MCQ On Company LAW: BSL-605 T-8
MCQ On Company LAW: BSL-605 T-8
MCQ On Company LAW: BSL-605 T-8
LAW
BSL-605 T-8
Which of the following is not a method of creating a
company?
1. written agreement made by the directors.
2. Registration under the Companies Act
3. Act of Parliament.
4. Grant of Royal Charter
Companies Act 1956 is now
1. Companies Act 2013
2. Companies Act 2000
3. Companies Act 2009
4. Companies Act 2003
Which company allows free transferability of shares
1. Private Company
2. Public Company
3. Both (a) & (b)
4. None of the above
Salomon V. Salomon & co. ltd is a case of
A. Separate legal entity
B. Limited liability
C. Common seal
D. None of these
Existing company is a
A. Company formed and registered under any of the
earlier company laws
B. Company registered under only companies act
2013
C. Company registered under act for social purpose
only
D. None of the above
The liability of members if company is limited by
guarantee.
A. Unpaid value of shares
B. Guarantee amount
C. Unlimited liability
D. None of the above
The liability of members if company is limited by
shares
A. Unpaid value of shares
B. Guarantee amount
C. Unlimited liability
D. None of the above
Any company incorporated outside India which has
an established place of business in India
A. Public Company
B. Foreign Company
C. Private Company
D. OPC
A, a trader, carried on business under the name of A
& Co. Ltd, without being registered as a company
with limited liability. The consequences of the act of
A & Co. Ltd. Will be?
A. Illegal
B. Legal
C. Registration is not mandatory under law
D. None of these
5 Persons are the only members of a private
company. All of them go in a boat on a pleasure trip
into the open sea. The boat capsizes and all the 5
died being drowned. Company will continue
because of
A. Separate legal entity
B. Perpetual succession
C. Limited liability
D. None of these
______ is the conclusive evidence in case of
company that statutory requirements have
complied with
A. Certificate of Incorporation
B. Certificate of commencement of Business
C. Both
D. None of the above
Companies are now allotted a _______ in addition to
their name
A. PAN
B. SIN
C. PIN
D. CIN
In how many days did the company have its
registered office after incorporation
A. 10
B. 20
C. 30
D. 40
MCA refers to
A. Ministry of Corporate affairs
B. Memorandum of corporate affairs
C. Memorandum of companies act
D. None of these
MCA-21 Scheme does not cover
A. Inspection of documents
B. Registration of new companies
C. Filling of annual returns
D. Liquidation of companies
To get certificate of incorporation, documents is to
be filed with
A. Registrar of company
B. Registrar of Government
C. State government only
D. None of these
A promoter of a company enter into an
agreement with Laxman to buy land for
company on 6th January 2016 but company was
incorporated on 16th January, 2016 company
refuses to buy the said land, now who is liable
for the payment of land to Laxman
A. Promoter
B. Company
C. Shareholders
D. None of these
In case of misstatement of a material fact, there may
arise
A. Civil liability
B. Criminal liability
C. Both A & B
D. None of these
Certificate issued , under common seal of the
company to shareholders is called
A. Share certificate
B. Stock
C. Share
D. All of the above
• Private company can start business only after getting certificate of
• a) Incorporation
• b) Commencement of business
• c) None of these
Private company can start its business immediately after the issue of
• a) Certificate of commencement of Business
• b) Certificate of Incorporation
• c) Both
• d) None of the above
• Every Government Company may be a Public Company but every
public company need not be Government Company. Do you agree
with this statement
• a) Yes
• b) No
• XYZ Company is a Government Company and X Co. is a subsidiary of
XYZ Co. Then X Co. will be
• a) Public Company
• b) Private Company
• c) Government Company
• d) None of these
• 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
• 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
• Transfer of shares in the case of public company is
• a) Prohibited
• b) Restricted
• c) Freely transferable
• d) None of these
Y Pvt.Co. is subsidiary of X Co. which is a public Company? Mention Y is
a
a) Private Co.
b) Public Co.
c) Government Co.
d) None of these
Transfer of shares in case of private company is
a) Prohibited
b) Restricted
c) Freely transferable
d) None of these
The companies which are formed under companies Act. 1956. They
will be called as
a) Chartered companies
b) Statutory companies
c) Registered companies
d) None of these
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
Partners are of the firm
a) Owners
b) Employers
c) Agents
d) None of these
CASE
• Thank you