50% of the voting shares of Company-B
II. Company-A controls the composition of board in Company-B
(A) I only
(B) II only
(C) I or II
(D) I and II
Transmission is effected by
(a) Sale
(b) Death
(c) Insolvency
(d) Both (b) & (c)
Ans. (d)
Ques. Which of the following can be used for buy back of shares
(a) Free reserves
(b) Securities premium
(c) Proceeds of fresh issue of shares
(d) All of the above
Ans. (d)
Ques. Deposits should issued with in__________ weeks from the date of receipt of
money.
(a) 2
(b) 4
(c) 6
(d) 8
Ans. (d)
Ques. There is no need to held statutory meeting in case of Government company?
(a) Yes
(b) No
Ans. (a)
Ques. Public company can allot shares without receiving minimum subscription?
(a) Yes
(b) No
Ans. (b)
Ques. For every special resolution passed the form attached should be
(a) Form no.32
(b) Form no. 18
(c) Form no.23
(d) None of these
Ans. (c)
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Ques. Buy back securities should be physically destroyed with
in_____________ days
(a) 7
(b) 17
(c) 21
(d) 28
Ans. (a)
Ques. After buy back company can’t issue the same kind of shares
for____________ months
(a) 6
(b) 12
(c) 18
(d) 24
Ans. (a)
Ques. If minimum subscription is not received application money should be
refunded with in _____ days
(a) 20
(b) 25
(c) 30
(d) 10
Ans. (d)
Ques. Information memorandum + shelf prospectus together constitutes_____
(a) Memorandum
(b) Articles
(c) Prospectus
(d) None of the above
Ans. (c)
Ques. In the event of appointing a proxy joint holders shall sign the proxy form
(a) Singularly
(b) Jointly
(c) None of the above
(d) both (a) & (b)
Ans. (b)
Ques. Balance in securities premium A/c should be utilized for declaring
dividends.
(a) Yes
(b) No
Ans. (b)
Ques. In case of alternation of AOA to deletion or insertion of provisions defining
private company shall
be passed by resolution through postal ballot.
(a) Yes
(b) No
Ans. (a)
Ques. While calculating Direct tax payable u/s 7 of the payment of Bonus Act.
Which of the following.
Should not be considered?
(a) Exemption under I.T. Act
(b) Deduction under I.T. Act
(c) Loss carried forward
(d) All of the above
Ans. (d)
Ques. Minimum number of members in case of private company is
(a) 1
(b) 2
(c) 3
(d) 4
Ans. (b)
Ques. Maximum no .of members in case of public company is
(a) 0
(b) unlimited
(c) 50
(d) 100
Ans. (b)
Ques. What is minimum bonus u/s 10 of the payment of Bonus Act
(a) 8.3% or Rs. 100 ↓
(b) 8.33% or Rs. 100↓
(c) 8.33% or Rs. 60↓
Ans. (a)
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Ques. The liability of members if company is limited by guarantee.
(a) Unpaid value of shares
(b) Guarantee amount
(c) Unlimited liability
Ans. (b)
Ques. Which one of the following has a right to claim compensation for any loss
due to mis-statement in prospectus
(a) Purchasing shares in Primary Market
(b) Secondary Market
(c) Subscribers to memo
(d) All the above
Ans. (a)
Ques. Is a document showing title
(a) Share certificate
(b) Share warrant
|(c) Both (a) & ((b)
Ans. (c)
Ques. Extension of time limit is possible only in which of the following?
(a) Shares
(b) Debentures
(c) Both (a) & (b)
Ans. (b)
Ques. ______ years of imprisonment will be imposed in case of issue of
prospectus with untrue statements
(a) 1
(b) 2
(c) 3
(d) 4
Ans. (b)
Ques. The liability of members if company is limited by shares
(a) Unpaid value of shares
(b) Guarantee amount
(c) Unlimited liability
Ans. (a)
Ques. In case of company opting for buy back of own shares. It should pass
resolutions through postal ballot
(a) Yes
(b) No
Ans. (a)
Ques. In case of a company going for public issue premium can be declared by
BOD.
(a) Yes
(b) No
Ans. (b)
Ques. 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)
Ques. Forfeiture can be made only if it is authorized by ______
(a) AOA
(b) MOA
(c) ROC
(d) C.G
Ans. (b)
Ques. Name of the member is struck off from the register in case of____________
(a) Issue of share certificate
(b) Share warrant
(c) Forfeiture
Ans. (b)
Ques. 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)
Ques. A company can become a members of another company if it is so authorized
by______
(a) MOA
(b) AOA
(c) Both (a) & (b)
Ans. (a)
Ques. Validity period of information memorandum is___________
(a) 1 year
(b) 2 years
(c) 3 years
(d) 4 years
Ans. (a)
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Ques. Liability of a member in case of a private company is
(a) Limited
(b) Unlimited
(c) Both (a) or (b)
Ans. (c)
Ques. Generally Company liability is
(a) Limited
(b) Unlimited
(c) Situation does not arise
Ans. (a)
Ques. Can private company go for public issue?
(a) Yes
(b) No
Ans. (b)
Ques. Can a company sign on behalf of a person in memorandum and articles
(a) Yes
(b) No
Ans. (a)
Ques. X, is a director of X Company and X is also a director of Y Company this
means X Co. and Y Co. both are same
(a) True
(b) False
Ans. (b)
Ques. Members of a company can enter contract with the company
(a) True
(b) False
Ans. (a)
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Ques. Can a Minor be a subscriber
(a) Yes
(b) No
Ans. (b)
Ques. Can private company accept deposits from the public?
(a) Yes
(b) No
Ans. (b)
Ques. Generally partnership firm liability is
(a) Limited
(b) Unlimited
Ans. (b)
Ques. Central Government permission is required in case of_____ conversion____
(a) Private to public
(b) Public to private
(c) Both (a) or (b)
Ans. (b)
Ques. How many members should sign the MOA in case of private
company_____________
(a) 1
(b) 2
(c) 3
(d) 4
Ans. (b)
Ques. In case minimum subscription is not received and refund is delayed____ %
of interest to be paid by the company.
(a) 5
(b) 6
(c) 7
(d) 8
Ans. (b)
Ques. Paying back of capital is called
(a) Redemption
(b) Conversion
(c) Participation
(d) None
Ans. (a)
Ques. Proxies cannot vote on_________
(a) Show of hands
(b) Poll
(c) Both (a) & (b)
Ans. (a)
Ques. Share holders are
(a) Owners
(b) Creditors
(c) Debtors
Ans. (a)
Ques. To Apply EPF Act in which more than or equal to ____ employed
(a) 20
(b) 15
(c) 10
(d) None of these
Ans. (a)
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Ques. While Calculating 20 employee salary above 6500 shall not be included
(a) Yes
(b) No
Ans. (a)
Ques. Minimum number of members in case of public company
(a) 1
(b) 2
(c) 5
(d) 7
Ans. (d)
Ques. Maximum no. of persons in case of partnership banking business
___________
(a) 10
(b) 20
(c) 30
(d) 5
Ans. (a)
Ques. Minimum no. of Directors in case of private company is __________
(a) 1
(b) 2
(c) 3
(d) 4
Ans. (b)
Ques. XYZ Company conducted an AGM on 8tht August.2016. On that day due to
fire accident in the hall.
All shareholders died. Will the company will be in existence.
(a) Yes
(b) No
Ans. (a)
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Ques. If the company failed to refund application money with in 130 days from the
date of issue of
prospectus on non-receipt of minimum subscription who will be personally liable.
(a) Company
(b) Directors
(c) Shareholders
(d) None of these
Ans. (b)
Ques. Can the partners enter into the contract with the firm?
(a) Yes
(b) No
Ans. (b)
Ques. Basic wages as per EPF Act will not include the cash value of any food
concessions
(a) True
(b) False
Ans. (a)
Ques. Basic wages as per EPF Act does not include D.A.
(a) True
(b) False
Ans. (a)
Ques. X Company is holding majority of shares in Y company. Will X and Y
companies will be the same.
(a) Yes
(b) No
Ans. (b)
Ques. 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)
Ques. Contribution shall be made by the employer is ____________ of basic
wages and D.A allowance and retaining
(a) 12%
(b) 10%
(c) 15%
(d) None of these
Ans. (a)
Ques. Contribution made by employer towards EPF fund shall be deducted from
employee wages
(a) True
(b) False
Ans. (b)
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Ques. In addition to the contribution employer has to pay ______________ % of
wages as inspection charges
(a) 0.19%
(b) 0.18%
(c) 0.17%
(d) None of these
Ans. (b)
Ques. _______ % of shares should be held by a company in another company so
as to become subsidiary
(a) more than 50
(b) more than 40
(c) more than 30
(d) more than 20
Ans. (a)
Ques. In case of Non -Profit making Companies books of accounts are required to
be preserved for _____ years
(a) 2
(b) 4
(c) 6
(d) 8
Ans. (b)
Ques. Basic wages as per EPF Act include HRA
(a) True
(b) False
Ans. (b)
Ques. Basic wages as per EPF Act include Time wages and piece rate wages.
(a) True
(b) False
Ans. (a)
Ques. Accepting of deposits from public in case of private company is
(a) Prohibited
(b) Restricted
(c) Acceptable
(d) None of these
Ans. (a)
Ques. XYZ Co, is having 10% share capital held by another Public Company and
35% held by Central
Government and 55% held by people then that Company is
(a) Government Company
(b) Private Company
(c) Public Company
(d) None of these
Ans. (c)
Ques. XYZ Co, is having 15% share capital held by X Company and 50% held by
Central Government and 10% held by State Government and 25% held by other
people then that company will be
(a) Government Company
(b) Private Company
(c) Public Company
(d) None of these
Ans. (a)
Ques. Sec.25 Companies should pay stamp duty for registering MOA and AOA.
(a) Yes
(b) No
Ans. (b)
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Ques. XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred shares.
The issue is valid or void
(a) Valid
(b) Void
Ans. (b)
Ques. Stamp duty on registration of the company is payable based
on____________ capital.
(a) Nominal
(b) Authorized
(c) Both (a) & (b)
(d) None
Ans. (c)
Ques. ____ are the shares issued by the company to it employees or directors for
consideration other than cash
(a) Bonus
(b) Sweat
(c) Right
Ans. (b)
Ques. ________ resolution should be passed by the company to offer shares to
outsiders
(a) Special resolution
(b) Ordinary resolution
(c) C.G
Ans. (a)
Ques. For reducing its share capital it should give notice to whom?
(a) Debtors
(b) Creditors
(c) Both (a) & (b)
Ans. (b)
Ques. NCLT came into force instead of company Law Board from
(a) June 4 th
(b) May 4 th
(c) June 5 th
(d) None of these
Ans. (a)
Ques. How many members should sign the MOA in case of public
company________
(a) 1
(b) 3
(c) 5
(d) 7
Ans. (d)
Ques. Private company can start business only after getting certificate of
(a) Incorporation
(b) Commencement of business
(c) None of these
Ans. (a)
Ques. The doctrine of indoor management is an_________ to the doctrine of
constructive notice
(a) Exception
(b) Extension
(c) Alternative
Ans. (b)
Ques. Companies are now allotted a_________ in addition to their name
(a) PAN
(b) SIN
(c) PIN
(d) CIN
Ans. (d)
Ques. In how many days did the company have its registered office after
incorporation
(a) 10
(b) 20
(c) 30
(d) 40
Ans. (c)
Ques. 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)
Ques. MOA should be in form_______ in case of company limited by guarantee
not having share
capital
(a) Table A
(b) Table B
(c) Table C
(d) Table D
Ans. (c)
Ques. In the MOA there are 6 classes. We can alter all clauses expect one clause.
What is that clause?
(a) Objects clause
(b) Name clause
(c) Association clause
(d) None of these
Ans. (c)
Ques. If any body wants to file a case against the company they should file at what
place _____
(a) Company
(b) Registered Office
(c) BOD
(d) Books of accounts
Ans. (b)
Ques. Ultra vires loans granted by the company are
(a) Void
(b) Voidable
(c) Valid
Ans. (a)
Ques. conceives the idea of the business
(a) Promoters
(b) Directors
(c) Auditors
Ans. (a)
1. Minimum Number of Members in case of public company______

