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    Company Law

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    Rajib Debbarma
    The document provides multiple choice questions and answers related to company law. The most important document of a company is its memorandum of association, which establishes the company's constitution. The articles of association contain the rules and regulations for the internal management of a company. A private company requires a special resolution and government approval to convert to a public company.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Company Law

    Uploaded by

    Rajib Debbarma
    969 views2 pages
    The document provides multiple choice questions and answers related to company law. The most important document of a company is its memorandum of association, which establishes the company's constitution. The articles of association contain the rules and regulations for the internal management of a company. A private company requires a special resolution and government approval to convert to a public company.

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    This is the MCQ of Company Law for college students.

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    company-law

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    The document provides multiple choice questions and answers related to company law. The most important document of a company is its memorandum of association, which establishes the company's constitution. The articles of association contain the rules and regulations for the internal management of a company. A private company requires a special resolution and government approval to convert to a public company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    969 views2 pages

    Company Law

    Uploaded by

    Rajib Debbarma
    The document provides multiple choice questions and answers related to company law. The most important document of a company is its memorandum of association, which establishes the company's constitution. The articles of association contain the rules and regulations for the internal management of a company. A private company requires a special resolution and government approval to convert to a public company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    COMPANY LAW

    Multiple Choice Questions & Answers


    1. 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 governments approval
    COMPANY LAW
    Multiple Choice Questions & 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 debentureholder
    B. cannot be its debentureholder
    C. alone can become its debentureholder
    D. must also become its debentureholder 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

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