Top 150+ Solved Industrial and Company Law MCQ Questions Answer
Q. Part of authorized capital which is actually offered to the public for sale is called
a. Paid-up capital
b. (b) Subscribed capital
c. (c) Issued capital
d. (d)Authorised Capital
Q. _________are the creditors of the company.
a. Stakeholders
b. Shareholders
c. Preference shareholders
d. Debenture-holders
Q. ____________means abandonment of the shares by the holder thereof in favour of the company.
a. Surrender of shares
b. Estoppel
c. Shares takeover
d. Buy back
Q. A ____________ is a director who is entrusted with certain duties and responsibilities.
a. Managing Director
b. Whole time Director
c. Either (a) or (b)
d. Neither (a) nor (b)
Q. If there is no quorum within ___________ of the notified time for starting the meeting, it is dissolved.
a. Half an hour
b. One hour
c. One and half hour
d. Two hour
Q. According to the Act, a quorum in a public company is constituted by
a. 7 members
b. 5 members
c. 2 members
d. 8 members
Q. Any member, entitled to attend and vote in a meeting, can appoint another person to attend and vote on his behalf, the person appointed is called-
a. Directors
b. Voters
c. Shareholders
d. Proxy
Q. A written record of the proceedings of a meeting is called-
a. Resolutions
b. Notice
c. Agenda
d. Minutes
Q. The first Annual General Meeting of a company may be held within a period of not more than ___________ from the date of its incorporation.
a. 12 months
b. 14 months
c. 16 months
d. 18 months
Q. The ___________________ is a director who is entrusted with substantial powers of management.
a. First Directors
b. Whole Time Directors
c. Managing Directors
d. Board of Directors
Q. A company shall not appoint any person as its whole time director if:
a. He is an undischarged insolvent
b. He is already a director of other company
c. He is a minor
d. None of the above
Q. A director may be removed from his office by:
a. The shareholders
b. The Company Law Board
c. The Central Government
d. All of the above
Q. Which of the following section defines a managing director:
a. Sec. 296 (1)
b. Sec. 2 (26)
c. Se 26 (2)
d. Sec. 6 (22)
Q. No company shall appoint any individual as its managing director for a term exceeding:
a. 3 years at a time
b. 5 years at a time
c. 4 years at a time
d. 2 years at a time
Q. A director who is known as an executive director is:
a. Manager
b. Whole time director
c. Managing director
d. None of the above