A. 1
B. 2
C. 5
D. 7
ANS : D
2. Minimum Number of Members in case of private company is
A. 1
B. 2
C. 3
D. 7
ANS : B
3. Maximum no of Members in case of Private Company is
A. 50
B. 100
C. 150
D. 200
ANS : D
4. Maximum no of Members in case of public company is
A. 0
B. unlimited
C. 50
D. 100
ANS : B
5. Transfer of Shares in the Company is
A. Restricted
B. Freely transferable
C. Prohibited
D. None of these
ANS : B
6. 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
7. In case of Appointment of Directors ____ form is to be Õled
A. 29
B. 32
C. 18
D. 1
ANS : A
8. ____ is the Conclusive Evidence in case of company that statutory
requirements have
complied with
A. CertiÕcate of Incorporation
B. CertiÕcate of commencement of Business
C. Both
D. None of the above
ANS : A
9. Private Company can start its Business Immediately after the issue of
A. CertiÕcate of commencement of Business
B. CertiÕcate of Incorporation
C. Both
D. None of the above
ANS : A
10. Public Company Should start Business only after
getting
A. Certificate of Incorporation
B. Commencement of business
C. None of these
ANS : B
11. Private Company can starts Business only after Getting CertiÕcate
of
A. Incorporation
B. Commencement of business
C. None of these
ANS : A
12. Which of the following is not a stage of the Development of
Company
A. Promotion
B. Production
C. Incorporation
D. Commencement of Business
ANS : B
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13. A is one who Performs the Preliminary duties Necessary to bring A
Company into being and
Öoat it.
A. Auditor
B. Promoter
C. Director
D. Financer
ANS : B
14.One who Undertakes to form a Company with reference to a given
object and set it going And who takes
the necessary steps to accomplish that purpose
A. Promoter
B. Directors
C. C.E.O.
D. Board of Directors
ANS : A
15. The Companies which are formed under Special Act. Those
Companies are called as
A. Chartered companies
B. Statutory companies
C. Registered companies
D. None of these
ANS : B
16. The Companies which are formed under Companies Act. 1956 .
They will be called as
D. None of these
ANS : C
17. Can Private Company go for Public issue?
A. Yes
B. No.
ANS : B
18. Can Private Company Accept Deposits from the public?
A. Yes
B. No
ANS : B
19. Minimum paid up Share Capital in case of A Private Company is
_______
A. 1 Lakh
B. 2 Lakhs
C. 3 Lakhs
D. 4 Lakhs
ANS : A
20. Minimum Paid up share Capital in case of a Public Company is
________
A. 1 Lakh
B. 3 Lakhs
C. 5 Lakhs
D. 7 Lakhs
ANS : C
21. Minimum no. of Directors in case of a Public Company is
__________
A. 1
B. 2
C. 3
D. 4
ANS : C
22. The Companies which are formed under Special Charter granted by
the king or queen of
England are called
A. Statutory companies
B. Registered companies
C. Chartered companies
D. None of these
ANS : C
23. The Companies which are formed under Special Act . Those
Companies are called as
D. None of these
ANS : B
24. The Companies which are formed under Companies Act. 1956 .
They will be called as
D. None of these
ANS : C
25. Under which sec a Private Company can Voluntarily converted into
public company
_______
A. 34
B. 44
C. 54
D. 64
ANS : B
What are the limits of number of members in a Private Company?
(a) Fifty (b) Seven (c) Twenty (d) Two hundred
Answer: D
2. 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)
Answer: D
3. Which of the following is not a stage of the development of company?
(a) Promotion (b) ProductionD(c) Incorporation (d) Commencement of Business
Answer: B
4. 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
Answer: D
5. A public company must have at least————- directors whereas a
private company must have at least ——————-directors.
(a) 3;2 (b) 2;3 (C)2;5 (d)8;10
Answer: A
6. 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
Answer: A
7. The_____________ of a government company is appointed or
reappointed by the Comptroller and Auditor General of India.
(a) Auditor (b) Company Secretary (c) Both (a) and (b) (d) None of the
above
Answer: A
8. 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
Answer: B
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.
Answer: A
A is one who performs the preliminary duties necessary to bring a company into
being and float it.
(a) Auditor (b) Promoter (c) Director I (d) Financer
Answer: B
11. 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.
Answer: A
12. “One who undertakes to form a company with reference to a given
object and set it going and who takes the necessary steps to accomplish that
purpose
(a) Promoter (b) Directors (c) C.E.O. (d) Board of Directors
Answer: A
13. 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
Answer: D
14. A is neither an agent, nor a trustee of a company.
(a) Directors (b) Company Secretary
(c) Employees (d) Promoters
Answer: D
15. Which documents contains the constitution of a company?
(c) Both (a) and (b)
(d) None of these
Answer: A
16. Which documents contains the regulations relating to the internal
management of a company?
(c) Both (a) and (b)
(d) None
Answer: B
17. For vetting the MOA and AOA, as per SPICE, eMOA and eAOA is
required.
(a) True (b) False
(c) Partly True (d) None of the above.
Answer: A
18. The companies are regulated under .
(a) Companies Act, 1596 (b) Companies Act, 1957A(c) Indian Partnership
Act,1932 (d) Companies Act, 2013
Answer: D
19. The certificate of incorporation is that the company is entitled to
commence business.
(a) Exclusive (b) Conclusive
(c) Supportive (d) Either (a) or (b)
Answer: D
20. The whole process of the company formation may be divided into three
direct stages, the sequence is-
(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.
Answer: A
21. Company is managed by
(a) Shareholders (b) Board of Directors (c) Karta (d) Both(a)&(b)
Answer: . B
22. H.U.F. consists of which type of members
(a) Both (b) & (c) (b) Heterogeneous
(c) Homogeneous (d) None of the above
Answer: C
23. Partnership is governed by Partnership Act
(a) 1956 (b) 1948 (c) 1932 (d) 1982
Answer: C
24. which is not a case of lifting of corporate veil
(a) Connors Bros. v. Connors (b) Jones v. Lipren
(c) Pearce v. Brookes (d) CIT v. Meenakshi Mills Ltd.
Answer: C
25. Word Corporation’ is———— than company
(a) Narrow (b) Wider (c) (a) or (b) I (d) All of the above
Answer: B
. Write True or False:
1. Alternation of Memorandum of Association of a company is impossible. False
2. The terms Öoating security and Öoating charges are synonymous. False
3. In the case of private company, two members personally present may be the
quorum for a meeting.
True
4. Every private company must have minimum three directors. False, two
directors
5. A shareholder is an agent of the company. False
6. The power to issue shares at a premium need not be permitted by the Articles of
Association. True
7. A mortgage of land is an example of Õxed charge. True
8. A member of company having no share capital can also appoint a proxy. False
9. Private companies are not required to have any Memorandum of Association or
Articles of
Association. False
10. A Õxed charge becomes Öoating charge when a company goes into
liquidation. True
11. Only one director can be appointed as a Managing Director. True
12. Share can be converted to stock but stock cannot be reconverted to share. False
13. It is compulsory for every company to have its Articles and Õle the same with
Registrar of Company for
registration. False
14. A member of a company must be a shareholder of the company. False
15. Proxies are not to be included while counting the quorum of a meeting of a
company. True
16. The Maximum number of directors in a public as well as private company is
twenty. False, it is 15
17. In case of a private company there is no restriction to transfer of shares. False
18. Quorum of general meeting is maximum Õve members personally present for a
public
company. True
19. A director of a company may be a person, a Õrm or a body
True
corporate.
20. A company can be a member of another company. False
21. It is compulsory for every company to have its own Articles of Association.
True
22. A public company having share capital can start business right from the date of
its
incorporation. True
23. A private company having share capital can start business right from the date
of its incorporation.
True
24. In the case of a private company, minimum ten members personally present
may be the quorum for a
meeting. False, 5 is compulsory
25. A company is a legal person. Therefore it acquires citizenship. False
26. A Company Secretary cannot participate in the management of company
aàairs. False
27. In case of a public company, the minimum number of directors is Õve. False, it
is 3
28. Under Sections 5(1) and 7(1) of 2013 Act, it is not compulsory for every
company to have its own
articles. True
29. A company can become a member of another company. True
30. Member’s voluntary winding-up takes place only when the company is
insolvent. True
31. Only Board of Director can convene an Extraordinary General Meeting. True
32. A public company is required to have minimum of paid-up capital False, No
of Rs. 5,00,000.
paid up capital is necessary for any company.
33. A charge created on the stock-in-trade of a business is a Õxed charge. False,
Floating
34. The shareholders of a company can appoint an Additional Director.
False, Board of
directors
35. The Board of Director is the proper authority to convene Annual General
Meeting. True
36. The gap between two Annual General Meetings must not be more than Õfteen
months. True
37. Minimum capital is not necessary in case of pvt and public company. True
38. A public company can be converted into private company by passing a special
resolution. True
39. A private company must alter its article by passing a special resolution to
convert into public company.
True
40. If number of members reduce below above stipulation and the company carries
on business for more than
six months, every member severally shall be liable to pay debts of the company.
True
41. Pre-incorporation contracts are entered by Promoters. True
42. The MOA of a Company is its charter.
1. Articles of association contain the rules and regulations of management
company. of INTERNAL aàairs of a
1. 2. In case of a public company, minimum number of directors is 3.
3. A limited company must not hold STATUTORY meeting within one
month from the commencement of
business.
4. No person can hold oÞce as director, at the same time, in more than 20
companies.
5. The maximum number of members of a private company is 200.
6. A Company Secretary is merely an agent of the company.
7. In case of members, voluntary winding-up of a company, the liquidator is
appointed by the
Shareholders of the company.
8. The Company Secretary is the proper authority to convene annual general
meeting.
9. In case of public company, minimum number of directors is 3 (three).
10. The gap between two Annual General Meetings must not be more than
15 months.
11. Minimum number of members in a public company is 7(seven).
12. Share warrant is a kind negotiable instrument.
13. An article of Association of a company contains rules and regulations for
the internal management of
the company.
14. In a government company, minimum 51% of the paid-up share capital is
held by government.
15. A company incorporated in India but its all members are foreigners, then
it will be a Indian company.
16. Unregistered companies are not required to have any Memorandum or
Articles of Association.
17. The Board of directors may appoint an additional director.
18. Share warrant is a negotiable instrument.
19. The prospectus of a company must be issued within 90 days of its
registration.
20. The gap between two annual general meetings must, not be more than 15
months.
21. According to Section 165 of the Companies Act, no person can be a
director in more than 20
companies.
22. A person may cease to be a member of a company when share warrant
are issued in exchange of the
fully paid-up share.
23. In case of private company, quorum of general meeting is minimum two
members personally present.
24. When market price of shares is more than the face value, the diàerence
between the two is called
premium.
25. A person appointed to attend and vote on behalf of a member in a
company meeting is known as a
proxy.
26. A person cannot hold oÞce as director at simultaneously in more than 20
companies.
27. A public company is required to have minimum Rs. Nil as paid-up
capital.
28. After registration of the company, the memorandum becomes a
principal document.
29. Quorum, for General Meeting for a public company is 30 members
personally present, if the total
numbers of members as on the date of meeting is more than 5000. (15
quorum if less than 5000)
30. The maximum number of directors in a public company is 15 as per the
provision of the Companies
Act.
31. Private companies are not required to have any Memorandum or
Articles of Association.
32. A Õxed charge is usually created on tangible Õxed assets.
33. Annual return shall be Õled with registrar within 60 days from the date
of the holding of the Annual
General Meeting.
34. The share is a movable property.
35. Shares and Debentures of a company are freely transferable.
36. Common seal is not compulsory.
37. Types of Company
a) Statutory Company: Created by Special Act of Parliament e.g. LICI.
b) Company Limited by Guarantee: Liability of members is limited up to the
amount they agreed to
contribute in the case of winding up of a company which is clearly stated in
MOA.
c) Unlimited Company: The liability of member is limited up to the whole
debt of the company but he can
claim compensation from other members.
38. Shares of Private companies are not transferable.
39. Maximum members in private company: 200.
40. Private company cannot issue Prospectus.
41. Maximum paid-up share capital of small companies: 10 Crores.
42. Foreign companies are those which are registered outside India. They
can have place of business in
India.
43. Associate Company are those in which other company has at least 20%
stake in share capital.
44. Dormat companies are formed for a Future project or to hold an
intellectual property.
45. Change in the name of the company can be elected only with the written
approval of the Central
Government in writing.
46. As per the Companies Act, 2013 both private and Public companies have
to obtain certificate of
commencement of business.
47. Doctrine of ultra vires means Acts done outside the Memorandum of
the Company.
48. The memorandum must be signed by 7 persons in case of a public
company.
2. . The most important document of a company is its __________.
A. prospectus. B. annual report. C. memorandum of association . D. articles
of association . ANSWER: C
2. The rules and regulations for the internal management of a company are
contained in its_______. A. prospectus . B. annual report . C. memorandum
of association . D. articles of association .
ANSWER: D
3. Mark out the document that need not be prepared and registered with the
registrar of companies in public limited companies. A. statutory declaration
B. memorandum of association . C. articles of association . D. d. directors
undertakings to take up and pay for qualification shares. ANSWER: C
4. The union government may appoint such number of directors in a
company as it may deem necessary A. at its own initiative . B. on the
application of least 100 members of the company . C. on the application of
members holding at least 10% voting rights. D. any of the above .
ANSWER: D
5. A director’s election takes place in a general meeting through a separated
Resolution passed by a _______ majority. A. single. B. two-thirds. C. three-
fourths. D. five-sixths . ANSWER: A
6. Which of the following is beyond the powers of the board of directors? A.
To issue debentures. B. To make loans. C. To remit the payment of any debt
due by a director. D. to issue prospectus. ANSWER: C
7. The minimum subscription is to be received within ______days of the
offer. A. 30. B. 60. C. 120. D. 150. ANSWER: C
8. The private company requires conversion of a public company into a
__________. A. an ordinary resolution . B. a special resolution C. a special
resolution and union Answers D. a special resolution and company law
board approval ANSWER: C
9. A share certificate once issued by the company binds it in two ways,
namely by estoppel as to title and ___________. A. by estoppel as to
payment. B. by estoppel as to profit. C. by estoppel as to dividend. D. none
ANSWER: A
10. Share capital of a company means __________. A. equity share capital .
B. preference share capital C. equity and preference share capital . D. equity
and preference share capital and debentures. ANSWER: C
11. A shareholder in a company___________. A. can be its debenture
holder B. cannot be its debenture holder C. alone can become its debenture
holder D. must also become its debenture holder within a year of being a
shareholder. ANSWER: A
12. The dividend on preference capital is paid_____________. A. whenever
there are profits B. only if there are profits. C. even if there are no profits. D.
only when the directors recommend it . ANSWER: D
Answers are in green color.

