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Question Text Question
The characteristic features of an Question 2 Question 3 Question 4
One-person-company is a kind of For a company limited by Which of the following is not a
incorporated company are stated
under of the Companies Act 2013 shares, which of the member in relation to an
following is correct incorporated company under the
Companies Act 2013
Options 1
Section 3
Private company Number of shares are the subscriber of the memorandum of
issued to a limited category the company whose names a re
of people entered in register of members
Options52 Section 5
Public company Dividend over each shares the employees of the company
are limited to pre-
determined percentage
Options 3 Section 7
Neither private company nor public Losses to the company and a person whose name is entered n
company the shareholders are the register of members of tne
|limited company
Options 4 Section9 None of the above
The liability of its members a beneficial owner of the srare of the
is limited to the amount company as per the records of the
unpaid, if any, on the depository
shares held by them

Options 5
Options 6
Right Answer
st Time User Id Question 1 User Response Question 2 User Response Question 3 User Response Question 4 User Res
21-11-17 09 3 C3417703514

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 Question S5 Question 6
ABC Co, s raving 10% share capita On the death of subscriber of
Question 7 Question 8 Question 9
ihe regulations for management of
heid by another Public Company and memorandum
a The provisions of the Companies Act On the registration of the
of one-person- company is contained in the 2013 have overriding effect over
25 %hec by Central Government and
company, the membership of the memorandum and the articles of the
65% he c oy pecple then that
company passes to company, the certificate of
Company s incorporation is issued by the
Government Company The legal heir{s) of the subscriber
Memorandum of the company Provisions of the memorandum Concerned registrar of companies

Private Company
The person identified as member of Articles of the company Provisions of the Articles The central government
the company by the directors of the

company

Public Company The person identified such, in the The memorandum as well the
memorandum of the company Articles of the Company
as
Provisions ofboth Memorandum and The Securities and Exchange of Board
Articies of India

None of these The person appointed by The rule-book of the company Neither the provisions of the The concerned State Government
tribunal/court as the member Memorandum of Article

Question 5 User Response Question 6 User Response Question 7 User Response Question 8 User Response Question 9 User Response
 Question 14 Question15
Question 10 Question 11 Question 12 Question 13
Which of the following Which of the following is Which of the following is not a

Turquand Rule is often associated The knowledge of act being The landmark caseof Salomon v.
defining feature of a permissible object for formation of a
with the doctrine has opposite legal outside the ostensible Salomon (1897) is often cited in not a
charitable purposes
company? companies with
implications than that of authority, acts as an reference to the
under Section 8 of Companies Act
the Doctrine of ultra vires exception to the liability
arising under

Doctrine of Indoor Doctrine of ultra vires |Perpetual succession of company

Perpetual succession Promotion of arts, science, education,
Doctrine of Constructive Notice research
Management

and be Promotion of commerce

Doctrine of Constructive |Doctrine of Constructive Transferable shares of the company Capacity to sue
Doctrine of ultra vires
Notice Notice Sued

Liability of the Promotion of religion

Doctrine of Indoor Management Doctrine of Lifting of Doctrine of Indoor The concept of Limited Liability Limited
|Corporate Veil Management company

Concept of independent corporate Independent personality All of the above are permissibie
None of the above None of the above Doctrine of Lifting of objects
Corporate Veil existence

Question 11 User Response Question 12 User Response Question 13 User Response Question 14 User Response Question 15 User Response
Question 10 User Response d

e r Kanmar
Question 16 Question 17 Question 19 Question 20
Question 18 A public company may issue securities
Registered memorandum and articles The earliest forms of present day in
Which of the following companies Provisions relating to alteration
have the effect of legally binding incorporated companies with of companies are by which of the following modes
transferable shares originated in
were amongst the first to be memorandum
Act
established and do trading with India? found in
ofthe Companies
2013

Only the company United States of America prospectus to public

Dutch East India Company Section 11 Through

Only the members having share

Netherlands English East India Company Section 12 Through private placement
capital

The members and the company

United Kingdom French East India Company Section 13 Througha rights issue or a bonus
issue
None of the above
Italy Portuguese East India Company Section 14 All of the above

