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Free Download as PDF of Company Law Questions with Answers as per exam pattern, to help you in day to day learning. We provide all important questions and answers for all Exam.
1. What is known as a charter of a Company?
- [A] Memorandum of Association
- [B] Bye laws
- [C] Articles of Association
- [D] Prospectus
Answer: Option [A]
2. Minimum paid up capital for a public company
- [A] 500000
- [B] 400000
- [C] 300000
- [D] 200000
Answer: Option [A]
3. The name of a company can be changed by__________.
- [A] an ordinary resolution
- [B] a special resolution
- [C] the approval of the union government
- [D] a special resolution and with the approval of the central government
Answer: Option [D]
4. The __________defines a companys relations with the outside world.
- [A] prospectus
- [B] memorandum of association
- [C] articles of association .
- [D] statement in lieu of prospectus .
Answer: Option [B]
5. The most important document of a company is its__________.
- [A] prospectus
- [B] annual report.
- [C] memorandum of association
- [D] articles of association
Answer: Option [C]
6. Mark out the type of alteration that is permitted in the articles of association____.
- [A] that may not be in the companys interest .
- [B] that is contrary to the provisions of the companies act.
- [C] that increases a members liability without his written consent .
- [D] that is consistent with the memorandum of association .
Answer: Option [D]
7. 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] directors undertakings to take up and pay for qualification shares
Answer: Option [C]
8. The share capital of a company may be reduced by __________.
- [A] an ordinary resolution
- [B] a special resolution
- [C] a resolution of the board of directors
- [D] obtaining permission from the company law board
Answer: Option [B]
9. The ___________ on equity shares is not cumulative.
- [A] dividend
- [B] profit
- [C] loss
- [D] reserve
Answer: Option [A]
10. The ___________ constitute the top administrative organ of the company. .
- [A] general manager .
- [B] shareholders.
- [C] board of directors.
- [D] advisory panel.
Answer: Option [C]
11. A directors 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: Option [A]
12. The total managerial remuneration to the directors and the manager in respect of any financial year
must not exceed _________ percent of the net profit.
- [A] one
- [B] three
- [C] eleven
- [D] ten
Answer: Option [C]
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