1. ARTICLES OF ASSOCIATION ARE:
I. MANDATORY
II. NECESSARY
III. OPTIONAL
IV. NONE
2. ARTICLES OF ASSOCIATION ARE FOR:
I. EXTERNAL AFFAIRS OF A COMPANY
II. INTERNAL AFFAIRS OF A COMPANY
III. BOTH i) & ii)
IV. Public company
3. FOR AN ASSOCIATED COMPANY,MINIMUM NO OF SHARES
WHICH SHOULD BE DIRECTLY OR INDIRECTLY CONTROLLED BY
A PERSON:
I. 15%
II. 10%
III. 20%
IV. 50%
4. IF A COMPANY OR UNDERTAKING IS SUBSIDAIRY OF ANOTHER
THEN IT IS:
I. PRIVATE COMPANY
II. PUBLIC COMPANY
III. ASSOCIATED COMPANY
IV. ALL OF THE ABOVE
5. IF A PERSON IS THE OWNER OF OR DIRECTOR IN A COMPANY OR
UNDERTAKING OR WHO SO CONROLS SHARES NOT LESS THEN
10% OF:
I. GOVERNING POWER
II. RULING POWER
III. VOTING POWER
6. A BODY CORPORATE OR CORPORATION IS A COMPANY:
I. INCORPORATED OUTSIDE THE PAKISTAN
II. INSIDE THE PAKISTAN
III. LISTED ON STOCK EXCHANGE
IV. NONE OF THE ABOVE
7. OFFICIAL GAZETTE IS A:
I. NEWSPAPER
II. CIRCULAR
III. OFFICIAL NEWSPAPER
IV. ADVERTISEMENT
8. BOOK AND PAPER OR BOOKS OF ACCOUNT ARE:
I. SAME
II. DIFFERENT
III. NONE
IV. ANYTHING CONTAINED INFORMATION ABOUT THE
COMPANY
9. CHIEF EXECUTIVE IS ENTRUSTED:
I. WHOLE POWERS OF MANAGEMENT
II. SUBSTABTIALLY THE WHOLE POWERS OF MANAGEMENT
III. BOTH i) & ii)
10.IF A COMPANY IS INCORPORATED BEFORE 1984,THEN IT IS:
I. HOLDING COMPANY
II. SUBSIDIARY COMPANY
III. EXISTING COMPANY
IV. ASSOCIATED COMPANY
11.COMPANY LIMITED BY SHARES MEANS A COMPANY HAVING
THE LAIBILITY OF ITS MEMBERS:
I. LIMITED TO THE AMOUNT,IF ANY,UNPAID ON THE SHARES
RESPECTIVELY HELD BY THEM
II. UNLIMITED TO THE AMOUNT,IF ANY,UNPAID ON SHARES
RESPECTIVELY HELD BY THEM.
III. SPECIFIC LIABILITY
12.DEBENTURES ARE:
I. DEBT SECURITIES
II. EQUITY SECURITIES
III. BOTH i) & ii)
IV. NONE
13.ANY PERSON OCCUPYING THE POSITION OF A DIRECTOR IS:
I. NOT DIRECTOR
II. DIRECTOR
III. CHIEF EXECUTIVE
IV. OFFICER
14.SUMMONS,NOTICE,REQUITION,ETC ARE:
I. BOOK & PAPER
II. BOOKS OF ACCOUNT
III. DOCUMENTS
IV. ALL
15.FINANCIAL YEAR IS:
I. CALENDER YEAR
II. NOT CALENDER YEAR
III. PERIOD IN RESPECT OF WHICH ANY PROFIT & LOSS
ACCOUNT IS PREPARED
IV. BOTH ii) & iii)
16.HOLDING COMPANY MEANS A COMPANY AS DEFINED IN
SECTION:
I. 42
II. 3
III. 5
IV. 10
17.IF A PERSON HAVE ANY SHARE,SCRIP OR OTHER SECURITY
WHICH GIVES HIM A VOTING POWER/RIGHT BECOMES:
I. DIRECTOR
II. CHIEF EXECUTIVE
III. MEMBER
IV. OFFICER
18.EVERY SHREHOLDER IS:
I. MEMBER OF COMPANY
II. NOT MEMBER OF COMPANY
III. OWNER OF COMPANY
IV. BOTH ii) & iii)
19.MEMORANDUM OF ASSOCIATION ARE:
I. INTERNAL AFFAIRS OF COMPANY
II. EXTERNAL AFFAIRS OF COMPANY
III. MANDATORY
IV. BOTH i) & iii)
20.IF A COMPANY RESTRICTS TO TRANSFER ITS SHARES,THEN IT
IS:
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. HOLDING COMPANY
IV. EXISTING COMPANY
21.PRIVATE COMPANY LIMITS THE NUMBER OF ITS MEMBERS TO:
I. 30
II. 20
III. 40
IV. 50
22.WHEN TWO OR MORE PERSONS HOLD ONE OR MORE SHARES IN
A COMPANY JOINTLY,THEY WILL BE TREATED AS:
I. SINGLE MEMBER
II. SEPERATELY AS MEMBERS
III. DIRECTORS
IV. NONE
23.IF AN ADVERTISEMENT INVITES PUBLIC FOR THE
SUBSCRIPTION OR PURCHASE OF ANY SHARES,IT IS:
I. DOCUMENT
II. BOOK & PAPER
III. PROSPECTUS
IV. ALL
24.REDEEMABLE CAPITAL:
I. IS BASED ON INTEREST
II. NOT BASED ON INTEREST
III. ARE ORDINARY SHARES
IV. NONE
25.CD-ROM AND FLOPPY CONTAINING THE NAMES OF MEMBERS
OF COMPANY & DEBENTURE HOLDERS ARE:
I. BOOK & PAPER
II. BOOKS OF ACCOUNTS
III. REGISTER
26.SPECIAL RESOLUTION SHOULD BE PASSED BY THE MAJORITY
OF:
I. 2/5 MEMBERS
II. 6/10 MEMBERS
III. 3/4 MEMBERS
IV. 2/4 MEMBERS
27.NUMBER OF DAYS OF NOTICE SPECIFYING THE INTENTION TO
PROPOSE THE RESOLUTION AS SPECIAL RESOLUTION ARE:
I. 50 DAYS
II. 30 DAYS
III. 25 DAYS
IV. 21 DAYS
28.REMOVAL OF CHIEF EXECUTIVE IS DONE BY:
I. DIRECTORS
II. OWNERS
III. SPECIAL RESOLUTION
IV. NONE
29.XYZ COMPANY HOLDS 50% OF VOTING SECURITIES OF ABC
COMPANY,THEN,XYZ IS:
I. SUBSIDIARY COMPANY
II. HOLDING COMPANY
III. ASSOCIATED COMPANY
IV. ALL
30.ABC IS:
I. HOLDING COMPANY
II. LISTED COMPANY
III. PRIVATE COMPANY
IV. SUBSIDIARY COMPANY
31.SUBSIDIARY OF SUBSIDIARY COMPANY:
I. HOLDING COMPANY OF SUBSIDIARY COMPANY
II. EXISTING COMPANY
III. SUBSIDIARY OF SUBSIDIARY HOLDING COMPANY
IV. BOTH i) & iii)
32.COMPANIES ORDINANCE DOESNOT APPLY TO:
I. TRADING CORPORATION CONTROLLED OR OWNED BY
PROVINCE
II. CO-OPERATIVE SOCIETY
III. A UNIVERSITY
33.A NON-TRADING CORPORATION,THE OBJECTS OF WHICH ARE
CONFINED BY SINGLE PROVINCE WILL ACT UNDER:
I. COMPANIES ORDINANCE 1984
II. SECURITIES AND EXCHANGE ORDINANCE 1969
III. PROVINCIAL GOVERNMENT ITSELF REGULATE
34.A PARTNERSHIP OR ASSOCIATION CONSISTING OF MORE THAN
TWENTY PERSONS IS:
I. LEGAL
II. ILLEGAL
III. VALID
IV. NONE
35.A PARTNERSHIP OR COMPANY CONSISTING OF MORE THAN
TWENTY PERSONS SHOULD BE:
I. REGISTERED UNDER COMPANIES ORDINANCE
II. NOT REGISTERED
III. INCORPORATED UNDER COMPANIES ORDINANCE 1984
IV. BOTH i) & iii)
36.THE PERSON WHO IS THE MEMBER OF SUCH
PARTNERSHIP,WHICH HAS MORE THAN 20 MEMBERS SHOULD
BE PUNISHED WITH FINE WHICH MAY EXTEND TO:
I. 10 THOUSAND
II. 15 THOUSAND
III. 5 THOUSAND
IV. 1 THOUSAND
37.ANY (THREE) OR MORE PERSONS ASSOCIATED FOR ANY LAW
PURPOSE SUBSCRIBING THEIR NAMES TO MEMORANDUM OF
ASSOCIATION & COMPLYING WITH COMPANIES ORDINANCE
WILL FORM:
I. PUBLIC COMPANY
II. HOLDING COMPANY
III. PRIVATE COMPANY
IV. ORDINARY COMPANY
38.ANY MINIMUM REQUIRMENT OF ASSOCIATION FOR A PRIVATE
COMPANY IS:
I. 5
II. 7
III. 1
IV. 2
39.IN MEMORANDUM THE NAME OF COMPANY AS PRIVATE WILL
BE WRITTEN AS:
I. PRIVATE LIMITED
II. LIMITED
III. PVT
IV. (PRIVATE) LIMITED
40.IN MEMORANDUN; NO SUBSCRIBER OF THE MEMORANDUM
SHALL TAKE LESS THAN:
I. 20 SHARES
II. 5 SHARES
III. 2 SHARES
IV. 1 SAHRES
41.THE TRADING CORPORATION IN MEMORANDUM SHALL STATE
THEIR:
I. LIABILITY
II. SHARE CAPITAL
III. OBJECTS
IV. NONE
42.EACH SUBSCRIBER OF THE MEMORANDUM SHALL WRITE
OPPOSITE TO HIS NAME:
I. THE LIMIT OF LIABILITY
II. THE NUMBER OF SHARES
III. BOTH i) & ii)
IV. NONE
43.IN CASE OF MEMORANDUN OF COMPANY LIMITED BY
GUARANTEE;EACH MEMBER UNDERTAKES TO COMTRIBUTES
TO THE ASSETS OF THE COMPANIES OR AFTER:
I. 3 YEAR AFTER PAYMENT OF DEBTS
II. 2 YEAR AFTER PAYMENT OF DEBTS
III. 1 YEAR AFTER PAYMENT OF DEBTS
IV. 5 YEAR AFTER PAYMENT OF DEBTS
44.ARTICLES OF ASSOCIATION MAY ADOPT:
I. ALL REGULATIONS CONTAINED IN TABLE A IN 1ST
SCHEDULE
II. ANY OF THE REGULATIONS OF TABLE A
III. BOTH i) & ii)
IV. NONE
45.IN WHICH CASE,ARTICLES SHALL THE AMOUNT OF SHARE
CAPITAL;IF THE COMPANY HAS A SHARE CAPITAL:
I. UNLIMITED COMPANY
II. COMPANY LIMITED BY GAURANTEE
III. NONE
IV. BOTH i) & ii)
46.IF ARTICLEA OF THE COMPANY AFFECTS THE SUBSTANTIVE
RIGTHS OR LIABILITIES OF MEMBERS OR OF A CLASS
MEMBERS,IT SHALL BE CARRIED OUT ONLY IF THE MAJORITY
OF:
I. 5/10
II. 1/2
III. 3/4
IV. 3/5
47.THE MEMORANDUM AND ARTICLES SHALL WHEN
REGISTERED,BIND THE COMPANT AND MEMBERS THEREOF TO
THE SAME EXTENT IF THEY RESPECTIVELY HAVE BEEN:
I. READ
II. NOTICED
III. OBSERVED
IV. SINGED
48.ALL MONEY PAYABLE BY ANY MEMBER TO THE COMPANY
UNDER THE MEMORANDUM OR ARTICLES SHALL BE A:
I. DEBT
II. INVESTMENT
III. STOCK
IV. NONE
49.ON THE REGISTERATION OF THE MEMORANDUM OF A, THE
REGISTERAR SHALL CERTIFY BY HAND THAT THE COMPANY:
I. REGISTERED
II. ESTABLISHED
III. INCORPORATED
50.CERTIFICATE OF INCORPORATION IS LIKE A :
I. EVIDENCE
II. BIRTH CERTIFICATE
III. BOTH i) & ii)
51.PROOF OF THE EXISTENCE OF THE COMPANY IS:
I. ARTICLES OF THE ASSOCIATION
II. MEMORANDUM OF ASSOCIATION
III. CERTIFICATE OF INCORPORATION
IV. STAMP
52.EVERY COMPANY SHALL SEND TO EVERY MEMBER,AT HIS
REQUEST,COPIES OF MEMORANDUM AND ARTICLES WITHIN:
I. 10 DAYS
II. 12DAYS
III. 14 DAYS
IV. 21 DAYS
53.IF THE COMPANY MAKES DEFAULT IN SENDIND THE COPIES OF
THE MEMORANDUM AND ARTICLES SHALL BE LIABLE TO A
FINE:
I. 500
II. 200
III. 300
IV. 100
54.A COMPANY WRITES THE SAME AS ANOTHER IS EXISTING
SHALL:
I. CONTINUE TO WORK
II. SHALL NOT BE REGISTERED
III. BE ALLOWED
55.IF A COMPANY HAS ANY CONNECTION WITH FOREIGN
GOVERNMENT OR INTERNATIONAL ORGANIZATION IS :
I. VALID
II. BODY CORPORATE
III. SUBSIDARY
IV. CAN’T BE REGISTERED
56.ASSOCIATION NOT FOR PROFIT ARE ESTABLISED AND
INCORPORATED CAN BE REGISTERED WITHOUT THE ADDITIONS
OF THE WORDS:
I. “LIMITED”
II. “PRIVATE LIMITED”
III. “GAURANTEE LIMITED”
57.COMPANIES UNDER SECTION 42 ARE GENERALLY CALLED”
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. NGOS
IV. HOLDING COMPANY
58.COMPANIES LIKE NGOS CAN’T PAY TO ITS MEMBERS:
I. SALARIES
II. REMUNERATION
III. BOTH i) & ii)
IV. DIVIDEND
59.ASSOCIATIONS NOT FOR PROFIT INCORPORATED ENJOY ALL
THE PREVILEGES OF:
I. LIMITED COMPANY
II. UNLIMITED COMPANY
III. PUBLIC COMPANY
IV. NONE
