Top 50+ Solved Corporate Laws MCQ Questions Answer
Q. During which of the following circumstances can the veil be lifted by the court?
a. Where the Co acts as an agent
b. Where a fund is noticed
c. When the company tries to avoid certain legal obligation
d. All of the above.
Q. If the Articles of a company conflict with the memorandum.
a. The articles shall prevail
b. The memorandum shall prevail
c. The directors will resolve the conflict
d. The court will resolve the conflict.
Q. On which of the following dates the companies Act,1956 come in to force?
a. 31st March 1956
b. 1st April 1956
c. 31st March 1957
d. 1st April 1957.
Q. The privilege of limited liability was introduced in the Indian Company Law, in the year of
a. 1850
b. 1857
c. 1927
d. 1956
Q. A Statutory company is one which incorporated by
a. An Act of Parliament
b. By an Act of state legislature
c. Under the companies Act,1956
d. By either a or b.
Q. In case of a company limited by guarantee, the liability of the members can be enforced
a. Only at the time of winding up of the company
b. At any time when the company so decide
c. Only by an order of court
d. Only by an order of Registrar of companies
Q. If at the registration, a company limited by shares does not file articles of association with theregistrar, then
a. The company deemed to have adopted Table A
b. The company cannot be registered without this document
c. The company is deemed to have become a company with unlimited liability
d. None of the above
Q. A foreigner can become a member of a company registered in India but permission of
a. SEBI
b. High Court
c. RBI
d. Supreme court
Q. The doctrine of indoor Management has its own origin in
a. Salmon V Salona U&Co.Ltd.
b. Ryland V Turquand
c. Royal British Bank V Turquand
d. None of these
Q. A elected director can be terminated by the
a. Company
b. High Court
c. State Government
d. Central Government
Q. When a director voluntarily remains absent from the three consecutive meetings of the Board ofDirectors, and
a. He become liable to be punished with @Rs.500 for every default
b. He is disqualified for becoming a director of any company
c. His office falls vacant
d. None of the above
Q. Winding up by special resolution passed by the company
a. Compulsory winding up
b. Winding up
c. Voluntary winding up
d. All of the above