Top 150+ Solved Company Law MCQ Questions Answer
Q. Issuance of a share warrant is necessary, so that __________
a. Shares are fully paid up
b. Shares are paid up to 50%
c. Shares are paid up to 25%
d. Shares are paid up to 10%
Q. Which of the following companies must have Articles of Association________
a. Foreign Company.
b. Unlimited Company.
c. Holding Company.
d. Government Companies.
Q. Which of the following document brings a company into existence as a legalperson? __________
a. Memorandum of Association
b. Certificate of Incorporation.
c. Article of Association.
d. The agreement.
Q. The Prospectus must be issued within___________
a. 90days of its registration
b. 60days of the certificate of Incorporation
c. 90days of the Statutory Meeting
d. 60days of the first Annual General Meeting
Q. Who of the following is the most important functionary ofa company?__________
a. Secretary.
b. Treasurer.
c. Managing Director.
d. Manager
Q. Every company making an allotment of shares or debentures is obliged to theallottee a certificate of shares within____________
a. 14 days of the allotment
b. One month of the allotment
c. Two months of the allotment
d. Three months of the allotment of shares.
Q. Company can close the Register after publishing a notice in a local daily? ____
a. Seven days before the Register is closed.
b. Fourteen days before the Register is closed
c. Twenty-one days before the Register is closed
d. One month before the Register is closed
Q. In one particular year, the company can close the Register for a period of, ____
a. Seven days at any one time
b. Fourteen days at any one time
c. Twenty-one days at any one time
d. Thirty days at any one time
Q. The public trustee may attend the meeting of the company_______
a. Himself
b. Appoint a government officer
c. Both a and b.
d. Secretary.
Q. Annual Returns are required to be filed within___________
a. Within 30 days from the date annual General Meeting
b. Within 60 days from the date of the Annual General Meeting
c. Within 90 days from the Date of the Annual General Meeting
d. Within six Months from the date of the Annual General Meeting
Q. No company limited by shares shall issue any preference share which isredeemable or irredeemable after the expiry of a period of____________
a. One year from the date of issue
b. Two year from the date of issue
c. Five years from the date of issue
d. Ten years from the date of issue
Q. “Directors are trustees of the company and not of individual shareholders”.This principle was laid down in_____________
a. Perceival v/s. Wright
b. Ramswamy Iyer v/s. Brahmayya & Co.
c. Ferguson v/s. Wilson
d. Lee v/s. Lee’s Air Farming Ltd
Q. Which of the following sections, allows alteration of objects clause withincertain defined limits______________
a. Section 15
b. Section 16
c. Section 17
d. Section 18
Q. Who of the following persons brings about the incorporation, and organizationof a company ______________
a. A member
b. A promoter
c. A manager
d. A director
Q. Which of the following is not the way of acquiring a membership of the acompany under the Companies Act, 1956___________
a. By allotment of shares
b. By transfer of shares
c. By appointment.
d. By nomination.