60.A LICENCE OF NOT FOR PROFIT OR NGOs MAY BE REVOKED BY
THE COMMISSION AND UPON THE REVOCATION THE
REGISTRAR SHALL ENTER THE WORDS:
I. REVOKED
II. (PRIVATE)LIMITED
III. (GAURANTEE)LIMITED
IV. BOTH i) & iii)
61.A COMPANY LIMITED GY GAURANTEE & NOT HAVING THE
SHARE CAPITAL AND BY PROVISIONS IN THE MEMORANDUM
OR ARTICLES OR ANY RESOLUTION PURPORTING TO DIVIDE
THE UNDERTAKING OF THE COMPANY INTO SHARES OR
INTERESTS SHALL BE TREATED AS PROVISION FOR:
I. ISSUED CAPITAL
II. ALLOTED CAPITAL
III. AUTHORISED CAPITAL
IV. SHARE CAPITAL
62.AS IN THE CASE SECTION 6 A PERSON HAVING THE RIGHT TO
PARTICIPATE IN THE PROFITS OF THE COMPANY OTHERWISE AS
THE MEMBER SHALL BE:
I. DIRECTOR
II. EXECUTIVE
III. AUDITOR
IV. VOID
63.A PROSPECTUS ISSUED SHOULD BE:
I. ON THE BEHALF OF COMMISSION
II. ON THE BEHALF OF SUBSIDIARY
III. ON THE BEHALF OF COMPANY
IV. NONE
64.THE ON WHICH PROSPECTUS IS ISSUED AND THAT
DATE,UNLESS THE CONTRARY IS PROVED BE TAKEN AS:
I. ISSUED DATE
II. STARTING DATE
III. DATE OF COMMINSMENT
IV. DATE OF PUBLICATION
65.EVERY PROSPECTUS ISSUED BY OR ON THE BEHALF OF
COMPANY OR BY OR ON THE BEHALF OF THE PERSON WHO HAS
ENGAGED OR INTERSETED IN THE:
I. SHARES OF THE COMPANY
II. ASSETS OF THE COMPANY
III. FORMATION OF THE COMPANY
66.PROSPECTUS PUBLISHED SHOULD BE:
I. DAILY NEWSPAPER ONLY
II. DAILY URDU NEWSPAPER ONLY
III. ONE URDU AND ONE ENGLISH NEWSPAPER
IV. TWO ENGLISH AND ONE URDU NEWSPAPER
67.PROSPECTUS ISSUED SHALL BE MADE AVAILABLE AT:
I. REGISTERED OFFICE OF THE COMPANY
II. STOCK EXCHANGE AT WHICH IT IS LISTED
III. WITH BANKERS TO ISSUE THE PROSPECTUS
68.NO PROSPECTUS SHALL BE ISSUED OR AN ADVERTISEMENT OF
A PROSPECTUS IN NEWSPAPER LESS THAN BEFORE
SUBCRIPTION LIST
I. 3 DAYS
II. 5 DAYS
III. 21 DAYS
IV. 7 DAYS
69.THE MAXIMUM PERIOD OF ISSUE OF PROSPECTUS BEFORE
SUBSCRIPTION LIST:
I. 28 DAYS
II. 25 DAYS
III. 30 DAYS
IV. 35 DAYS
70.IF A PROSPECTUS IS ISSUED WITHOUT THE REQUIRMENTS OF
SECTION 53 SUB-SECTION 1&2 AND REGISTRAR,THE PERSON
LIABLE FOR FINE WHO HAD PREPARED THE PROSPECTUS TO
FINE NOT EXCEEDING:
I. 5000
II. 15000
III. 10000
IV. 25000
71.AS THE SENERIO ABOVE,IN CASE OF A DEFAULT TO A FURTHER
FINE NOT EXCEEDING__________ FOR EVERY DAY FROM THE
DATE OF ISSUE OF PROSPECTUS:
I. 500
II. 300
III. 200
IV. 1000
72.A CONDITION OR REQUIREMENT BINDING AN APPLICANT FOR
SHARE IN OR DEBENTURE OF A COMPANY TO WAIVE
COMPLIANCE WITH ANY OF THE REQUIREMENTS AND NOT
MENTIONED IN THE PROSPECTUS SHALL BE:
I. LEGAL
II. ALLOWED
III. VOID
IV. VALID
73.THE FORM OF APPLICATION FOR SHARES IN OR DEBENTURES
OF A COMPANY,UNLESS THE FORM IS ACCOMPANIED BY
PROSPECTUS:
I. IS APPLICALBLE
II. NOT APPLICABLE
III. CAN BE ACCEPTED
IV. NONE
74.THE SHARES OR DEBENTURES WHICH WERE NOT OFFERED TO
PUBLIC, THE APPLICATION FORM WITHOUT PROSPECTUS;THE
SHARES OR DEBENTURES CAN BE:
I. ISSUED
II. CAN’T BE ISSUED
III. VOID
IV. NONE
75.NO ONE SHALL ISSUE ANY FORM OF APPLICATION FOR SHARES
IN OR DEBENTURES OF A COMPANY UNLESS THA FORM IS
ACCOMPANIED BY PROSPECTUS;IF ANY PERSON ACTS IN
CONTRAVENTION OF THIS SECTION,HE SHALL BE LIABLE TO A
FINE NOT EXCEEDING:
I. 5000
II. 3000
III. 2000
IV. 1000
76.NO ALLOTMENT SHALL BE MADE OF ANY SHARE CAPITAL OF A
COMPANY OFFERED TO PUBLIC FOR SUBSCRIPTION UNLESS
THE AMOUNT STATE IN PROSPECTUS AS THE MINIMUM
AMOUNT IN OPINION OF DIRECTORS MUST BE:
I. RAISED BY ISSUE OF SHARE CAPITAL
II. AND FULL AMOUNT THEREOF HAS BEEN PAID
III. AND THE AMOUNT RECEIVED IN CASH BY CO
77.ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL
BE DEPOSITED AND KEPT IN A SEPARATE:
I. LOCKER
II. CUSTODY
III. BANK ACCOUNT
IV. NONE
78.ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL
BE DEPOSITED AND KEPT IN A SEPARATE BANK ACCOUNT
UNTILL:
I. THE BUSINESS STARTS
II. LAW ALLOWS
III. THE CERTIFICATE TO COMMENCE BUSINESS IS OBTAINED
IV. ALL
79.THE AMOUNT PAYABLE ON APPLICATION ON EACH SHARE
SHALL BE THE FULL:
I. ORDINARY AMOUNT OF THE SHARES
II. SPECIAL AMOUNT OF THE SHARES
III. NOMINAL AMOUNT OF THE SHARES
IV. BOTH ii) & iii)
80.IF SUCH MONEY IS NOT REPAID WITHIN __________ DAYS AFTER
THE ISSUE OF PROSPECTUS:
I. 40 DAYS
II. 50 DAYS
III. 21 DAYS
IV. 28 DAYS
81.IF THE AMOUNT OF UN-SUCCESSFUL APPLICANT IS NOT
REFUNDED;THE DIRECTORS OF THE COMPANY ARE LIABLE TO
PAY SURCHARGE @ __________ PER MONTH:
I. 1-3/2 %
II. 1-4/5 %
III. 1-1/2 %
IV. NONE
82.MINIMUM SUBCRIPTION IS THE AMOUNT OF CAPITAL
MENTIONED:
I. ARTICLES OF ASSOCIATION
II. PROSPECTUS
III. BOTH i) & ii)
IV. NONE
83.THE MONEY RECEIVED IN EXCESS OF MINIMUM SUBCRIPTION IS
REQUIRED TO BE:
I. DEPOSITED
II. REFUNDED
III. UTILIZED
IV. NONE
84.IN CASE OF CONTRAVENTION OF SUBCRIPTION OF SHARES AND
ALLOTMENT OF SHARES;THE DIRECTORS,PROMOTERS OR THER
PERSONS KNOWINGLY RESPONSIBLE FOR SUCH
CONTRAVENTION SHALL BE LIABLE TO A FINE NOT
EXCEEDING:
I. 5,000
II. 15,000
III. 2,000
IV. 10,000
85.IN CASE OF CONTINUING CONTRAVENTION TO A FURTHER FINE
NOT EXCEEDING __________ FOR EVERY DAY AFTER THE FIRST
DURING WHICH CONTRAVENTION _____________ CONTINUES:
I. 500
II. 600
III. 300
IV. 200
86.AN ALLOMENT OF SHARES MADE BY COMPANY TO AN
APLLICANT IN THE CONTRAVENTION OF THE PROVISIONS OF
RESTRICTION AS TO ALLOTMENT AND STATEMENT IN LIEU OF
PROSPECTUS;SHALL BE:
I. VALID
II. VOID
III. VOIDABLE
IV. NOT ENFORCEABLE
87.THE SENERIO ABOVE THE MINIMUM TIME REQUIRED FOR THE
ALLOTMENT OF SHARES TO BE VOIDABLE AFTER THE HOLDING
OF STATUTORY MEETING OF THE COMPANY:
I. 35 DAYS
II. 40 DAYS
III. 30 DAYS
IV. 50 DAYS
88.IN CASE OF EFFECT OF IRREGULAR ALLOTMENT OF
SHARES;THE PROCEEDINGS TO RECOVERANY SUCH
LOSS,DAMAGES OR COSTS SHALL NOT BE COMMENCED AFTER
THE EXPIRATION OF ________ FROM THE DATE OF THE
ALLOMENT:
i. 1 YEAR
ii. 1.5 YEAR
iii. 2 YEARS
iv. 2.5 YEARS
89. WHERE A COMPANY ISSUES ANY INVITATION TO THE PUBLIC
TO SUBCRIBE FOR ITS SHARESOR OTHER SECURITIES;THE
PERIOD OF REPAYMENT OF UNACCEPTED OR UNSUCCESSFUL
APPLICATION WITHIN:
15 DAYS
I. 25 DAYS
II. 10 DAYS
III. 25 DAYS
IV. 20 DAYS
90. IF REFUNDED OF RUPEES FOR THE APPLICATION AND
SUBCRIPTION OF SHARES IS NOT MADE WITHIN 10 DAYS,THE
DIRECTORS OF THE COMPANY SHALL BE JOINTLY AND
SEVERALLY LIABLE TO _______________ SURCHARGE FOR EVERY
MONTH OR PART THEREFO FROM THE EXPIRATION OF THE
FIFTEETH DAY:
I. 1.5 %
II. 2.5 %
III. 3.5 %
IV. 0.5 %
91. THE FINE ABOVE,IN ADDITIONAL FINE NOT EXCEEDING
____________:
I. 3000
II. 2000
III. 5000
IV. 2500
92. IN CASE OF FURTHER OR CONTINUOUS OFFENCE TO A
FURTHER FINE NOT EXCEEDING __________ FOR EVERY DAY
AFTER THE SAID FIFTEETH DAY ON WHICHTHE DEFAULT
CONTINUES.
I. 500
II. 300
III. 200
IV. 100
93. EVERY COMPANY WITH _________ DAYS AFTER THE ALLOTMENT
OF ITS SHARES, DEBENTURES OR DEBENTURE STOCK AND WITHIN
_________ DAYS AFTER THE APPLICATION FOR THE REGISTER OF THE
TRANSFER OF SHARES, DEBENTURES OR DEBENTURE STOCK,
COMPLETE AND HAVE READY FOR DELIVERY ALL SHARES, THE
DEBENTURES AND CERTIFICATE OF ALL DEBENTURES STOCK
ALLOTED OR TRANSFERRED:
I. 30 AND 15 DAYS
II. 25 AND 50 DAYS
III. 90 AND 45 DAYS
IV. 60 AND 30 DAYS
94. IF DEFAULT IS MADE IN COMPLYING WITH REQUIREMENT OF
ABOVE SECTION; THE COMPANY AND EVERY OFFICER OF THE
COMPANY WHO IS KNOWINGLY A PART TO DEFAULT SHALL BE
LIABLE TO A FINE NOT EXCEEDING ___________ FOR EVERY DAY
DURING WHICH DEFAULT CONTINUES:
I. 500
II. 200
III. 100
IV. NONE
95. A DUBLICATE OF CERTIFICATE OF SHARES, DEBENTURES OR
DEBENTURES ISSUED SHALL BE ISSUED BY THE COMPANY WITH
_________ FROM THE DATE OF APPLICATION IF THE ORIGINAL
____________:
I. 50 DAYS
II. 45 DAYS
III. 35 DAYS
IV. 25 DAYS
96. IF THE COMPANY FOR ANY REASONABLE CAUSE IS UNABLE TO
ISSUE DUPLICATE CERTIFICATE, IT SHALL NOTIFY THIS FACT,
ALONGWITH THE REASONS WITHIN _________ FROM THE DATE OF
APPLICATION, TO THE APLLICANT:
I. 35 DAYS
II. 30 DAYS
III. 25 DAYS
IV. 20 DAYS
97. IF ANY DEFAULT IS MADE IN COMPLYING WITH REQUIREMENTS
OF THIS SECTION, THE COMPANY AND EVERY OFFICER OF THE
COMPANY WHO IS KNOWINGLY A PART TO THE DEFAULT SHALL BE
LIABLE TO FINE NOT EXCEEDING:
I. 1000
II. 1500
III. 200
IV. 500
98. IF A COMPANY WITH INTENT TO DEFRAUD,RENEWS A
CERTIFICATE, THE COMPANY SHALL BE PUNISHABLE WITH FINE
WHICH MAY EXTEND TO:
I. 10,000
II. 15,000
III. 20,000
IV. 25,000
100. THE SENERIO ABOVE AND EVERY OFFICER OF THE COMPANY
WHO IS IN DEFAULT SHALL BR PUNISHABLE WITH IMPRISONMENT
FOR TERM WHICH MAY EXTEND TO:
I. 1 YEAR
II. 6 MONTHS
III. 2 YEARS
IV. 5 YEARS
101. THE PUNISHMENT MADE ABOVE THE OFFICER OF COMPANY IN
CASE OF DEFAULT/DEFRAUD TO ISSUE OR ISSUE A DUPLICATE
THEREOF THE FINE WHICH MAY EXTEND TO 10 THOUSAND AND OR
_________ OR BOTH:
I. PUNISMENT
II. IMPRISONMENT
III. DEPORT
IV. NONE
102. THE TRANSFER OF SHARES IS REGISTERED AND SHARES

