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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.
13. Where a company has three directors, the maximum remuneration payable to all of them is ________% of the annual net profit
- [A] 5.
- [B] 10.
- [C] 20.
- [D] 25.
Answer: Option [B]
14. A person cannot act as managing director of more than _______company /companies at a time
- [A] one
- [B] two
- [C] four
- [D] five
Answer: Option [B]
15. The partnership entity may be regarded as ____________.
- [A] a legal entity .
- [B] an accountable entity .
- [C] both a legal and accountable entity .
- [D] neither a legal nor an accountable entity
Answer: Option [D]
16. The amount of minimum subscription may be learnt from the ______________.
- [A] prospectus
- [B] memorandum of association
- [C] articles of association .
- [D] records of general meetings
Answer: Option [A]
17. When can a private company commence business ?
- [A] at any time
- [B] after applying for registration.
- [C] after obtaining the certificate of incorporation.
- [D] after obtaining the certificate of commencement of business .
Answer: Option [C]
18. An exception to the doctrine of constructive notice is____________.
- [A] the doctrine of ultra vires .
- [B] the doctrine of indoor management .
- [C] lifting the corporate veil
- [D] the doctrine of ultra vires in Articles of Association.
Answer: Option [B]
19. A prospectus is to be issued within _______days of registration.
- [A] 30
- [B] 60
- [C] 90
- [D] 180
Answer: Option [C]
20. All monies received with the application of shares are to be deposited_______.
- [A] with the controller of capital issues .
- [B] in the companys bank account
- [C] in a special account opened in a scheduled bank for the purpose
- [D] with the registrar of companies
Answer: Option [C]
21. The minimum subscription is to be received within ______days of the offer.
- [A] 30
- [B] 60
- [C] 120
- [D] 150
Answer: Option [C]
22. The charter of a company refers to its ________________.
- [A] prospectus
- [B] memorandum of association
- [C] articles of association
- [D] statement in lieu of a prospectus
Answer: Option [B]
23. An association of 30 persons not registered under the companies Act but carrying on a business is
a/an ___________.
- [A] illegal association
- [B] partnership
- [C] private company
- [D] public company.
Answer: Option [A]
24. A company is a juristic person with a perpetual succession _____________
- [A] as such it dies.
- [B] its life depends on the life of its members.
- [C] it is created by a process of law and can be put to an end only by a process of law
- [D] none
Answer: Option [C]
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