Company laws in India

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 COMPANY LAW QUESTIONS

Question: _______ includes an engineer, valuationer, accountant

(a) Expert
(b) Promoter
(c) Auditor
(d) Director
Ans. (a)

Related: More Company Law Questions

Question: ______ prospectus were issued in order to test the market before finalizing issue size/ price.
(a) Deemed
(b) Shelf
(c) Red herring
(d) None of the above
Ans. (c)

Question: Because of Misrepresentation in prospectus an expert will be criminally liable.

(a) Yes
(b) No
Ans. (b)
Question: Allotment of shares or debentures must be made after getting ______ subscription against entire
public issue as per SEBI guidelines.
(a) 80%
(b) 90%
(c) 100%
(d) None of these
Ans. (b)
Related: Data Interpretation Questions
Question: Every Company who want to go for public issue and allot shares, they should make an applicant
to stock exchange
(a) Yes
(b) No
Ans. (a)
Question: As per SEBI guidelines the application money should be minimum of______
(a) 10
(b) 15
(c) 20
(d) 25
Ans. (d)
Question: Public deposit matures and claimed but remains unpaid, penal interest will be in case of small
deposits
(a) 16%
(b) 18%
(c) 20%
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(d) None of these
Ans. (c)
Question: Notice of Adjourn meeting is not required of a meeting is
(a) Adjourn for want of quorum
(b) Adjourn sine die
(c) Adjourn for more than 30 days
(d) None
Ans. (a)
Related: Check your Intelligence, try this Aptitude Test
Question: Employees employed under any financial corporation established under state financial
corporation Act will not cover under payment of Bonus Act.
(a) Yes
(b) No.
Ans. (a)
Question: An employee of a Seasonal factory will be given minimum bonus if he had not worked for
sufficient days
(a) Yes
(b) No
Ans. (b)
Question: Employees employed under Seamen as defined in the Merchant Shipping Act, 1958. Will not
cover under payment of Bonus Act 1956.
(a) Yes
(b) No
Ans. (a)
Question: Reduction & diminution is done under which sec.
(a) 100 & 94
(b) 94 & 100
(c) 100 & 96
(d) 96 & 100
Ans. (a)
Related: Fundamental Accounting Objective Question
Question: Transfer is effected by
(a) Sales
(b) Death
(c) Insolvency
(d) None of the above
Ans. (a)

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