CERTIFICATE DULY TRANSFERRED IN THE FAVOUR OF THE
TRANFREE IS ISSUED WITHIN:
I. 40 DAYS
II. 35 DAYS
III. 30 DAYS
IV. 50 DAYS
103. TRANSFER DEED DULY EXECUTED AND SIGNED BY THE
TRANDFEROR AND TRANSFEREE AND DULY WITNESSED ON THEIR
BEHALF ARE DELIVERED ALONG WITH SHARE CERTIFICATES AT:
I. REGISTRAR OFFICE
II. SECP
III. AT REGISTERED OFFICE OF COMPANY
104. THE DELIVERY FEE FOR TRANSFER OF SHARE AND DEBENTURE
CERTIFICATE BY:
I. COMPANY
II. TRANSFEROR
III. TRANSFEREE
IV. REGISTRAR
105. TRANSFER DEEDS ARE ACCEPTED AND TRANSFER IS RECORDED
AT THE BACK OF THE SHARES-CERTIFICATE IN THE MEMORANDUM
OF TRANSFER COLUMN AND ENTERED INTO THE REGISTER OF THE:
I. EMPLOYEES OF THE COMPANY
II. DIRECTORS OF THE COMPANY
III. OFFICERS OF THE COMPANY
IV. MEMBERS OF THE COMPANY
106. COMPANY SHALL NOT REGISTER A TRANSFER OF SHARES OR
DEBENTURES UNLESS PROPER INSTRUMENT OF TRANSFER DULY:
I. WRITTEN & WITTNESSED
II. STAMPED
III. REGISTERED
IV. NONE
107. IN CASE OF A PUBLIC COMPANY, A FINANCIAL INSTITUTION
DULY APPROVED BY THE _______ MAY BE APPOINTED AS THE
TRANSFER AGENT ON BEHALF OF THE COMPANY:
I. REGISTRAR
II. DIRECTORS
III. COMMISSION
IV. MEMBERS
108. IF THE COMPANY MAKES DEFAULT IN COMPLYING WITH ANY
OF THE PROVISIONS OF TRANSFER OF SHARES AND DEBENTURES IT
SHALL LIABLE TO A FINE NOT EXCEEDING:
I. 1000
II. 2000
III. 3000
IV. 5000
109. THE PERIOD OF TRANSFER OF SHARES IN CASE OF CENTRAL
DEPOSITORY:
I. 10 DAYS
II. 20 DAYS
III. 5 DAYS
IV. 7 DAYS
110. THE DIRECTORS OF THE COMNPANY SHALL:
I. REFUSE TO TRANSFER ANY FULLY PAID SHARES
II. SHALL NOT REFUSE ANY FULLY PAID SHARES
III. BOTH i) & ii)
IV. NONE
111. THE COMPANY SHALL WITHIN _____________ FROM THE DATE ON
WHICH THE INSTRUMENT OF TRANFER WAS LODGED WITH IT NOTIFY
THE DEFECT OR INVALIDITY TO THE TRANSFREE
I. 40 DAYS
II. 50 DAYS
III. 30 DAYS
IV. 25 DAYS
112. WHERE THE TRANFREE IS CENTRAL DEPOSITORY,WITHIN:
I. 10 DAYS
II. 3 DAYS
III. 4 DAYS
IV. 5 DAYS
113. IF A COMPANY REFUSES TO REGISTER A TRANSFER OF ANY
SHARES OR DEBENTURES, THE COMPANY SHALL, WITHIN _________
AFTER THE DATE ON WHICH THE INSTRUMENT OF TRANSFER WAS
LODGED WITH THE COMPANY, SEND TO THE TRANSFREE NOTICE OF
REFUSAL INDICATING REASONS FPR SUCH REFUSAL:
I. 50 DAYS
II. 40 DAYS
III. 30 DAYS
IV. 21 DAYS
114. IF THE DEFAUL IS MADE, THE COMPANY AND EVERY OFFICER OF
THE COMPANY WHO IS A PARTY TO DEFAULT SHALL BE LIABLE TO A
FINE NOT EXCEEDING:
I. 2500
II. 5000
III. 10000
IV. 20000
115. A FURTHER FINE NOT EXCEEDING _________ RUPEES FOR EVERY
DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:
I. 200
II. 500
III. 100
IV. 50
116. TRANSFER OF SHARES TO SUCCESSOR OR NOMINEE IS CALLED:
I. TRANMISSION
II. ALTERATION
III. NOMINATION
IV. NONE
117. THE LEGAL HEIR AND SUCCESSOR SHALL FURNISH THE
FOLLOWING DOCUMENTS TO THE COMPANY FOR TRANSFER OF
SHARES:
I. SHARES CERTIFICATE IN ORIGINAL
II. SHARE TRANFER DEED
III. DEATH CERTIFICATE
118. THE COMPANY ON ITS SATISFACTION, SHALL TRANSFER THE
SHARES IN RESPECT OF:
I. PROECESSOR
II. SUCCESSOR
III. BOTH
IV. NONE
119. THE PERSON NOMIATED FOR THE TRANFER OF SHARES IS:
I. SON
II. STEP-SON
III. ADOPTED-CHILD
IV. ALL
120. A PERSON IN HIS LIFE CAN:
I. TRANSFER OR SHARE THE RIGHTA OF ITS MEMBERSHIP
II. CAN’T SHARE THE RIGHTS OF MEMBERSHIP
III. AS THE CASE MAY BE
IV. NONE
121. THE NOMINATION MADE AND DEPOSITED BEFORE THE DEATH
OF THE MEMBER IN LIKE MENNER OR EXPRESSLY CAN BE:
I. CANCELLED
II. CHANGED
III. BOTH
IV. NONE
122. THE TRANSFER OF SHARES OR DEBENTURES OF A DECREASED
MEMBER BY HIS NOMINEE OR LEGAL REPRESENTATIVE SHALL
ALTHOUGH, HE IS NOT THE HIMSELF THE MEMBER BE AS:
I. VOID
II. VOIDABLE
III. VALID
IV. LEGAL OFFENCE
123. A TRANFER OF SHARES OR DEBENTURES OF A DECEASED
PERSON BY HIS NOMINEE OR LEGAL REPRESENTATIVE SHALL,
ALTHOUGH THE NOMINEE OR LEGAL REPRESENTATIVE IS NOT
HIMSELF A MEMBER ,BE AS VALID IF HE HAD BEEN A MEMBER:
I. AT THE TIME OF SHARES OR DEBENTURES SUBCRIPTION
II. AT THE TIME OF FORMATION OF COMPANY
III. AT THE TIME OF EXECUTION OF THE INSTRUMENT
TRANSFER
IV. NONE
124. MAIN CONDITIONS FOR RIGHT ISSUE OF SHARES IS:
I. THEY ARE ISSUED TO DIRECTORS
II. THEY ARE ISSUED TO PROMOTERS
III. THEY ARE ISSUED TO EXISTING SHARE HOLDER TO THEIR
EXISTING SHARE HOLDING
125. THE ISSUE OF RIGHT SHARES SHALL BE MADE WITHIN:
I. UNLIMITED TIME
II. LIMITING TIME
III. 1 DAY
IV. 1 WEEK
126. A PUBLIC COMPANY CAN RAISED FURTHER CAPITAL WITHOUT
THE ISSUE OF RIGHT SHARES ON THE BASIS OF SPECIAL RESOLUTION
IF THE COMPANY HAS GOT PERMISSION FROM:
I. PROVISIONAL GOVERNMENT
II. SECP
III. DIRECTORS
IV. FEDERAL GOVERNMENT
127. A PUBLIC COMPANY MAY RESERVE A CERTAIN PERCENTAGE OF
SHARES/FURTHER ISSUE OF ITS EMPOLYEES UNDER:
I. COMPANY SCHEME
II. LABOUR SCHEME
III. EMPLOYEE STOCK OPTION SCHEME
IV. NONE
128. EMPLOYEE STOCK OPTION SCHEME SHOULD BE APPROVED BY:
I. PROVISIONAL GOVERNMENT
II. COMMISSION
III. SECP
IV. BOTH ii) & iii)
129. THE OFFER OF NEW SHARES SHALL BE STRICTLY IN PROPORTION
TO:
I. NUMBER OF EXISTING SHARE HOLDERS
II. NUMBER OF EXISTING DEBENTURE HOLDERS
III. NUMBER OF EXISTING SHARES HELD
IV. NUMBER OF EXISTING DEBENTURES HELD
130. THE OFFER OF NEW SHARES SHALL BE ACCOMPANIED BY A
CIRCULAR DULY SIGNED BY:
I. DIRECTORS OF THE COMPANY
II. OFFICERS OF THE COMPANY
III. REGISTRAR
IV. BOTH ii) & i)
131. THE CIRCULAR PUBLISHED BY THE COMPANY FOR THE ISSUE OF
RIGHT SHARES;IN THE FORM PRESCRIBED BY THE COMMISSION
CONTAIN INFORMATION ON:
I. ABOUT THE AFFAIRS OF THE COMPANY
II. LATEST STAEMENT OF THE ACCOUNTS
III. SETTING FORTH THE NECESSITY FOR THE ISSUE OF
FURTHER SHARE
132. A COPY OR CIRCULAR FOR ISSUE OF FURTHER SHARES DULY
SIGNED BY DIRSCTORS OR ON AN OFFICER AUTHORISED SHALL BE
FILED WITH _________ BEFORE CIECULAR IS SENT TO SHAREHOLDER:
I. COMMISSION
II. FEDERAL GAVERNMENT
III. PROVIONAL GOVERNMENT
IV. REGISTRAR
133. THE CIRCULAR SHALL SPECIFY A DATE BY WHICH THE OFFICER,
IF NOT ACCEPTED:
I. WILL BE DEEMED TO BE DECLINED
II. WILL NOT BE DEEMED TO BE DECLINED
III. THEY SHARES CAN BE ISSUED IN SUCH A MANNER AS
THEY DEEM FIT
IV. BOTH i) & iii)
134. IF A COMPANY INTENDS TO HAVE DIFFERENT KINDS OF SHARE
CAPITAL AND CLASSES OF SHARES THEREIN; IT SHALL SO
SPECIFICALLY SO PROVIDE IN ITS:
I. MEMORANDUM
II. ARTICLES
III. BOTH
IV. NONE
135. NO COMPANY SHALL ISSUE:
I. FULLY PAID SHARES
II. QUARTERLY PAID SHARES
III. PARTLY PAID SHARES
IV. ALL
136. IF A COMPANY HAS PARTLY PAID SHARES ON THE
COMMENCEMENT OF THIS ORDINANCE, IT:
I. SHALL NOT FURTHER SHARE CAPITAL
II. ALL THE SHARES PREVIOUSLY ISSUED HAVE BECOME
FULLY PAID UP
III. SHALL PAY DIVIDEND ONLY IN PROPORTION TO THE
AMOUNT PAID ON EACH SHARES
137. A COMPANY LIMITED BY SHARES;IF SO AYTHORISED BY ITS
ARTICLES MAY ALTER THE CONDITIONS OF ITS:
I. ARTICLES
II. RESOLUTIONS
III. AGM
IV. MEMORANDUM
138. A COMPANY LIMITED BY SHARES; IF SO AUTHORISED BY ITS
ARTICLES, MAY ALTER THE CONDITIONS OF ITS MEMORANDUN SO
AS TO:
I. INCREASE ITS SHARE CAPITAL BY SUCH AMOUNT AS IT
THINKS EXPEDIENT
II. CONSOLIDATE AND DIVIDE THE WHOLE OR ANY PART OF
ITS SHARE CAPITAL INTO LARGER AMOUNT
III. SUB-DIVIDE ITS SHARE, OR ANY OF THEM INTO SMALLER
AMOUNT
139. IN THE EVENT OF CONSOLIDATION OR SUB DIVISION OF
SHARES ,RIGHTS ATTACHING TO NEW SHARES SHALL BE STRICTLY
PROPORTIONAL TO RIGHTS ATTACHING TO:
I. EXITING SHARES
II. PREFERRED SHARES
III. PREVIOUS SHARES
IV. BOTH i) & iii)
140. THE NEW SHARES ISSUED BY A COMPANY SHALL RANK
__________ WITH EXISTING SHARES OF THE CLAS TO WHICH THE NEW
SHARES BELONG TO ALL ITS MATTERS:
I. MODUS OPERENDIE
II. BONAFIDE
III. PARI PASSU
IV. NONE
141. THE COMPANY SHALL FILE WITH THE REGISTRAR NOTICE OF
EXERCISE OF ANY POWER REFER TO POWER OF A COMPANY LIMITED
BY SHARES TO ALTER ITS SHARE CAPITAL WITHIN __________ DAYS
FROM THE EXERCISE THEREOF:
I. 21 DAYS
II. 25 DAYS
III. 15 DAYS
IV. 35 DAYS
142. A COMPANY SHALL AS FROM THE DAYS ON WHICH IT BEGINS TO
CARRY ON BUSSINESS OR AS FROM _______ DAY AFTER THE DATE OF
ITS INCORPORATION, WHICHEVER IS EARLIER, HAVE A REGISTERED
OFFICE:
I. 25 DAYS
II. 15 DAYS
III. 28 DAYS
IV. 40 DAYS
143.IF THE COMPANY FAILS TO REQUIREMENTS GIVEN ABOVE IT
SHALL AND EVERY OFFICER OF THE COMPANY WHO KNOWINGLY OR
WILLFULLY AYTHORISES OR PERMITS THE DEFAULT SHALL LAIBLE
TO A FINE NOT EXCEEDING ________ FOR EVERY DAY DURING WHICH
SUCH COMPLIANCE CONTINUES:
I. 15000
II. 10000
III. 200
IV. 500
144. EVERY ___________ COMPANY SHALL POINT OR AFFIX AND KEEP
PAINTED OR AFFIXED, ITS NAME ON THE OUTSIDE OF EVERY OFFICE
OR PLACE IN WHICH ITS BUSINESS CARRIED ON, IN A CONSPICUOUS
POSITION:
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. LIMITED COMPANY
IV. UNLIMITED COMPANY
145.THE NAME OF THE LIMITED COMPANY PAINTED OR AFFIXED
SHOULD BE LEGIBLE AND IN:
I. ENGLISH
II. URDU
III. BOTH
IV. NONE
146. A LIMITED COMPANY SHALL HAVE ITS NAME ENGRAVEN IN
LEGIBLE ENGLISH OR URDU CHARACTERS ON ITS:
I. SEAL
II. LETTERS
III. HUNDIS
147. A COMPANY OR OFFICER OF THE COMPANY WHO KNOWINGLY A
PARTY MAKES DEFAULT IN COMLYING WITH THW REQUIREMENTS
OF PUBLICATION OF AUTHORISED AS WELL AS PAID UP CAPITAL
SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO
I. 10000
II. 5000
III. 7000
IV. 8000
148. A PUBLIC COMPANY SHALL NOT COMMENCE ANY BUSINESS
UNLESS:
I. IT HAS RECEIVED MINIMUM SUBCRIPTION OF SHARES
II. DIRECTORS OF THE COMPANY HAS PAID FULL AMOUNT OF
SHARES TAKEN
III. IT HAS REPAID ALL MONEY TO APPLICANTS IN CSAE OF
FAILURE
149. IF A COMPANY SHALL NOT ISSUE PROSPECTUS INVITING THE
PUBLIC TO SUBCRIBE FOR ITS SHARES, THERE HAS BEEN FILED WITH
THE REGISTRAR A STATEMENT:
I. IN SUBSTITUTE OF PROSPECTUS
II. FOR NOT DISCLOSING PROSPECTUS
III. IN LIEU OF PROSPECTUS
IV. BOTH i) & iii)
150. IF THE COMPANY IS DOING OR BORROWING ULTRA VIRUS;
EVERY PERSON OR OFFICER WHO IS RESPONSIBLE FOR
CONTRAVENTION, SHALL WITHOUT PREJUDICE TO OTHER
LIABILITIES BE LIABLE TO A FINE NOT EXCEEDING ________ FOR
EVERY DAY DUARING WHICH THE CONTRAVENTION CONTINUES:
I. 5000
II. 2000
III. 1000
IV. 1500
151. THE SECTION 146 OF RESTRICTIONS ON COMMENCEMENT OF
BUSINESS SHLL NOT APPLY TO:
I. PRIVATE COMPANY
II. COMPANY LIMITED BY GAURANTEE
III. COMPANY NOT HAVING SHARE CAPITAL
152. EVERY COMPANY LIMITED BY SHARES AND EVERY COMPANY
LIMITED BY GAYRANTEE AND HAVING A SHARE CAPITAL, WITHIN A
PERIOD OF NOT LESS ________ FRON THE DATE AT WHICH COMPANY
IS ENTITLES TO COMMENCE HOLD A GENERAL MEETING OF THE
MEMBERS OF THE COMPANY:
I. 3 MONTHS
II. 4 MONTHS
III. 5 MONTHS
IV. 6 MONTHS
153. THE CASE ABOVE THE MAXIMUM PERIOD FOR HOLDING A
GENERAL MEETING OF MEMBERS OF THE COMPANY:
I. 6 MONTHS
II. 7 MONTHS
III. 9 MONTHS
IV. 8 MONTHS
154. THE GENERAL MEETING SHALL BE CALLED:
I. RESOLUTION
II. STATUTORY MEETING
III. BOTH
IV. NONE
155. THE DIRECTORS SHALL, AT LEAST __________ BEFORE THE DATE
ON WHICH MEETING IS HELD, FORWARD A REPORT, IN THIS
ORDINANCE REFFERED AS THE STATUTORY REPORT TO EVER
MEMBER:
I. 40 DAYS
II. 25 DAYS
III. 20 DAYS
IV. 21 DAYS
156. THE STATUTORY REPORT SHALL BE CERTIFIED BY NOT LESS
THAN:
I. 2 DIRECTORS
II. 5 DIRECTORS
III. 3 DIRECTORS
IV. 7 DIRECTORS
157. THE STATUTORY REPORT CERTIFIED BY THREE DIRECTORS, ONE
OF WHOM SHALL BE:
I. OWNER OF THE COMPANY
II. SHAREHOLDER OF THE COMPANY
III. CHIEF EXECUTIVE OF THE COMPANY
IV. NONE
