Top 150+ Solved Company Law MCQ Questions Answer
Q. Which one of these cases, is not related to separate entity of the company ____
a. Oax v/s. Turquand and Harding.
b. Solomon v/s. Solomon & Co.
c. In Re Kandoli Tea Co.
d. Southern Foundaries Lt v/s. Shirla.
Q. In which one of these cases, the doctrine of ultra vires was laid down ________
a. Ashbury Railway Carriage & Iron Co. Ltd. v/s. Riche.
b. Royal British Bank v/s. Turquand.
c. Derry v/s. Peek
d. Oax v/s. Turquand and Harding.
Q. The doctrine which says company is collective will and has its real psychicexistence is based on __________
a. Fiction Theory.
b. Realist Theory.
c. Bracket Theory.
d. Purpose Theory.
Q. If direction to change the name of the company is given by the CentralGovernment, the Company must change its name within ______________
a. One month
b. Two months
c. Three months
d. Six months
Q. Which of the firm must not have Articles of Association? _______________
a. Unlimited Companies,
b. Companies limited by guarantee
c. Private companies limited by shares must have Articles of Association.
d. LLP
Q. The doctrine of Indoor Management seeks to protect _____________
a. Outsiders against the company.
b. Sanctioned by the Registrar of the companies.
c. Authorised by Board of Directors.
d. Allowed by Memorandum of Association.
Q. The rule of constructive notice seeks to protect_____________
a. The company against the outsiders.
b. Shareholders against the company.
c. Outsiders against the company.
d. Directors against the outsiders.
Q. The Prospectus must be issued within ______________
a. 90 days of its registration.
b. 60 days of the Certificate of Incorporation.
c. 90 days of the Statutory Meeting.
d. 60 days of the first Annual General Meeting.
Q. Every person who knowingly issues a Prospectus without registration, ispunishable _______________
a. With fine upto Rs.5000/-
b. With fine upto Rs.2000/-
c. With fine upto Rs.1000/-
d. With fine upto Rs.1000/- and imprisonment upto one month.
Q. In case of every company, a meeting of the Board of Directors shall be held atleast____________
a. Once a month.
b. Once in every two months.
c. Once in every three months.
d. Once a year.
Q. At the same time a person cannot hold office of a Director in more than ______
a. Two companies
b. Seven companies
c. Twenty companies
d. Thirty companies
Q. The quorum for the meeting of Board is _______________
a. One fourth of its total strength.
b. One third of its total strength.
c. Two third of its total strength.
d. One half of its total strength.
Q. The time gap between two Annual General Meetings should not exceed______
a. Six months.
b. Twelve months.
c. Fifteen months.
d. Eighteen months.
Q. Power to set up the Tribunal is vested in ______________
a. Supreme Court.
b. State Government.
c. Central Government with the permission of the Supreme Court.
d. Central Government.
Q. Duration of interval between one general meeting and another general meetingshould not be more than ____________
a. 6 months.
b. 12 months.
c. 15 months.
d. 24 months.