Question 16 User Response Question 17 User Response Question 18 User Response Question 19 User Response Question 20 User Response
Question 21 Question 22
The term "securities" is defined under Question 23 Question 24 Question 25
|Issue and transfer of securities in
Prospectus inviting offers for the
respect of non-listed companies are
subscription or purchase of any
AShelf Prospectus may be valid for Criminal liability for misstatements
a in

maximum period of prospectus may be there against

administered by securities is required to be issued for

The Companies Act 2013 Concerned Registrar of Companies Public Company Six months from the date of opening Directors of the Company
of the first offer of securities under
that prospectus
The Securities and Exchange Board of|Central Government Private Company Six months from the date of filing with Persons holding top managerial
India Act 1992
the Registrar positions

The Securities Contracts (Regulation) The Securities and Exchange Board of Both Private and Public Company One year from the date of opening of Persons authorizing the issuance of
Act 1956 India the first offer of securities under that |such prospectus
prospectus
The Depositories Act 1996
None of the above None of the abovee
One year from the date of filing with All of the above
the Registrar

Question 21 User Response Question 22 User Response Question 23 User Response Question 24 User Response Question 25 User Response

Kumer
Question 26 Question 27 Question 28 Question 29 Question 30
Fraud under the Companies Act 2013 Which of the following securities A class action application under
The Share capital of a company Provisions relating loans by a
is defined under evidences a debt on the company? Section 245 of the Companies Act
limited limited by shares can be of---company to other person or company may be filed by
kinds are stated under

Section 34 Section 179 The employees of the Company

Share Two

Section 184 Prescribed number of member of

Section 36 Debenture Three members of the Company

Section 447 Both share and debenture Four Section 186 Secured creditors of the company

Section 190 All of the above

Explanation to Section 447 Neither share nor debenture Five

Question 26 User Response Question 27 User Response Question 28 User Response Question 29 User Response Question 30 User Response
Question 31 Question 32
e expression arm's ength Which of the following is correct
Question 33 Question 34 Question 35
The statutorily prescribed period for In The meeting of the company cailed by
rasaction is used in
the Companies about oan to directors?
case of a private company, the
giving of notice for caling a general the board of directors at the
Act 'n
reference t quorum for meeting of the company
meeting of the company is is requisition of certain members of the
company., Is a kind of

ransactions inhe nature of oan too Loan director is

to
prohibited Not less than 15 days Two members personally present Annual general meeting
irectors

ansacos e natureOT oan

toLoan to any other person in whom members present either Extraordinary general meeting
the Not less than 21 days Two
oher bocy coroorate director is interested, is prohibited proxies
personally or through

Re ated ary iransactions oan to Not less than 28 days One fifth of the total members Special General meeting
managingorwhole-time
cirector is not prohibited present either personally or proxies

Al of ne above All of tne above are correct None of the above Three members including Chairman None of the above
present personally

Question 32 User Response Question 33 User Response Question 34 User Response Question 35 User
Question 31 User Response
Question 36 Question 37 Question 40
cee ~ee: "s c*the Company Every sted pub c company must
Question 38 Question 39

not e sve to
he minimum number of directors in Duties of directors in a company is Audit Committee of the Board consist
have at east
of the total number a public company is Outlined under - -

of the companies of
of directors as independent directors Act 2013

Minimum two directors

Vemoers of Company One third TWO Section 149

Minimum three directors with

One fourth Section 164
Directors Company Three
independent directors forming

majority
directors with both
Section 165 Minimum two
Aucitors of Company Twothird Four directors
director being independent

resolved by the
Section 166 As many directors as

Concerned Registrar of Companies One half Five

Board

Question 39 User Response Question 40 User Response

Question 37 User Response Question 38 User Response
Question 36 User Response d
Question 41 Question 42 Question 43 Question 44 Question 45
- of a company is entitled to Application to tribunal for relief in The term trading' in the contexts ofThe phrase price
Powers of Tribunal to intervene to relates sensitive information' is
exercise all such powers, and to do all
cases of oppression etc. may be filed bringto an end the complaints of | prohibition on insider trading'
critical
in the context of
such acts and things, as the company|by oppression or mismanagement have to

is authorized to exercise and do been outlined under - - -

of the
Companies Act 2013
concerned Corporate fraud
Section 241 Trading in the securities of
the managing director of the Prescribed number of members
company
Company
Company Audit
Trading in securities of any
company
Section 242
the members of the Company in its Central government
annual general meeting
of Prospectus
ssuance
or services produced
Trading in goods
Section 397
prescribed number of members by the company
nominated by the The
the director central government
members in Annual General Meeting or the
Insider Trading
of the above
Section 398
All
Directors
or more Independent
Directors
One
Board of
the

