Top 150+ Solved Industrial and Company Law MCQ Questions Answer
Q. The different modes of winding up are:
a. Compulsory winding up under order of the court
b. Voluntary winding up
c. Winding up subject to supervision of the court
d. All of the above
Q. Compulsory winding up means
a. If a company unable to pay its debt
b. If the number of members of company reduced below statutory limit
c. If a company does commence its business within a year from its incorporation.
d. All of the above.
Q. Voluntary winding up means
a. If period fixed for the company is expired.
b. If company passes a special resolution the company wound up voluntarily.
c. Members voluntary winding up is applicable to solvent companies only.
d. All of the above
Q. In case of compulsory winding up Liquidator is appointed by
a. Court
b. Members
c. Shareholders
d. None of the above
Q. Who are the persons who can file petition for winding up of the company
a. Company & its Contributories.
b. The Central Government or State Government.
c. Both (a) and (b)
d. Registrar on his own account
Q. A voluntary winding-up commences when
a. the members of the company pass a special resolution to wind up
b. an application is filed with the court by the members of the company
c. the company is unable to pay its debts
d. an unpaid creditor applies for the winding up
Q. The first item in order of payment to be made by liquidator is:
a. Secured creditors
b. Liquidation expenses
c. Preferential creditors
d. Preferential creditors
Q. In case of creditors voluntarily winding up,liquidator is appointed by
a. Creditors
b. Members
c. Both Creditors &Menbers
d. None of the above
Q. In which of the following cases majority rule does not prevail?
a. Where the act is ultra vires the company
b. where the act is illegal to the company
c. where the act infringes personal rights
d. all of the above
Q. Which of the following is an act of oppression &mismanagement
a. Continuous losses to the company in spite of the efforts by the members and directors
b. Payment of no dividend or low dividend
c. Payment of salary to the directors and not declaring the dividend
d. Sale of asset for the benefits of directors themselves
Q. Within how many days should the certified copy of order of Tribunal be filled with Registrar
a. 30 days
b. As per specified in order
c. 60 days
d. 90 days
Q. Compulsory winding up of a company will take place if
a. The company is unable to pay its debts
b. company passes special resolution to be wind up
c. The number of members is reduced below the specified numbers in the act
d. All of the Above
Q. In case of winding up of a company, the liquidator appointed is required to give a declaration disclosing their interest or lack of independence if any, within
a. 10 days
b. 15 days
c. 7 days
d. 30 days
Q. What are the powers of the tribunal on receipt of petition for winding up?
a. To dismiss it with or without cost
b. To make interim orders
c. To appoint provisional liquidator
d. All of above
Q. Which of the following are permitted to present the petition for winding up?
a. Creditors
b. Contributories
c. Company
d. All of the above