Top 150+ Solved Corporate Regulations MCQ Questions Answer
Q. The granting of the certificate of incorporation renders the illegal objects include in thememorandum:
a. Legal
b. Void
c. Voidable
d. None of the above
Q. Change in objects clauses can be effected
a. For any reason
b. For special reason only
c. to comply with C.G order
d. None of the above
Q. The capital clause of a company can be changed with the permission of _____________
a. Company law board
b. Registrar
c. Court
d. None of the above
Q. ______ conceives the idea of the business
a. Promoters
b. Directors
c. Auditors
d. None of the above
Q. _______stands in the fiduciary position of the company
a. Directors
b. Promoters
c. Auditors
d. None of the above
Q. ______ are the contracts entered into by promoters on behalf of a prospectus company.
a. Provisional contracts
b. Pre Incorporation contracts
c. Preliminary contracts
d. Both a) & b)
Q. Contracts made after incorporation but before the grant of Certificate of commencementof Business _____
a. Provisional contracts
b. Pre incorporation contracts
c. Preliminary contracts
d. Both (b) & (c)
Q. Pre incorporation contract is also known as _________
a. Provisional
b. Preliminary
c. illegal
d. legal
Q. A public company can borrow money ___________
a. before incorporation
b. Soon after incorporation
c. after issuing a proposal
d. after obtaining certificate to commerce business.
Q. A private company can borrow funds
a. after incorporation
b. after obtaining certificate to commerce business
c. after holding first annual general meeting
d. None of the above
Q. A promoter is a person who
a. is a director.
b. is a relative of the company.
c. is a wellwisher of the company.
d. takes part in the companys incorporation.
Q. When there is a untrue statement in a prospectus who can sue
a. Subscribed in primary market
b. Subscribed in secondary market
c. Rights issue
d. None of the above
Q. Which of the following are not required to issue prospectus?
a. Private company
b. In case of right issue
c. Sweat equity issue
d. All the above
Q. _______are the prospectus issued instead of full prospectus
a. Abridged
b. Statement in lieu
c. Shelf
d. Red herring