Top 150+ Solved Regulatory Framework for Companies MCQ Questions Answer
Q. The alteration of the Memorandum has to be certified by the Registrar.
a. within 45 days.
b. within 15 days.
c. at his own time provided the company satisfies his queries in this respect.
d. within 30 days.
Q. Memorandum of Association does not include.
a. subscription clause.
b. capital clause.
c. liability clause.
d. assets clause.
Q. ‘Shelf prospectus’ means a prospectus issued by.
a. any trading company.
b. any industrial company.
c. any financial institution or banks.
d. any existing company whose shares are listed on a recognized stock exchange.
Q. The ‘Golden Rule’ for framing of a prospectus was laid down in the case of.
a. royal british bank.
b. rex vs kylsant.
c. new brunswick & canada rly. & land co. vs muggeridge.
d. derry vs peek.
Q. The document which invites the public for subscribing capital in the formof shares and debenture is called.
a. memorandum of association.
b. article of association.
c. prospectus.
d. legal announcement.
Q. Which of the documents is not filed to the registrar at the time ofincorporation?
a. memorandum.
b. article of association.
c. consent of the director.
d. prospectus.
Q. A prospectus may contain a statement purporting to be made by an expert.The term “expert” includes.
a. an engineer.
b. a valuer.
c. an accountant and any other person whose profession gives authority to a statement made by him.
d. all the above.
Q. The most important clause in the Memorandum of Association of a company is.
a. name clause.
b. registered office clause.
c. objects clause.
d. liability clause.
Q. Who has certain remedies for misstatement in the prospectus against the company and the persons issuing the Prospectus?
a. a person who has applied for shares in the company and who has been allotted shares.
b. a buyer of shares in the open market.
c. a subscriber to the memorandum.
d. all the above.
Q. The prospectus must be issued within ………………… after the date onwhich a copy thereof has been delivered for registration.
a. 30 days.
b. 60 days.
c. 90 days.
d. 120 days
Q. The exception to the doctrine of constructive notice is provided in
a. lifting the corporate veil.
b. doctrine of ultra vires.
c. doctrine of indoor management.
d. none of the above.
Q. Any document filed with the registrar will be deemed to have been read andunderstood by all those who deal with the company. It is as per the doctrine of.
a. constructive notice.
b. indoor management.
c. public notice.
d. ultra vires.
Q. The Doctrine of indoor management provides protection to.
a. the board of directors.
b. the shareholders.
c. the managing directors.
d. outsiders.
Q. The doctrine of constructive notice protects the interest of.
a. the company.
b. the shareholders.
c. the creditors.
d. the debtors.