158. THE STATUTORY REPORT SHALL STATE:
I. TOTAL AMOUNT OF SHARES
II. DISTINGUISHING SHARES ALLOTED OTHERWISE THAN IN
CASH
III. TOTAL AMOUNT OF CASH RECEIVED BY THE COMPANY IN
RESPECT OFF ALL SHARE ALLOTED
159. THE STATUTORY REPORT SHALL ALSO CONTAIN A BREIF
ACCOUNT OF STATE OF COMPANIES AFFAIRS SINCE ITS:
I. INCORPORATION
II. COMMENCEMENT
III. BEGINNING DAY
IV. NONE
160. THE DIRECTORS SHALL CAUSE AT LEAST ___________ COPIES OF
STATUTORY REPORT, CERTIFIED AS AFORESAID TO BE DELIVERED
TO THE REGISTRAR FOR REGISTRATION FORTHWITH AGTER SENDING
THE REPORT TO THE MEMBERS OF THE COMPANY:
I. 5
II. 6
III. 7
IV. 15
161. THE RESOLUTION OF WHICH NOTICE HAS NOT BEEN GIVEN IN
ACCORDANCE WITH THE ARTICLES MAY BE:
I. PASSED
II. MAY NOT BE PASSED
III. AS THE CASE MAY OR MAY NOT BE PASSED
IV. ONLY I)
162. THE SECTION RELATING TO “STATUTORY MEETING OF
COMPANY”IN THE EVENT OF DEFAULT IN COMLYING WITH THE
PROVISIONS OF ANY OF THE SUB-SECTIONS;IF DEFAULT RELATES A
LISTED COMPANYA FINE NOT LESS THAN _____________ AND NOT
EXCEEDING _________:
I. 10000 --- 15000
II. 10000 ---25000
III. 10000 ---20000
IV. NONE
163. IN CASE OF CONTINUING DEFAULT TO FURTHER FINE NOT
EXCEEDING _________ FOR EVERY DAY AFTER THE DURING WHICH
DEFAULT CONTINUES:
I. 1000
II. 5000
III. 2000
IV. 3000
164. IF DEFAULTS RELATES TO OTHER THAN LISTED COMPANY, TO A
FINE NOT EXCEEDING __________ RUPEES AND IN CASE OF
CONTINUING DEFAULT TO FUTHER FINE NOT EXCEEDING __________
FOR EVERY DAY THE FIRST DURING WHICH DEFAULT COMTINUES:
I. 5000 ---300
II. 5000 --- 100
III. 5000 --- 200
IV. NONE
165. THE SECTION “STATUTORY MEETING OF THE COMPANY” SHALL
NOT APPLY TO:
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. COMPANY LIMITED BY GAURANTEE
IV. ALL
166. IF A PUBLIC IS CONVERTED INTO COMPANY LIMITED BY
GAURANTEE THEN THIS SECTION SHALL:
I. NOT APPLY
II. APPLY
III. SHALL OR NOT APPLY
IV. NONE
167. IF A PUBLIC CONVERTS ITSELF FROM A PRIVATE AFTER
___________ YEAR OF INCORPORATION, THIS SECTION SHALL NOT
APPLY:
I. 2YEARS
II. 3 YEARS
III. 1 YEAR
IV. 5 YEARS
168. EVERY COMPANY SHALL HOLD, IN ADDITION TO ANY OTHER
MEETING, A GENERAL MEETING AND ITS GENERAL MEETING, WITHIN
________ MONTHS FROM THE DATE OF ITS INCORPORATION:
I. 12 MONTHS
II. 15 MONTHS
III. 18 MONTHS
IV. 16 MONTHS
169. ANNUAL GENERAL MEETING IN EVERY CALENDAR YEAR WITHIN
A PERIOD OF _________ MONTH FOLLOWING THE CLOSE OF ITS
FINANCIAL YEAR:
I. 5
II. 3
III. 4
IV. 7
170. THE MAXIMUM PERIOD AFTER THE HOLDING OF ITS LOST
PREECEDING ANNUAL GENERAL MEETING IS:
I. 18 MONTHS
II. 15 MONTHS
III. 13 MONTHS
IV. 14 MONTHS
171. IN CASE OF LISTED COMPANY;THE REGISTRAR MAY GIVE TIME IF
NOT BEING THE FIRST SUCH MEETING HELD, SHALL BE HELD BY A
PERIOD NOT EXCEEDING:
I. 40 DAYS
II. 35 DAYS
III. 45 DAYS
IV. 30 DAYS
172. IN CASE OF LISTED COMPANY; AGM WILL BE HELD IN ATOWN IN
WHICH:
I. COMPANY HAS FACTORY
II. COMPANY IS WORKING
III. ITS REGISTERED OFFICE IS EXISTING
IV. BOTH I) & III)
173. THE NOTICE OF AGM, IN CASE OF ITS BEING DISPATCHED IN
NORMAL COURSE, SHALL ALSO BE PUNISHED AT LEAST IN ONE ISSUE
OF:
I. DAILY NEWSPAPER ENGLISH
II. DAILY NEWSPAPER URDU
III. BOTH
IV. NONE
174. THE PUBLICATION OF NOTICE OF AGM IN NEWSPAPERS,THESE
NEWSPAPER HAVING CIRCULATION IN PROVINCE IN WHICH:
I. COMPANY HAS REGISTERED OFFICE
II. COMPANY IS WORKING
III. BOD LIVES
IV. THE STOCK EXCHANGE ON WHICH THE COMPANY IS
LISTED
175. IF DEFAULT IS MADE IN COMLPLYING WITH THE REQUIREMENT
OF ANNUAL GENERAL MEETING, IF THE DEFAULT RELATES TO
LISTED COMPANY THE FINE:
I. >50,000 < =500,000
II. >20,000 < 400,000
III. <50,000 > 500,000
IV. >10,000 < 200,000
176. IN CASE OF CONTINUING DEFAULT A FURTHER FINE NOT
EXCEEDING _________ FOR EVERY DAY AFTER THE FIRST DURING
WHICH THE DEFAULT CONTINUES:
I. 5000
II. 3000
III. 4000
IV. 2000
177. IF DEFAULT RELATES TO ANOTHER COMPANY, TO A FINE
_______:
I. 500,000
II. 200,000
III. 100,000
IV. NONE
178. IN CASE OF CONTINUING DEFAULT A FURTHER FINE NOT
EXCEEDING ________FOR EVERY DAY AFTER THE FIRST DURING
WHICH DEFAULT CONTIUES:
I. 700
II. 900
III. 600
IV. 500
179. ALL GENERAL MEETINGS OTHER THAN “ANNUAL GENERAL
MEETING” AND “STATUTORY MEETING”ARE CALLED:
I. SPECIAL RESOLUTION
II. SPECIAL MEETINGS
III. ORDINARY MEETINGS
IV. EXTRA ORDINARY MEETINGS
180. THE DIRECTORS MAY AT ANY TIME CALL AN EXTRA ORDINARY
GENERAL MEETINGD; THE MINIMUM VOTING POWER OF MEMBERS
TO PROCEED TO CALL AN EXTRA ORDINARY GENERAL MEETING:
I. 1/5
II. 3/4
III. 1/10
IV. NONE
181. IF THE DIRECTORS DO NOT PROCEED WITHIN 21 DAYS FROM THE
DATE OF REQUISITION BEING SO DEPOSITED TO CAUSE A MEETING
TO BE CALLED, THE REQUISITIONISTS MAY THEMSELVES CALL THE
MEETING, BUT IN EITHER CASE ANY MEETING SO CALLED SHALL BE
HELD WITHIN ______ FROM THE DATE OF DEPOSIT OF THE
REQUISITION:
I. 5 MONTHS
II. 4 MONTHS
III. 3 MONTHS
IV. 6 MONTHS
182. THE NOTICE OF EXTRA ORDINARY GENERAL MEETING SHALL BE
SENT TO MEMBERS AT LEAST ______BEFORE THE DATE OF MEETING:
I. 28 DAYS
II. 21 DAYS
III. 40 DAYS
IV. 50 DAYS
183. IN CASE OF DEFAULT;EVERY OFFICER WHO KNOWINGLY OR
WILLFULLY FAILS TO COMPLY WITH ANY OF THE PROVISIONS OF
THIS SECTION, IF THE DEFAULT RELATES TO A PUBLIC
COMAPNBY,TO A FINE:
I. >10,000<=20,000
II. >10,000<15,000
III. >5,000<10,000
IV. >50,000<100,000
184. IN CASE OF CONTINUING DEFAULT TO FURTHER FINE WHICH
MAY EXTEND TO ________ FOR EVERY DAY AFTER THE FIRST DURING
WHICH DEFAULT CONTINUES:
I. 5,000
II. 3,000
III. 2,000
IV. 10,000
185. IF THE DEAFULT RELATES TO OTHER COMPANY; TO A FINE
WHICH MAY EXTEND TO:
I. 6,000
II. 5,000
III. 3,000
IV. 2,000
186. IF THE DEFAULT CONTINUES, A FURTHER FINE WHICH MAY
EXTEND TO __________ FOR EVERY DAY AFTER THE FIRST DURING
WHICH THE DEFAULT CONTINUES:
I. 500
II. 200
III. 300
IV. 700
187. THE NOTICE OF MEETING SHALL SPECIFY:
I. THE PLACE
II. THE DAY
III. AN HOUR OF THE MEETING
IV. STATEMENT OF BUSINESS TO BE TRANSACTED AT THE
MEETING
V. ALL OF THE ABOVE
188. THE NOTICE OF MEETING SHALL BE GIVEN:
I. EVERY MEMBER OF THE COMPANY
II. TO ANY PERSON ENTITLED TO SHARES IN CONSEQUENCE
OF DEATH OF A MEMBER
III. THE AUDITOR OR AUDITORS OF THE COMPANY
189. THE QUORUM OF A GENERAL MEETING, IN CASE OF PUBLIC
COMPANY:
I. 5 MEMBERS
II. 15 MEMBERS
III. 20 MEMBERS
IV. 10 MEMBERS
190. THE QUORUM OF A GENERAL MEETING IN CASE OF PUBLIC
COMPANY, SHOULD BE 10 MEMBERS AND WHO REPRESENT NOT LESS
THAN _______ OF THE TOTAL VOTING POWER:
I. 15%
II. 20%
III. 25%
IV. 50%
191. IN CASE OF (ANY OTHER) COMPANY, THE QUORUM SHOULD BE:
I. 5 MEMBERS
II. 10 MEMBERS
III. 2 MEMBERS
IV. 3 MEMBERS
192. IN CASE OF ( ANY OTHER) COMPANY, THE QUORUM SHOULD BE 2
MEMBERS, WHO REPRESENT NOT LESS THAN ________ OF THE
VOTING POWER:
I. 25%
II. 15%
III. 35%
IV. 20%
193. IN CASE OF SINGLE MEMBER COMPANY; THE REQUIREMENT FOR
THE QUORUM SHOULD BE:
I. 5 MEMBERS
II. 3 MEMBERS
III. SINGLE MEMBER
IV. NONE
194. THE MINIMUM TIME DURING WHICH IS QUORUM IS NOT
PRESENT;THE MEETING,IF CALLED UPON THE REQUISITION OF THE
MEMBERS, SHALL BE DISSOLVED
I. 45 MINUTES
II. 20 MINUTES
III. 35 MINUTES
IV. 30 MINUTES
195. IF AT ADJOURNED MEETING A QUORUM IS NOT PRESENT WITHIN
HALF AN HOUR FROM THE TIME APPOINTED FOR THE MEETING;THE
MEMBERS PRESENT BEING NOT LESS THAN ________ SHALL BE A
QUORUM, UNLESS THE ARTICLES PROVIDE OTHERWISE:
I. 5 MEMBERS
II. 3 MEMBERS
III. 7 MEMBERS
IV. 2 MEMBERS
196. WHO WILL BE PRESIDE AS CHAIRMAN AT EVERY GENERAL
MEETING OF THE COMPANY:
I. REGISTRAR
II. OFFICER OF THE COMPANY
III. CHAIRMAN OF AGM
IV. CHAIRMAN OF BOD
197. AT THE TIME OF VOTING WHICH SHARES SHALL , BE TAKEN INTO
ACCOUNT:
I. FULLY PAID UP
II. PARTIALLY PAID UP
III. FRACTIONAL SHARES
IV. BOTH II) & III)
198. IN CASE OF COMPANY LIMITED BY GAURANTEE AND HAVING NO
SHARE CAPITAL, EVERY MEMBER THEREOF SHALL HAVE:
I. 10 VOTES
II. 5 VOTES
III. 3 VOTES
IV. 1 VOTE
199. IN CASE OF ANY DEFAULT ,EVERY OFFICER WHO KNOWING OR
WILLFULLY FAILS TO COMPLY WITH PROVISIONS AS TO MEETINGS
AND VOTES, IN CASE OF LISTED COMPANY TO FINE WHICH MAT
EXTEND TO___________ RUPEES:
I. 20,000
II. 30,000
III. 50,000
IV. 10,000
200. IN CASE OF CONTINUING DEFAULT TO AFURTHER FINE WHICH
MAY EXTEND TO _______ FOR EVERY DAY AFTER THE FIRST DURING
WHICH THE DEAFULT CONTINUES:
I. 5,000
II. 3,000
III. 2,000
IV. NONE
201. IF THE DEAFULT RELATES TO ANY OTHER COMPANY, TO AFINE
NOT EXCEEDING ________ RUPEES:
I. 15,000
II. 10,000
III. 5,000
IV. 1,000
202. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH
MAY EXTEND TO _______ RIPEES FOR EVERY DAY AFTER THE FIRST
DURING WHICH DEFAULT CONTINUES:
I. 500
II. 200
III. 100
IV. 1,000
203. PROXIES CAN’T BE APPOINTED IN CASE OF COMPANY:
I. LIMITED BY GAURANTEE
II. LISTED COMPANY
III. COMPANY NOT HAVING SHARE CAPITAL
IV. NONE
204. IF A MEMBER APPOINTS MORE THAN ONE PROXIES THEN THIS IS:
I. VOID
II. VOIDABLE
III. VOID AB INITIO
IV. INVALID
205. A PROXY MUST BE A ____ UNLESS THE ARTICLES OF THE
COMPANY PERMITS APPOINTMENT OF A NON-MEMBER AS PROXY:
DIRECTOR
I. AUDITOR
II. SHAREHOLDER
III. MEMBER
IV. BOTH III) & IV)
206. THE PROXIES SHALL BE LODGED WITH THE COMPANY NOT
LATER THAN ______BEFORE THE TIME OF MEETING:
I. 24 HOURS
II. 48 HOURS
III. 12 HOURS
IV. NONE
207. IF THE PROXIES SHALL,SENT WITHIN 48 HOURS TO THE
COMPANY; THE PROVISIONS CONTRARY TO THE ARTICLES OF THE
COMPANY SHALL BE:
I. VALID
II. VOID
III. VOIDALBE
IV. BOTH II)& III)
208. IN CASE OF FAILURE TO THE PROVISIONS OF THIS SECTION; IN
CASE OF LISTED COMPNY A FINE WHICH MAY EXTEND TO:
I. 3,000
II. 4,000
III. 5,000
IV. 6,000
209. IN CASE OF ANY OTHER COMPANY A FINE WHICH MAY EXTEND
TO _______ RUPEES
I. 3,000
II. 4,000
III. 3,000
IV. 2,000
210. IN SHOW OF HANDS, EVERY MEMBER HAS ONE VOTE AND
PROXY:
I. IS COUNTED
II. IS NOT COUNTED
III. ONLY I)
IV. BOTH I) & II)
211. IN CASE OF POLL; VOTE IS COSTED AGIANST:
I. DEBENTURES
II. SECURITIES
III. SHARES
IV. NONE
212. IN CASE OF POLL DEMAND; EVEN PROXY:
I. IS NOT ALLOWED
II. IS ALLOWED
III. ONLY I)
IV. NONE
213. BEFORE OR ON THE DECLARATION OF THE RESULT OF VOTING
ON ANY RESOLUTION ON A SHOW OF HAND, ADEMAND FOR POLL
CAN BE MADE; IF IN CASE OF PUBLIC COMPANY, BY AT LEAST
____________ MEMBERS HAVING THE RIGHT TO VOTE ON THRE
RESOLUTION AND PRESENT IN PERSON OR BY PROXY:
I. 5 MEMBERS
II. 7 MEMBERS
III. 6 MEMBERS
IV. 10 MEMBERS
214. IN CASE OF PRIVATE COMPANY; A DEMAND FOR POLL CAN BE
MADE BY:
I. 3 MEMBERS
II. 5 MEMBERS
III. 1 MEMBER
IV. 7 MEMBERS
215. IF NOT MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY
PRESENT AND BY ________ SUCH MEMBERS PRESENT IN PERSON OR
BY PROXY IF MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY
PRESENT:
I. 5
II. 3
III. 4
IV. 2
216. A DEMAND FOR POLL CAN BE MADE BY ANY MEMBER OR
MEMBERS PRESENT IN PERSON OR BY PROXY AND HAVING NOT LESS
THAN _________ OF THE TOTAL VOTING POWER IN RESPECT OF
RESOLUTION:
I. 3/4 TH
II. 5/10 TH
III. 2/10 TH
IV. 1/10 TH
217. A POLL DEMAND ON THE ELECTION OF A CHAIRMAN OR ON THE
QUESTION OF ADJOURNMENT SHALL BE TAKEN FORTHWITH AND A
POLL DEMANDED ON ANY OTHER QUESTION SHALL BE TAKEN AT
SUCH TIME, NOT MORE THAN __________ DAYS FROM THE DAY ON
WHICH IT IS DEMANDED, AS THE CHAIRMAN OF THE MEETING MAY
DIRECT:
I. 21 DAYS
II. 40 DAYS
III. 14 DAYS
IV. 41 DAYS
218. A COPY OF THE MINUTES OF MEETING OF THE BOARD
