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Company Law - Questions and Answers for Competitive Exams | GkSeries

37. A share certificate is required to be signed by_____________
  • [A] company secretary.
  • [B] two directors.
  • [C] two directors and company secretary
  • [D] all directors and company secretary

Answer: Option [C]

38. A secretary should have sound knowledge of_______________.
  • [A] company law.
  • [B] tax laws.
  • [C] labour laws.
  • [D] all of these.

Answer: Option [A]

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39. Transmission of shares takes place in the following case_____________.
  • [A] sale of shares.
  • [B] theft of shares.
  • [C] operation of any law.
  • [D] all of these.

Answer: Option [C]

40. 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: Option [D]

41. A private company ________issue deferred shares with disproportionatevoting rights
  • [A] can ony
  • [B] can
  • [C] cannot
  • [D] can with the prior approval of the government

Answer: Option [A]

42. When is a company said to have been registered?
  • [A] when it files the memorandum of association with the registrar if companies
  • [B] when it gets the certificate of incorporation
  • [C] when it gets the certificate of commencement of business
  • [D] when it actually starts its business

Answer: Option [A]

43. how many types of preference shares
  • [A] 8
  • [B] 7
  • [C] 6
  • [D] 5

Answer: Option [A]

44. The debenture holders of a company are companys____________.
  • [A] owners
  • [B] creditors
  • [C] customers
  • [D] all of these

Answer: Option [B]

45. A share certificate is required to be signed by__________.
  • [A] company secretary
  • [B] two directors
  • [C] two directors and company secretary
  • [D] all directors and company secretary.

Answer: Option [C]

46. Transmission of shares takes place in the following case
  • [A] sale of shares.
  • [B] theft of shares
  • [C] operation of any law.
  • [D] all of these

Answer: Option [C]

47. To enable a company to pay dividends, a special authority is ___________.
  • [A] not needed either in the memorandum or in the articles
  • [B] needed either in the memorandum or in the articles
  • [C] needed only in the memorandum
  • [D] needed only in the articles

Answer: Option [A]

48. According to the companies act, which one of the following companies can commence allotment of shares even before the minimum subscription is subscribed or paid?
  • [A] Charted company
  • [B] Private company
  • [C] Government company
  • [D] Public limited company

Answer: Option [B]

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