Question 45 User Respon

Question 44 User Response
Question 43 User Response
Question 42 User Response d
a
Question 41 User Response
 Question 446
Question 47
Which cf the following legislations, if
Question 48 Question 49 Question 50
|Under the provisions of the List of activities which may be The Corporate Social Responsibility The correct sequence of
any, specifically state 'investor companies Act, the special included by the companies in Committee of the Board in a company events in case of windingup
protection as one of its objectives? organization established for their corporate social consists of process is
|investigation into frauds relating to a responsibility policies is
company is provided under

Companies Act 2013 The Central Bureau of Investigation |Schedule Seven All independent directors winding up order, liquidation,
dissolution of the company

liquidation, winding up order,

Competition Act 2002 Fraud Investigation organization Schedule Six Two or more directors of the
Company dissolution of the company

Enforcement Directorate Schedule Five Three or more directors, of which liquidation, dissolution of the
Securities and Exchange Board of Company, winding up order
majority must be independent
|India Act 1992
directors
Investigation Office None of the above Three or more directors, of which one
None of the above
Contracts (Regulation) Act Serious Fraud be independent director
Securities must an

|1956

Question 47 User Response Question 48 User Response Question 49 User Response Question 50 User Response
Question 46 User Response d

Cur Co
Si
Question 51 Question 52 Question 55 Question
Section 255 of the insolvency and The
Question 53
order for ------ of a company A petition to the
Question 54 Arcellor-Mittal operates Provisions relating to ross

Tata Sons' Limited is reported to is stated

Bankruptcy Code 2016 has omitted----operates in favour of all the creditorstribunal for winding up obtain control of Air India in a process| d
border merger

- from the Companies Act 2013 under of the

and all contributories of the company of a company under the called Companies Act 2013
as if it had be made out on the joint|Companies Act 2013
petition of creditors and may not be presented
cantrihutarias h Company Section 232
Part of Chapter XX dealing with dissolution The company Compromise under Section 230 of the Private Limited
Companies Act
winding up by the tribunal

Limited Company Section 234

Part li of Chapter XX dealing with Any contributory or Merger and amalgamation of Public
acquisition
under Section 232 of the
voluntary winding up contributories companies
Companies Act

Sect on 236
Amalgamation of companies under As a foreign company
The Registrar
Part iV of Chapter XX dealing with winding up
Section 237 of the Companies Act
Official Liquidators

Section 238
of the above None of the above
liquidation The creditor or creditors None
None of the above of the company

a
Question 55 User Respon: Question 56 Use
Question 52 User Response Question 53 User Respor Question 54 User Response
Question 51 User Response b
Question57 Question 58
make ruies tor
Question 59 Question 60
The power to cross
Substantial Acquisition Liability of officers in respect of
herder merger and amalgamation is of Shares and Takeovers offences committed prior to
Fully paid up bonus
merger, shares may be issued
vested in
Regulations have been amalgamation or acquisition of
made and notified by
by a Company out

The Centrai Government The Central Government Its free reserves

Extinguishes on such merger,
acquisition or amalgamation

The securities
The Reserve Bank of ndia The Reserve Bank of Continues irrespective of such
amount
india merger, amalgamation or acquisition premium

such Capital redemption

Government The Central Government |Becomes compoundable on
The Centra in
account
consultation with the Reserve Bank of in consultation with the merger, amalgamation or acquisitionreserve
Reserve Bank of India
india

Board of The Securities and

None of the above All of the above
The Securities and Exchange
Exchange Board of India
india

Question 58 User Respor Question 59 User Response Question 60 User Res Total Attempted Correct Answer
Question 57 User Response