OF DIRECTORS SHALL BE FURNISHED TO EVERY DIRECTOR WITHIN
________ DAYS OF THE DATE OF MEETING
I. 7 DAYS
II. 14 DAYS
III. 21 DAYS
IV. 40 DAYS
219. THE BOOKS CONTAINING THE MINUTES OF PROCEEDINGS OF THE
GENERAL MEETINGS OF A COMPANY AND THOSE OF THE MEETINGS
OF THE DIRECTORS AND COMMITTEE OF DIRECTORS SHALL BE KEPT
AT THE REGISTERED:
I. OFFICE OF THE SECP
II. STOCK EXCHANGE
III. OFFICE OF THE COMPANY
IV. NONE
220. IN THE EVENT OF FALIURE EVERY OFFICER OF THE COMPANY
WHO KNOWINGLY OR WILLFULLY IN DEFAULT SHALL BE LIABLE TO
A FINE WHICH MAY EXTEND TO:
I. 3,000
II. 5,000
III. 7,000
IV. 3,500
221. A FURTHER FINE WHICH MAY EXTEND TO ________ RUPEES FOR
EVERY DY AFTER THE FIRST DAY DURING WHICH FAILURE
CONTINUES:
I. 500
II. 300
III. 200
IV. 100
222. THE MINUTES OF THE GENERAL MEETINGS CAN BE INSPECTED
BY THE MEMBERS DURING THE BUSSNIESS HOURS, SUBJECT TO
SUCH REASONBALE RESTRICTIONS AS THE COMPANY MAY BY ITS
ARTICLES OR IN GENERAL MEETING IMPOSE SO THAT NOT LESS
THAN ________ HOURS IN EACH DAYS BE ALLOWED FOR
INSPECTIONS:
I. 5 HOURS
II. 3 HOURS
III. 2 HOURS
IV. 7 HOURS
223. ANY MEMBER SHALL AT ANY TIME AFTER SEVEN DAYS FROM
THE MEETING BE ENTITLED TO BE FURNISHED, WITHIN __________
DAYS IN THAT BEHALF TO THE COMPANY, WITH A CERTIFIED COPY
OF THE MINUTES OF ANY GENERAL MEETINGS AT SUCH CHARGENOT
ERXCEEDING THE PRTESCRIBED AMOUNT AS MAY BE FIXED BY THE
COMPANY:
I. 5 DAYS
II. 6 DAYS
III. 3 DAYS
IV. 1 WEEK
224. IN CASE DEFAULT OF THE PROVISIONS DESCRIBEDABOVE IN (223
& (224), EVER OFFICER OF THE COMPANYWHO IS KNOWINGLY OR
WILLFULLY IN DEFAULT SHALL BE LIABLE IN RESPECT OF EACH
OFFENCE TO A FINE WHICH MAY EXTEND TO:
I. 2,000
II. 3,000
III. 1,000
IV. NONE
MAY EXTEND TO __________FOR EVERY DAY AFTER THE FIRST DAY
DURING WHICH THE DEFAULT CONTINUES:
I. 20
II. 50
III. 100
IV. 150
226. MINIMUM NUMBER OF DIRECTORS, IN CASE OF LISTED PUBLIC
COMPANY:
I. 5
II. 3
III. 2
IV. 7
227. IN CASE OF PRIVATE COMPANY
I. 7
II. 4
III. 2
IV. NONE
228. FOR UNLISTED PUBLIC COMPANY:
I. 5
II. 7
III. 3
IV. 1
229. SINGLE MEMBER COMPANY:
I. 7
II. 2
III. 1
IV. 3
230. IF THE DIRECTORS ARE NOT APPOINTED BY VIRTUE OF
ARTICLES, WHO ELECT THE DIRECTORS:
I. REGISTRAR
II. PROMOTERS
III. SUBCRIBER
IV. OWNERS
231. SUBSCRIBERS ELECT THE DIRECTORS WITHIN ____ DAYS FROM
THE DATE OF INCORPORATION:
I. 21 DAYS
II. 28 DAYS
III. 15 DAYS
IV. NONE
232. FIRST DIRCTORS HOLD THE OFFICE UPTILL THE HOLDING OF
____________ AND TAKING OVER THE OFFICER BY THE NEXT BOARD
OF DIRECTORS:
I. EOGM
II. SPECIAL RESOLUTION
III. GENERAL MEETING
IV. FIRST AGM
233. THE DIRECTORS OF A COMPANY SHALL SUBJECT TO SECTION
174,FIX THE NUMBER OF ELECTED DIRECTORS NOT LATER THAN
__________ BEFORE CONVENING OF GENERAL MEETING AT WHICH
DIRECTORS ARE TO BE ELECTED:
I. 30 DAYS
II. 35 DAYS
III. 40 DAYS
IV. 48 DAYS
234. ANY PERSON WHO SEEKS TO CONTEST AN ELECTION TO THE
OFFICE OF DIRECTORS SHALL, WHETHER HE IS RETIRING DIRECTORS
OR OTHERWISE, FILE WITH THE COMPANY NO LATER THAN
__________ BEFORE THE DATE OF MEETING AT WHICH ELECTIONS
ARE TO BE HALD:
I. 21 DAYS
II. 35 DAYS
III. 14 DAYS
IV. 41 DAYS
235. ALL NOTICES RECEIVED BY THE COMPANY IN PURSUANCE OF
ABOVE SUB-SECTION SHALL BE TRANSMITTED TO THE MEMBERS
NOT LATER THAN _________ BEFORE THE DATE OF THE MEETING:
I. 14 DAYS
II. 7 DAYS
III. 21 DAYS
IV. 28 DAYS
236. NO PERSON SHALL BE APPOINTED OR NOMINATED AS A
DIRECTOR OR CHIEF EXECUTIVE OF COMPANY OR REPRESENT AS
HOLDING SUCH OFFICE UNLESS SUCH PERSON OR SUCH OTHER
PERSON HAS GIVEN:
I. APPOINTED LETTER
II. HIS CONSENT IN WRITING FOR SUCH APPOINTMENT
III. BOTH
IV. NONE
237. WITHIN ___ DAYS FROEM THE DATE OF APPOINTMENT A
NOMINATION, AS THE CASE MAY BE, THE COMPANY SHALL FILE
WITH THE REGISTRAR A LIST OF PERSONS WHO HAVE CONSENTED
TO ACT AS DIRECTOR OR CHIEF EXECUTIVE OF THE COMPANY
ALONG WITH THE CONSENT TO DO SO IN THE PERSCRIBED FORM:
I. 21 DAYS
II. 35 DAYS
III. 14 DAYS
IV. NONE
238. NO PERSON SHALL BE APPOINTED AS A DIRECTOR OF A
COMPANY IF HE:
I. MINOR
II. OF UNSOUND MIND
III. INSOLVENT
IV. ALL
239. IF A PERSON HAS BEEN CONVICTED BY A COURT OF LAW FOR AN
OFFENCE INVOLVING MORAL TURPITUDE; HE CAN’T BE:
I. CHIEF EXECUTIVE
II. OFFICER OF THE COMPANY
III. DIRECTOR
IV. NONE
240. IF A PERSON HAS BETRAYED LACK OF FUDICIARY BEHAVIOUR
AND A DECLARATION TO THIS EFFECT HAS BEEN MADE BY COURT
AT ANY TIME DURING THE PRECEEDING FIVE YEARS, HE SHALL NOT
BE APPOINTED AS:
I. OFFICER OF THE COMPANY
II. REGISTRAR OF THE COMPANY
III. SECRETARY OF THE COMPANY
IV. DIRECTOR OF THE COMPANY
241. A DIRCTOE SHALL ISPSO FACTO CEASE TO HLD OFFICE IF:
I. HE BECOMES INELIGIBLE TO APPOINTED A DIRECTOR
II. HE ABSENTS HIMSELF FROM THREE CONSECUTIVE
MEETINGS OF DIRECTORS
III. HE ABSENTS FROM ALL THE MEETINGS OF DIRECTORS
FOR A CONTINUES PERIOD OF THREE MONTHS
242. EVERY COMPNAY, SHALL HAVE A CHIEF EXECUTIVE EXCEPT
OTHER THAN A COMPANY:
I. MANAGED BY A MANAGING AGENT
II. MANAGED BY A PROFESSIONAL BODY
III. MANGED BY DIRECTORS
IV. NONE
243. THE DIRECTOR OF EVERY COMPANY SHALL AS FROM THE DATE
FROM WHICH IT COMMENCES BUSINESS OR AS FROM A DATE NOT
LATER THAN THE _______ AFTER THE DATE OF INCORPORATION:
I. 21 DAYS
II. 40 DAYS
III. 15 DAYS
IV. 14 DAYS
244. WITHIN _______ DAYS FROM THE DATE OF ELECTION OF
DIRECTORS OR THE OFFICE OF THE CHIEF EXECUTIVE FALLING
VACANT AS THE CASE MAY BE, THE DIRECTORS OF THE COMPANY
SHALL APPOINT ANY PERSON INCLUDING AN ELECTOR DIRECTOR,
TO BE THE CHIEF EXECUTIVE:
I. 28 DAYS
II. 7 DAYS
III. 14 DAYS
IV. 21 DAYS
245. THE APPOINTMENT OF THE CHIEF EXECUTIVE SHALL NOT BE
FOR A PERIOD EXCEEDING _________ YEARS FROM THE DATE OF
APPOINTMENT:
I. 5 YEARS
II. 3 YEARS
III. 4 YEARS
IV. 9 YEARS
246. THE CHIEF EXECUTIVE SHALL, IF HE IS NOT ALREADY A
DIRECTOR OF THE COMPANY, BE DEEMED TO BE ITS __________ AND
BE ENTITLED TO ALL RIGHTS AND PRIVILEGES, AND SUBJECT TO ALL
THE LIABILITIES, OF THAT OFFICE:
I. SECRETARY
II. OFFICER
III. DIRECTOR
IV. BOTH I) & III)
247. THE DIRECTORS OF ACOMPANY BY RESOLUTION PASSED BY NOT
LESS THAN __________ OF THE TOTAL NUMBER OF DIRECTORS FOR
THE TIME BEING OR THE COMPANY BY A SPECIAL RESOLUTION, MAY
REMOVE A CHIEF EXECUTIVE BEFORE THE EXPIRATION OF HIS TERM
OF OFFICE:
I. 1/10
II. 3/4
III. 1/2
IV. NONE
248. A CHIEF EXECUTIVE OF _________ COMPANY SHALL NOT
DIRECTLY OR INDIRECTLY ENGAGE IN ANY BUSINESS WHICH IS OF
SAME NATURE AND DIRECTLY COMPLETES WITH THE BUSINESS
CARRIED ON BY THE COMPANY OF WHICH HE IS CHIEF EXECUTIVE
OR BY A SUBSIDARY OF SUCH A COMPANY:
I. HOLDING COMPANY
II. SUBSIDARY COMPANY
III. PUBLIC COMPANY
IV. PRIVATE COMPANY
249. EVERY PERSON SHALL (INCLUDING DIRECTORS, OFFICERS,CHIEF
EXECUTIVE,MANAGING AGENT SECRETARY,CHIEF
ACCOUNTANT,AUDITORS AND LEGAL ADVISOR) SHALL WITHIN A
PERIOD OF _________ DAYS OF HIS APPOINTMENT OR ANY CHANGE
THERIN, AS THE CASE MAY BE, FURNISHED TO THE COMPANY THE
PARTICULARS(REGISTER OF DIRECTORS,OFFICERS,ETC)
I. 14 DAYS
II. 10 DAYS
III. 21 DAYS
IV. 40 DAYS
250. THE PERIOD WITHIN WHICH THE COMPANY SHALL FILE WITH
REGISTRAR A RETURN IN DUPLICATE IS TO FILED WITH THE
REGITRAR SHALL BE A PERIOD OF ___________FROM THE DATE OF
INCORPORATION:
I. 10 DAYS
II. 20 DAYS
III. 14 DAYS
IV. 28 DAYS
251. IF DEFAULT IS MADE IN COMPLYING WITH ABOVE SECTION, THE
COMPANY AND EVERY OFFICER OF THE COMPANY OR OTHER
PERSON WHO IS KNOWINGLY AND WILLFULLY IN DEFAULT SHALL
BE LIABLE TO A FINE WHICH MAY EXTEND TO:
I. 3,000
II. 5,000
III. 4,000
IV. 2,000
252. IN CASE OF CONTINUING DEFAULT, TO A FURTHER FINE WHICH
MAY EXTEND TO _______ FOR EVERY DAY AFTER THE FIRST DURING
WHICH DEFAULT CONTINUES:
I. 100
II. 200
III. 30
IV. 50
253. NO DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, CHIEF
ACCOUNTANT,SECRETARY OR AUDITOR OF A LISTED COMPANY &
NO PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIL
OWNER OF NOT LESS THAN _________ PERCENT OF LISTED EQUITY
SECURITIES OF SUCH COMPANY, SHALL PRACTICE DIRECTLY OR
INDIRECTLY SHAORT SELLING SUCH SECURITIES:
I. 5
II. 15
III. 10
IV. 20
254. WHERE ANY DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT,
CHIEF ACCOUNTANT, SECRETARY OR AUDITOR OF A LISTED
COMPANY OR ANY PERSON WHO IS DIRECTLY OR INDIRECTLY THE
BENEFICIAL OWNWE OF MORE THAN _______ % OF LISTED
SECURITIES MAKES ANY GAIN BY THE PURCHASE AND SALE OR
SALE AND PURCHASE:
I. 5
II. 10
III. 15
IV. 20
255. THE PURCHASE & SALE OR SALE & PURCHASE, OF ANY SUCH
SECURITY WITHIN PERIOD OF LESS:
I. 3 MONTHS
II. 5 MONTHS
III. 6 MONTHS
IV. 9 MONTHS
256. THE RESPONSIBLE PERSON (WHO SELL OR PURCHASE
SECURITIES) SHALL MAKE A REPORT AND TENDER THE AMOUNT OF
SUCH GAIN TO COMPANY AND SIMUTANEOUSLY SEND AN
INTIMATION TO THIS EFFECT TO THE REGISTRAR:
I. DIRECTORS
II. SECP
III. COMMISSION
IV. BOTH II) & III)
257. A PERSON WHO KNOWINGLY OR WILLFULLY CONTRAVENES OR
OTHERWISE FAIL TO COMPLY WUTH THE PROVISIONS OF THIS
SECTION SHALL BE LIABLE TO FINE WHICH MAY EXTEND TO:
I. 10,000
II. 20,000
III. 30,000
IV. 50,000
MAY EXTEND TO ________ FOR EVERY DAY AFTER THE FIRST
DURING WHICH SUCH DEFAULT CONTINUES:
I. 2,000
II. 3,000
III. 1,500
IV. 1,000
259. IF AN OFFICER OR OTHER AGENT OF A COMPANY OTHER THAN
___________ ENTERS INTO A CONTRACT FOR ON THE BEHALF OF
COMPANY:
I. PUBLIC COMPANY
II. PRIVATE COMPANY
III. HOLDING COMPANY
IV. NONE
260. IF IN THE CONTRACT THE COMPANY IS AN UNDISCLOSED
PRINCIPAL SHALL, AT THE TIME OF ENTERING INTO THE CONTRACT,
MAKE A ___________ IN WRITING OF TERMS OF THE CONTRACT AND
SPECIPY THEREIN THE PAERSON WITH WHICH IT HAS BEEN MADE:
I. ARTICLES
II. POLICY
III. MEMORANDUM
IV. LAW
261. IF ANY SUCH OFFICER OR OTHER AGENT MAKES DEFAUL IN
COMPLYING WITH THE REQUIREMENTS OF THIS SECTION, THE
CONTRACT SHALL, AT THE OPTION THE COMPANY BE _________ AS
AGAINST COMPANY:
I. VALID
II. VOIDABLE
III. VOID
IV. NONE
262. SUCH OFFICER OR OTHER AGENT SHALL BE LIABLE TO A FINE
NOT EXCEEDING:
I. 3,000
II. 5,000
III. 4,000
IV. 2,000
263. THE DIRECTORS OF EVERY COMPANY SHALL AT SOME DATE NOT
LATER THAN __________ AFTER THE INCORPORATION OF THE
COMPANY AND SUBSEQUENTLY ONCE AT LEAST IN EVERY
CALENDAR YEAR LAY BEFORE THE COUNTRY:
I. 15 MONTHS
II. 14 MONTHS
III. 16 MONTHS
IV. 18 MONTHS
264. IN CASE OF THE FIRST ACCOUNT FOR THE PERIOD SINCE THE
INCORPORATION OF THE COMPANY AND IN ANY OTHER SINCE THE
PRECEEDING ACCOUNT, MADE UP TO DATE NOT EARLIER THAN THE
DATE OF THE MEETING BY MORE THAN ____________ MONTHS:
I. 5
II. 3
III. 4
IV. NONE
265. IN CASE OF A LISTED COMPANY THE COMMISSION AND N ANY
OTHER CASE THE REGISTRAR MAY, FOR ANY SPECIAL REASON,
EXTEND THE PERIOD FOR A TERM NOT EXCEEDING _______ MONTHS
I. 1
II. 2
III. 3
IV. 6
266. THE PERIOD TO WHICH THE ACCOUNT AFORESAID RELTE SHALL
NOT EXCEED ___________ MONTHS EXCEPT WHERE SPECIAL
PERMISSION HAS BEEN GRANTED IN THE BEHALF OF THE
REGISTRAR:
I. 18 MONTHS
II. 16 MONTHS
III. 9 MONTHS
IV. 12 MONTHS
267. THE COPIES OF “FINANCIAL REPORT” & AUDIT REPOT SHAOULD
BE SEND TO EVERY MEMBERS OF THE COMPANY AT LEAST
__________ DAYS BEFORE MEETING AT WHICH IT IS TO BE LAID
BEFORE THE MEMBERS OF THE COMPANY:
I. 28 DAYS
II. 21 DAYS
III. 38 DAYS
IV. 40 DAYS
268. THE LISTED COMPANY SHOULD SIMULTANEOUSLY WITH THE
DISPATH OF REPORTS TO THE MEMBERS SEND _________ COPIES
EACH OF TO THE COMMISION, THE STOCK EXCHANGE & REGISTRAR:
I. 7
II. 3
III. 5
IV. NONE

MCQSs Company S

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MCQSs Company S

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"Company" is derived from the Latin word 'com', meaning 'together', and 'panis'--

another Latin word, meaning 'bread'. Coming together to make Bread

1. Mr. H wants to incorporate One Person Company individually. Can he do so?

Which of the following statements is not true?

Section 12 of Companies Act 1956, deals with

a. Incorporation b. Share capital c. Number of Directors

2. Minimum number of members required to apply for incorporation certificate in a

a. 3 b. 2 c. 7 d. 50

3. The application for registration of a company should be presented to the

4. The application for registration of a company should be presented to the

a. Controller b. registrar c. Governor d.

5. Number of documents to be submitted, by a public ltd company, to the registrar

a. 15 b. 30 c. 60 d. 45

1) Converting a public company into a private company requires a

(A) Passed by the members and with sanction of the central Government.

3) Legal position of a promoter of a company is.

a. Address of Registered office & undertaking b. Undertaking and

8. A statement of nominal capital must be given at the time of incorporation by the

a. 50 Lakh b. 1 crore c. 10 Lakh d. 25 Lakh

a. statement of capital b. certificate of incorporation

c. certificate of capital d. certificate of incorporation

10. The certificate of capital will be issued by

a. Registrar of companies Act b. Controller of companies

11. The articles of association needs to be signed by

a. all proposed directors b. registrar c. subscribers of

a. start of business b. Apply for registration

c. receive incorporation certificate d. mentioned in certificate

13. Number of clauses in Memorandum of Association is

14. Which of the following is not a clause of memorandum of association

a. Passing a special resolution b. obtaining permission

c. Passing an ordinary resolution d. Both a & b

16. Which of the following clause of Memorandum of Association cannot be

a. Name b. Object c. situation d. liability

a. 60 b. 45 c. 30 d. 7

a. Separate legal entity b. Perpetual Succession c. Capacity

19. The liability of the members of the company can be limited by

20. The shares of a _______________ company can be freely transferable

a. Private ltd b. Public ltd c. Partnership d. all

a. Registered company b. Public Ltd Company c. Private ltd

a. 1,00,000 b. 5,00,000 c. 50,00,000 d. none of

a. 1,00,000 b. 5,00,000 c. 50,00,000 d. none of

a.Subsidiary company b. Statutory Company c. Private

a. Central Government b. State government c. Both a & b

26. . A copy of the ________________ must accompany each from of application

a. Memorandum of association b. Prospectus

c. Articles of association d. None of the above

a. Prospectus b. statement in lieu of Prospectus c. certificate of

a. 30 b. 60 c. 90 d. 100

29._______________ capital means the sum mentioned in the capital clause of

a. Full capital b. Maximum capital c. share capital

a. Actual b. face c. Market d. dividend

a. Equity b. non preference c. Preference d. all

32._____________ share capital has priority both in repayment of dividend as well

a. Equity b. non preference c. Preference d. all

a. nominal capital b. reserve capital c. called up capital

a. Profit b. Market value c. dividend d.

a. Memorandum of Association b. Articles of Association c. Prospectus d. none of

37. A company is known as the _______company of another company if it has

a. subsidiary b. holding c. controlling d.

39.Private company prohibits any invitation or acceptance of deposits from persons

a. Members b. directors c. Partners d. banks

a. one city to another city b. with in the same city